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Railroad Rehabilitation & Improvement Financing

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 for financing the Cotton Belt Corridor Regional Rail Project.“This financing demonstrates the Department’s commitment to serving as a trustworthy partner to regional and local agencies, which are at...