Iowa DOT News Release



More than $2.6 million made available through Iowa’s Railroad Revolving Loan and Grant Program

Posted on: September 19, 2017

AMES, Iowa – Sept. 19, 2017 – The Iowa Transportation Commission (Commission) approved more than $2.6 million in funding for three 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 105 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

   Sterilite Corporation Rail Spur

                  ----

         $1,008,000

   Pattison Sand CP Unit Train Expansion - Phase II

         $700,482

            $252,000

Rail network improvement projects

 

 

   Re-establishment of Freight Service to Clear  
   Lake                                

         $655,000

                     ----

Total recommended funding

       $1,355,482

        $1,260,000

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

 


Iowa highway in the evening