RRIF Express

Expedited, Low-Cost Loans for Short Line & Regional Railroads

RRIF Express aims to reduce the time and costs associated with securing loans to modernize aging freight rail infrastructure. 

View the current Notice of Funding Opportunity (NOFO)

Program Benefits:

• DOT pays Credit Risk Premium (up to 10% loan value)
• Expedited Processing
• Advisory fee assistance
• Up to 35 year term

Eligible Borrowers

• Class II & III Railroads
• Commuter Railroads
• Joint Ventures

Eligible Projects

• Total project cost up to $150m
• Track improvement
• Bridge rehabilitation
• Rolling stock acquisition
• Planning and design
• Refinancing otherwise eligible debt (up to 75%)

Got questions? We're happy to answer them:

Will Resch
Project Development Lead
Will.Resch@dot.gov
202-366-2300