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Railroad Rehabilitation & Improvement Financing (RRIF)

Program Overview

The RRIF program was established by the Transportation Equity Act for the 21st Century (TEA-21) and amended by the Safe Accountable, Flexible and Efficient Transportation Equity Act: a Legacy for Users (SAFETEA-LU). Under this program the FRA Administrator is authorized to provide direct loans and loan guarantees up to $35.0 billion to finance development of railroad infrastructure. Up to $7.0 billion is reserved for projects benefiting freight railroads other than Class I carriers.

The funding may be used to:

  • Acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track, bridges, yards, buildings and shops;
  • Refinance outstanding debt incurred for the purposes listed above; and
  • Develop or establish new intermodal or railroad facilities

Direct loans can fund up to 100% of a railroad project with repayment periods of up to 35 years and interest rates equal to the cost of borrowing to the government.

Eligible borrowers include railroads, state and local governments, government-sponsored authorities and corporations, joint ventures that include at least one railroad, and limited option freight shippers who intend to construct a new rail connection.

Please refer to the RRIF Program Fact Sheet for additional information.

Executed Loan Agreements

 
FISCAL YEARORGANIZATION AMOUNT

2012

Alameda Corridor Transportation Authority

$

83,710,000

2012

Kansas City Southern Railway Company

$

54,648,000

2011

Northwestern Pacific Railroad Company and North Coast Railroad Authority

$

3,180,000

2011

Amtrak

$

562,900,000

2011

C&J Railroad

$

56,204

2010

Denver Union Station Project Authority

$

155,000,000

2010

Great Lakes Central Railroad

$

17,000,000

2009

Georgia & Florida Railways

$

8,100,000

2009

Permian Basin Railways, Inc

$

64,400,000

2009

Iowa Interstate Railroad

$

31,000,000

2007

Nashville and Eastern Railroad

$

4,000,000

2007

Nashville and Eastern Railroad

$

600,000

2007

Columbia Basin Railroad

$

3,000,000

2007

Great Western Railway

$

4,030,000

2007

Dakota Minnesota & Eastern Railroad

$

48,320,000

2007

Iowa Northern Railroad

$

25,500,000

2006

Virginia Railway Express

$

72,500,000

2006

RJ Corman Railway

$

11,768,274

2006

RJ Corman Railway

$

47,131,726

2006

Wheeling & Lake Erie Railway

$

14,000,000

2006

Iowa Interstate Railroad

$

9,350,000

2005

Great Smoky Mountains Railroad

$

7,500,000

2005

Riverport Railroad

$

5,514,774

2005

The Montreal Maine & Atlantic Railway

$

34,000,000

2005

Tex-Mex Railroad

$

50,000,000

2005

Iowa Interstate Railroad

$

32,732,533

2004

Stillwater Central Railroad

$

4,675,250

2004

Wheeling & Lake Erie Railway

$

25,000,000

2004

Dakota Minnesota & Eastern Railroad

$

233,601,000

2003

Arkansas & Missouri Railroad

$

11,000,000

2003

Nashville and Western Railroad

$

2,300,000

2002

Amtrak

$

100,000,000

2002

Mount Hood Railroad

$

2,070,000

  • Contact us
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    Washington, DC 20590
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