West Midlands Trains (WMT) has chosen the Bescot Sidings yard on the Wednesbury-Walsall border for its electric train depot, which it says will create more than 100 jobs.
Details of the proposed development have been revealed just a month after Network Rail's sleeper factory plans were rejected following a huge backlash from residents.
It remains to be seen whether Network Rail will appeal the decision.
The electric train depot would be built closer to the Wednesbury end of the freight yard, across the M6 from Walsall's Banks's Stadium.
WMT officials said in order to run more trains and improved services it needed a base to maintain them.
The company has moved to distance its plans from the Network Rail development, a cause of so much hostility in the area.
It said its scheme would not involve any manufacturing or cause as much noise.
A public meeting will be held on February 5 at the Banks's Stadium.
With the sleeper factory fallout still fresh in people's minds, WMT has signalled it is ready to work closely with residents.
Project director Jane Fisher said: “Our new trains will bring a step change in local rail services and this state-of-the-art depot will bring over 100 new jobs to the local area.
“We know some local people may have concerns about the proposed developments at the Bescot site in Wednesbury, and we want them to come and share their views with us.
"We have already met with some members of the local community and we are committed to working with residents in Wednesbury to address any concerns they may have as we develop our plans and to have them as part of shaping the future of our local transport services.”