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United States Department of Transportation United States Department of Transportation

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. 

Please find more information about the forthcoming Notice of Funding Opportunity (NOFO) here


Program Benefits:

  • DOT pays Credit Risk Premium (up to 10% loan value)
  • Expedited Processing
  • Advisory fee assistance
  • Up to 35 year term
  • 1.61% Interest Rate (as of 11/10/2020)

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


Railroad bridge maintenance


Last updated: Tuesday, November 10, 2020