Railroad Rehabilitation & Improvement Financing (RRIF)

The Fixing America’s Surface Transportation (FAST) Act was enacted on December 4, 2015. The FAST Act included substantive and procedural changes to the TIFIA and RRIF programs. The Department is working diligently to implement these changes. It is revising many program websites, guidance documents, and regulations. During the transition, TIFIA and RRIF remain open for applications. Potential applicants interested in the programs should proceed under existing program guidance.

Program Overview

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). 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. Not less than $7.0 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

Direct loans can fund up to 100% of a railroad project with repayment periods of up to 35 years and interest rates equal to the cost of borrowing to the government. 

Eligible borrowers include railroads, state and local governments, government-sponsored authorities and corporations, joint ventures that include at least one railroad, and limited option freight shippers who intend to construct a new rail connection.

Executed Loan Agreements

FISCAL YEAR

ORGANIZATION

AMOUNT

2018Massachusetts Bay Transportation Authority

220,000,000

2016

Amtrak2,450,000,000

2015

The Arkansas and Missouri Railroad Company

6,809,000

2015

Metropolitan Transportation Authority (New York)

967,100,000

2012

Alameda Corridor Transportation Authority

83,710,000

2012

Kansas City Southern Railway Company

54,648,000

2011

Northwestern Pacific Railroad Company and North Coast Railroad Authority

3,180,000

2011

Amtrak

562,900,000

2011

C&J Railroad

56,204

2010

Denver Union Station Project Authority

155,000,000

2010

Great Lakes Central Railroad

17,000,000

2009

Georgia & Florida Railways

8,100,000

2009

Permian Basin Railways, Inc

64,400,000

2009

Iowa Interstate Railroad

31,000,000

2007

Nashville and Eastern Railroad

4,000,000

2007

Nashville and Eastern Railroad

600,000

2007

Columbia Basin Railroad

3,000,000

2007

Great Western Railway

4,030,000

2007

Dakota Minnesota & Eastern Railroad

48,320,000

2007

Iowa Northern Railroad

25,500,000

2006

Virginia Railway Express

72,500,000

2006

RJ Corman Railway

11,768,274

2006

RJ Corman Railway

47,131,726

2006

Wheeling & Lake Erie Railway

14,000,000

2006

Iowa Interstate Railroad

9,350,000

2005

Great Smoky Mountains Railroad

7,500,000

2005

Riverport Railroad

5,514,774

2005

The Montreal Maine & Atlantic Railway

34,000,000

2005

Tex-Mex Railroad

50,000,000

2005

Iowa Interstate Railroad

32,732,533

2004

Stillwater Central Railroad

4,675,250

2004

Wheeling & Lake Erie Railway

25,000,000

2004

Dakota Minnesota & Eastern Railroad

233,601,000

2003

Arkansas & Missouri Railroad

11,000,000

2003

Nashville and Western Railroad

2,300,000

2002

Amtrak

100,000,000

2002

Mount Hood Railroad

2,070,000

Subtotal:5,372,496,761
Updated: Wednesday, February 21, 2018
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