Iowa Transportation Commission approves $5.5 million in funds for rail infrastructure

Written by jrood

The Iowa Transportation Commission approved more than $5.5 million in funding for nine rail infrastructure improvement projects under the Railroad Revolving Loan and Grant Program. The rail projects are expected to support the creation of 140 jobs within three years of completion and spur development of a number of industrial areas across the state. The proposed developments will leverage millions in new capital investments across the state. Following is the list of RRLG Program projects approved by the commission. • Butler [Logistics Park] cross dock (north of Shell Rock in Butler County) $423,621 loan, $282,000 grant. • Global Foods [Processing Inc.] rail spur (Sioux City) zero dollars in loan, $72,00 grant. • Waverly GMT [Corporation] rail spur (Waverly) $185,676 loan, $204,000 grant. • Burlington Junction Railway spur rehabilitation (Burlington) $157,948 loan, zero in grant. • Cherokee Industrial Corporation rail spur (Cherokee) $617,454 loan, zero in grant. • CRANDIC Iowa River crossing improvement Project (Iowa County) $2,000,000 loan, zero in grant. • Iowa River Railroad Inc. (Marshalltown to Ackley) $1,000,000 loan, zero in grant. • North Central Iowa Rail Corridor, LLC (Forest City to Belmond) $400,000 loan, zero in grant. • Valley Distribution Corporation rail spur (West Burlington) $218,652 loan, zero in grant. Totals are: $5,003,351 in loans, $558,000 in grants. The RRLG Program provides assistance to rail facilities that create jobs and spur economic development and provides assistance to railroads for the preservation and improvement of the rail transportation system.

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