On May 14, the Federal Railroad Administration (FRA) posted a reminder that Buy America, a domestic preference law, applies to the Railroad Rehabilitation and Improvement Financing (RRIF) program. FRA posted the reminder because many potential RRIF loan and loan guarantee applicants are short line and regional freight railroads and may not be familiar with Buy America requirements.
The RRIF program was established in 1998 under the Transportation Equity Act for the 21st Century of 1998 (TEA-21), with subsequent changes to the program coming in the Safe, Accountable ...
Last week I attended an invitation only round table organized by Karen Hedlund, Deputy Administrator for the Federal Railroad Administration. The round table was held in conjunction with the High Speed Rail Conference held at LA Metro's headquarters in Los Angeles, California. With the House T&I Committee expected to begin marking up a rail bill, Ms. Hedlund sought ideas about how to expand the Railroad Rehabilitation Improvement Financing credit program to be a more useful source of low cost debt capital for commuter rail projects. Around for a number of years, RRIF has been ...
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