DOT approves $3.9 million for Iowa’s Railroad Revolving Loan and Grant Program
Author
Published
10/8/2019
The Iowa Transportation Commission approved $3.9 million in funding for four rail infrastructure and related rail development projects under the Railroad Revolving Loan and Grant Program. The projects are expected to support the creation and retention of 208 jobs within three years of project completion.
Following is the list of RRLG projects approved by the Commission.
Targeted job creation projects | Loan | Grant |
Trinity Rail (Butler County) | ---- | $2,130,973 |
Agri Trading (Woodbury County) | $1,297,027 | $360,000 |
Rail Port Development Study |
|
|
Ottumwa/BJRY Rail Port Relocation Study | ---- | $80,000 |
Sioux City 27 Flags Study | ---- | $32,000 |
Total Awarded Funding: | $1,297,027 | $2,602,973 |
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