Iowa DOT News Release



More than $3.1 million made available through Iowa’s Railroad Revolving Loan and Grant Program

Posted on: October 03, 2018

DECORAH, Iowa – Oct. 9, 2018 – Today the Iowa Transportation Commission approved more than $3.1 million in funding for five rail infrastructure and related rail development projects under Iowa’s Railroad Revolving Loan and Grant Program. The projects are expected to support the creation and retention of 136 jobs within three years of project completion. 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

Heartland Goodwill Enterprises

$462,456

$48,000

UP Rail Improvements at Quaker Oats

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$1,028,000

Pattison Sand Company

$271,732

$564,000

Rail network improvement projects

 

 

Farmers Feed and Grain Rail Improvement                                

$660,750

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KJRY Yard Enhancements

$151,925

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Total Recommended Funding:

$1,546,863

$1,640,000

For more information, contact: Laura Hutzell at 515-239-1066 or Laura.Hutzell@iowadot.us

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Iowa highway in the evening