The U.S. Department of Transportation (DOT) is expanding a loan program aimed at providing long-term, low-cost loans to short line and regional railroads.
The changes will expand the eligibility requirements for the Railroad Rehabilitation and Improvement Financing Express program, or RRIF Express. The pilot loan program seeks to reduce the time and costs associated with securing loans for projects that aim to modernize aging freight and commuter rail infrastructure.
“Expanding this financing...
https://s29755.pcdn.co/news/us-dot-revamps-loan-program-for-short-line-railroads