Iowa DOT News Release



More than $4.6 million made available through Iowa’s Railroad Revolving Loan and Grant Program

Posted on: October 14, 2014

SIOUX CENTER, Iowa – Oct. 14,  2014 – The Iowa Transportation Commission (Commission) approved more than $4.6 million in funding for six 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 73 jobs within the next three years; increase rail shipping capacity at an agricultural co-op; spur development at two industrial areas; upgrade infrastructure at an existing rail yard; and support planning of an industrial area served by rail. 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

West Charles Street Viaduct            

$196,294.50

$327,157.50

Rail network improvement projects

 

 

Five Star Coop Rail Improvements                                

$500,000

0

Iowa Crossroads of Global Innovation

$1,600,000

0

Des Moines Rail Port

$1,700,000

0

KJRY Track Enhancements   

$228,800

0

Planning study grants

 

 

Sioux Center Rail Port Study 

0

$100,000

Total recommended funding

$4,225,094.50

$427,157.50

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For more information, contact: Tammy Nicholson at 515-239-1052 or 
tamara.nicholson@dot.iowa.gov


Iowa highway in the evening