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Iowa DOT News

$6.3 million awarded through Iowa’s Railroad Revolving Loan and Grant Program

Posted on: October 11, 2022

AMES, Iowa – October 11, 2022– The Iowa Transportation Commission approved $6.3 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 109 jobs within three years of project completion.

Following is the list of RRLG projects approved by the Commission.

Targeted Job Creation projects	Loan	Grant
Alta, Iowa, Soybean Crush Plant (Buena Vista County)	$2,000,000	$612,000
Floyd Valley Transload (Woodbury County)	$664,800	$120,000
IceCap Cold Storage (Pottawattamie County)	$503,315	$576,000
Rail Network Improvement projects	Loan	Grant
CP Unit Train Expansion Phase 5 (Clayton County)	$1,650,000	-----
Rail Port Planning & Development projects	Loan	Grant
Booneville North Transload Facility (Dallas County)	-----	$100,000
Pacific Junction South Industrial Park Transload Facility (Mills County)	-----	$82,440
Total Awarded Funding:	$4,818,115	$1,490,440

For more information, contact: Ed Engle at 515-239-1058 or [email protected]

Posted by Iowa DOT at 12:09:44 PM in Public Meetings, Statewide Interest, Transportation Commission

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$6.3 million awarded through Iowa’s Railroad Revolving Loan and Grant Program

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