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Build America Transportation Investment Center (BATIC) Institute: An AASHTO Center for Excellence
Build America Transportation Investment Center (BATIC) Institute: An AASHTO Center for Excellence

Financing

Federal Credit Assistance

Railroad Rehabilitation and Improvement Financing Program

The Railroad Rehabilitation and Improvement Financing (RRIF) program provides direct Federal loans and loan guarantees to finance development of railroad infrastructure is intended to make funding available through loans and loan guarantees for railroad capital improvements. The RRIF program was established by the Transportation Equity Act for the 21st Century (TEA-21) and amended by the Safe Accountable, Flexible and Efficient Transportation Equity Act: a Legacy for Users (SAFETEA-LU). The program was most recently amended by the Fixing America's Surface Transportation (FAST) Act, and USDOT is working to implement the changes.

Under this program the FRA Administrator is authorized to provide direct loans and loan guarantees up to $35.0 billion to finance development of railroad infrastructure. Up to $7 billion is reserved for projects benefiting freight railroads other than Class I carriers.

The funding may be used to:

  • Acquire, improve, or rehabilitate intermodal or rail equipment or facilities, including track, components of track, bridges, yards, buildings and shops;
  • Refinance outstanding debt incurred for the purposes listed above; and
  • Develop or establish new intermodal or railroad facilities

Additional Information

Further information on the RRIF Program is available from the Federal Railroad Administration.