Iowa DOT News Release



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

Posted on: July 12, 2016

AMES, Iowa – July 12, 2016 – The Iowa Transportation Commission today approved more than $4.6 million in funding for 11 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 333 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

Farmer’s Energy Cardinal Rail Spur

$350,000

$576,000

Barilla America Rail Expansion

----

$156,000

Pattison Sand CP Unit Train Expansion

$600,000

$500,000

Hydrate Chemical Rail Spur

----

$24,000

Progressive Rail – Rail Line Rehabilitation

$417,862

$278,574

Rail network improvement projects

 

 

BJRY Le Mars Transload Track                                

$156,936

----

Crossroads Cold Storage

$385,000

----

Oelwein Track Rehabilitation

$493,775

----

Eastern Iowa Logistics Park

$500,000

----

KJRY Yard Enhancements Phase III

$200,157

----

Rail port planning and development studies

 

Council Bluffs Transload Study                                

----

$56,320

Total recommended funding

$3,103,730

$1,590,894


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

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Iowa highway in the evening