RRIF
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U.S. Department of Transportation Announces $908 Million Loan to Finance the Cotton Belt Corridor Regional Rail Project
WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the Bureau) will provide the Dallas Area Rapid Transit (DART) System a $908 million Railroad Rehabilitation & Improvement Financing (RRIF) direct loan...
Federal Railroad Administration Issues $967.1 Million MTA Loan to Finance Critical Safety Upgrades to the Nation’s Largest Commuter Railroads
WASHINGTON – The Federal Railroad Administration (FRA) today closed on a $967.1 million Railroad Rehabilitation and Improvement Financing (RRIF) loan with New York City’s Metropolitan Transportation Authority (MTA) in order to facilitate the deployment of Positive Train Control (PTC) on both the...
Credit Oversight and Risk Management
The U.S. Department of Transportation (DOT) administers several credit programs to support transportation infrastructure investment and innovation.
U.S. Transportation Secretary LaHood Announces $54.6 Million Loan for Kansas City Southern Railway for 30 U.S.-Made Locomotives
WASHINGTON – U.S. Transportation Secretary Ray LaHood today announced a $54.6 million loan to Kansas City Southern Railway Company (KCSR) for the purchase of 30 new General Electric ES44AC locomotives.