Railroad Rehabilitation And Improvement Financing
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The Railroad Rehabilitation and Improvement Financing (RRIF) program is a program established in the United States by the passage of the
Transportation Equity Act for the 21st Century The United States federal Transportation Equity Act for the 21st Century (TEA-21) is a federal transportation bill enacted June 9, 1998, as and . TEA-21 authorized federal surface transportation programs for highways, highway safety, and transit ...
(TEA-21). Under the RRIF program, funds can be made available for the development or improvement of railroad infrastructure. The
Federal Railroad Administration The Federal Railroad Administration (FRA) is an agency in the United States Department of Transportation (DOT). The agency was created by the Department of Transportation Act of 1966. The purpose of the FRA is to promulgate and enforce rail saf ...
can provide direct loans or loan guarantees of amounts up to $3.5 billion to state or local governments, railroads, government sponsored companies, or railroad joint ventures.


References

United States railroad regulation {{NorthAm-rail-transport-stub