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Posts Tagged ‘RRIF’

Railroad Financing: Changes to the Railroad Rehabilitation and Improvement Financing Program

Friday, July 22nd, 2016
Figure 1: Number and Dollar Amount of Railroad Rehabilitation and Improvement Financing Program Loans Approved, Fiscal Years 1998 through 2015, by Loan Type

Financing the various rail infrastructure projects will be challenging. Congress has not funded the Federal Railroad Administration’s (FRA) High-Speed Intercity Passenger Rail program—a program used to fund passenger rail projects—since fiscal year 2010 and appropriations to Amtrak have remained relatively steady at about $1.4 billion over the last 5 years. One potential source of funding is FRA’s Railroad Rehabilitation and Improvement Financing (RRIF) program, which is a $35 billion loan and loan guarantee program to finance, among other things, freight and passenger rail facilities. Since program inception in 1998 about $2.7 billion in loans have been executed, and no loan guarantees have been made.

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Posted in Funding, Infra Views, National, Policy, Rail

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Innovative Financing Is No Substitute for New Funding

Monday, April 19th, 2010

Hoping to sustain interest in the Committee’s efforts to enact a new multi-year transportation bill during this session of Congress, Reps. James Oberstar (D-MN) and Peter DeFazio (D-OR), leaders of the House Transportation and Infrastructure Committee, convened a hearing on April 14 to explore innovative ways of financing highway and transit investments. But while the hearing provided a useful survey of available financing tools and programs, it produced no new answers to the key question that has bedeviled transportation advocates for many months and remains as the chief obstacle to moving the legislation forward— the question of how to pay for the proposed multi-year surface transportation program.

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