Iowa DOT News Release



More than $1.29 million made available through Iowa’s Railroad Revolving Loan and Grant Program

Posted on: November 10, 2015

Ames, Iowa – Nov. 10, 2015 – The Iowa Transportation Commission (Commission) approved more than $1.29 million in funding for five 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 78 jobs within the next three years, increase rail shipping capacity, support spur and transload development at two industrial sites, and upgrade infrastructure at an existing rail yard. 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

 

Boone Scenic Valley Industrial Park Line Phase I            

$316,050

$240,000

 

Iowa Traction Transload

$35,792

$59,653

 

A to Z Rail Enhancement

$200,000

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Rail network improvement projects

 

 

 

ADM “S” Curve

$165,600

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KJRY Yard Enhancements II

$280,285

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Total recommended funding

$997,727

$299,653

 


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For more information, contact: Laura Hutzell at 515-239-1066 or 
Laura.Hutzell@dot.iowa.gov


Iowa highway in the evening