Construction is set to begin immediately, and the first phase could be complete as early as May, officials said in a story for Wednesday's Fort Bend Herald.
Kansas City Southern railroad is also spending about $120 million to rebuild a rail line between Rosenberg and Victoria that has been out of operation for decades.
"Our intent, our business plan, is to restore local rail service to South Texas," railroad Executive Vice President Warren K. Erdman said. "Because we're smaller, smaller stops are attractive to us."