Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
Legislation has been introduced that could help short line railroad companies and passenger lines with their infrastructure projects.
The Railroad Rehabilitation and Financing Innovation Act was introduced in the U.S. Senate that would improve the Railroad Rehabilitation and Improvement Financing (RRIF) loan program. The measure will provide dedicated funding for RRIF funding costs (half going to short line and the remaining going to passenger), streamline the application process, and allows the program to provide longer loan terms for some infrastructure projects while changing the way the U.S. DOT evaluates collateral and creditworthiness.
The RRIF loan program was created 20 years ago, but according to the American Short Line and Regional Railroad Association only one loan has been approved over the last eight years because of the expense, uncertainty and the time commitment involved in the loan request.
This article first appeared on www.rtands.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.