$5.1 million awarded through Iowa’s Railroad Revolving Loan and Grant Program
DECORAH, Iowa – Oct. 8, 2024 – The Iowa Transportation Commission approved $5.1 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 55 jobs within three years of project completion.
Targeted Job Creation projects |
Loan |
Grant |
A-line EDS Rail Spur |
$1,249,000 |
$60,000 |
Appanoose Country Rail Extension |
$600,000 |
|
Rail Network Improvement projects |
Loan |
Grant |
BJRY Rail Yard and Transload |
$257,349 |
|
Heartland Co-op Greenfield Rail Loading Elevator |
$1,840,000 |
|
Reid Line Dexter Rail Yard Improvements |
$957,000 |
|
Rail Port Planning & Development projects |
Loan |
Grant |
Webster City Rail Port Planning and Development |
$100,000 |
|
Total Awarded Funding: |
$4,303,349 |
$760,000 |
For more information contact Jim Glaspie at 515-239-1066 or [email protected]