USA Banner

Official US Government Icon

Official websites use .gov
A .gov website belongs to an official government organization in the United States.

Secure Site Icon

Secure .gov websites use HTTPS
A lock ( ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

RRIF

Applying to RRIF

The RRIF statute establishes a multi-step process for RRIF credit assistance beginning with the submission of a Letter of Interest (LOI). However, all prospective RRIF borrowers are highly encouraged to schedule an Initial Consultation with the Bureau before beginning to develop their LOI...

RRIF Credit Risk Premium (CRP) Cohort Definition

As required by the Continuing Appropriations Act, 2019, and the Save Our Seas Act of 2018, the Department of Transportation, in consultation with the Office of Management and Budget, has defined the term "cohorts of loans" as applicable to RRIF loans executed prior to the enactment of the...

Railroad Rehabilitation and Improvement Financing (RRIF)

Why RRIF? Low interest rate  Interest does not accrue until proceeds are drawn  Flexible amortization  Up to 35 year repayment period  Deferrable for 5 years after substantial project completion No pre-payment penalty Program Overview

...

Federal Reports and Notices

Notices

Railroad Rehabilitation and Improvement Financing Program and Transportation Infrastructure Finance and Innovation Act Program Regulations

Final Rule effective June 24, 2024

The Bureau, in response to feedback from borrowers and potential applicants, as well as...