FORT WORTH-GE Transportation will open a new locomotive manufacturing facility here, and with the addition of the plant, North Texas can now claim that it produces planes, trains and automobiles.

GE Transportation bought a 672,678-square-foot industrial building near Texas Motor Speedway and plans to invest $96 million in the new plant. The company plans to nearly double the size of the building, which is located at 12850 Three Wide Dr. The new facility will create more than 500 new high-tech manufacturing jobs with the potential to add 275 jobs in subsequent years.

GE Transportation will receive as much as $4.2 million from the Texas Enterprise Fund. In addition, the city of Fort Worth will vote next week on a proposal to provide the company with a tax abatement of 50% to 80% of personal property taxes for 10 years, according to David Berzina, executive vice president for economic development for the Fort Worth Chamber of Commerce. He says that Denton County also plans to vote on tax abatement incentives for GE Transportation.