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United States Department of Transportation United States Department of Transportation

Rail

The Build America Bureau has worked with many railroads, State DOTs, and other project sponsors to deliver new infrastructure and improve freight and passenger rail infrastructure across the country. Whether you're thinking about technical assistance or financing instruments, if you've got a railroad project in mind, reach out to us today!

And, if your project involves a Class II or III Short Line or Regional Railroad, you'll want to learn more about our RRIF Express program, featuring an expedited path forward and waiver of the Credit Risk Premium and fees associated with the application process.

Eligible Project Sponsors:

  • Private railroads
  • State Infrastructure Banks
  • State DOTs
  • Special authorities
  • Economic Development Agencies
  • Transportation Improvement Districts

Eligible Projects:

  • New routes 
  • Positive Train Control
  • Rolling stock
  • Rail upgrades
  • Stations
  • Intermodal facilities
  • Transit Oriented Development

Credit Products for Rail Projects

TIFIA:

  • Can finance up to 33% of eligible project costs
  • Requires dedicated revenue stream
  • Flexible amortization, up to 35 years
  • Repayment can be deferred for 5 years
  • No pre-payment penalty

RRIF:

  • Can finance up to 80% of eligible rail project costs
  • Requires borrower to pay Credit Risk Premium
  • Requires dedicated revenue stream
  • Flexible amortization, up to 35 years
  • Repayment can be deferred for 5 years
  • No pre-payment penalty
Last updated: Friday, April 3, 2020