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$6.2 Million Awarded Through Iowa’s Railroad Revolving Loan and Grant Program

KWBG 10/12/21

AMES, Iowa—The Iowa Transportation Commission approved $6.2 million in funding for seven 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 285 jobs within three years of project completion.

Following is the list of RRLG projects approved by the Commission.  Note under the Railway Network Improvement Projects, the Boone and Scenic Valley Railroad was successful in garnering loan dollars to help with the expansion and upgrading of their rail line.

Targeted Job Creation projects Loan Grant
Clinton Connecting Track, Wabash Cannonball, LLC —– $550,000
Charles City Terminal, Charles City Rail Terminal, LLC $900,000 $240,000
Project Peony, City of Sioux City —– $2,000,000
CP Unit Train Expansion, Pattison Sand Company $200,000 $180,000
Rail Network Improvement projects Loan Grant
Railport Expansion and upgrades, Ten D/Merchants Distribution Service $1,500,000 —–
RR Expansion and upgrade, Boone & Scenic Valley Railroad $551,112 —–
Rail Port Planning & Development projects Loan Grant
Oskaloosa Industrial Park Transload Facility, Mahaska Chamber and Development Group —– $76,500
Total Awarded Funding: $3,151,112 $3,145,600

 

 

(contributed press release, Iowa DOT)

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