U.S. Department of Transportation Announces $31.4 Million Loan to Upgrade Critical Rail Lines in California
Monday, January 29, 2024
New and Improved Rail Infrastructure Will Enhance Safety and Supply Chain for the Region
WASHINGTON – The U.S. Department of Transportation (DOT) today announced that its Build America Bureau (Bureau) provided a $31.4 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the Sierra Northern Railway (SNR) and Mendocino Railway (MRY) to expand and rehabilitate rail infrastructure in the Central Valley and Mendocino County, California. By providing RRIF and Transportation Infrastructure Finance and Innovation Act (TIFIA) loans, the Bureau helps communities expedite infrastructure projects and reduce project costs.
https://www.transportation.gov/briefing-room/us-department-transportation-announces-314-million-loan-upgrade-critical-rail-lines