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[CNJRoss]

Progressive Railroading, 9/22/17:

 

Iowa commission OKs $2.6 million in rail project funding

 

The Iowa Transportation Commission earlier this month approved more than $2.6 million in funding for three rail infrastructure and related rail development projects under the state's Railroad Revolving Loan and Grant program.

The projects are expected to support the creation and retention of 105 jobs within the next three to five years. The proposed developments will leverage millions in new capital investments across Iowa, according to an Iowa Department of Transportation press release.

The projects receiving funding are:

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[CNJRoss]

Iowa DOT news release:
 

More than $2.6 million made available through Iowa’s Railroad Revolving Loan and Grant Program

 

AMES, Iowa – Sept. 19, 2017 – The Iowa Transportation Commission (Commission) approved more than $2.6 million in funding for three rail infrastructure and related rail development projects under the Railroad Revolving Loan and Grant (RRLG) Program. The projects are expected to support the creation and retention of 105 jobs within the next three to five years. The proposed developments will leverage millions in new capital investments across the state.

 

Following is the list of RRLG projects approved by the Commission. 

 

Targeted job creation projects                                   Loan                 Grant

 Sterilite Corporation Rail Spur                                     ----                  $1,008,000

 

 Pattison Sand CP Unit Train Expansion - Phase II       $700,482         $252,000

 

Rail network improvement projects

 

Re-establishment of Freight Service to Clear Lake        $655,000          ----

 

Total recommended funding                                       1,355,482          $1,260,000