Rail Revolving Loan and Grant Program   The Railroad Revolving Loan and Grant program (RRLGP) provides assistance to improve rail facilities that will spur economic development and job growth and provide assistance to railroads for the preservation and improvement of the rail transportation system. The program can provide assistance as either loans or grants, but grant funding is limited to 50% of the total funds available. Industries, railroads, local governments or economic development agencies may apply for financial assistance for projects such as: building rail spurs to a new or expanding development; building or rebuilding sidings to accommodate growth; purchasing or rehabilitating existing rail infrastructure; rehabilitating existing rail lines to increase capacity; or other rail related development. All applications are to be complete upon submission and should focus on project justification in terms of public benefits versus public costs. Public benefits can be described in terms of new job creation, transport costs, and capital investment. Public costs can be described in terms of the funding requested. Downloadable application forms for the Rail Loan and Grant Program (RRLGP):      RRLGP Application (Electronic application, Word d fillable form)      RRLGP Application (PDF/printable format)      Railroad Project Preliminary Cost Estimate (Word fillable form) The Railroad Revolving Loan and Grant program (RRLGP) was created by the 2005 Iowa Legislature. The program is administered by the Iowa Rail Finance Authority (IRFA) Board with staff assistance from the Iowa DOT. The program is funded by appropriations and the repayments from previous Iowa DOT and IRFA loans. Additional Information:      Rail Revolving Loan and Grant Program -- Administrative Rules For further program information or questions, please contact: Rose Wazny at 515-239-1066   Recent Awards Iowa Railway Finance Authority approves loans for flood-damaged railroads on July 31, 2008 Iowa Rail Finance Authority approved project funding on October 24, 2007 for eleven projects. Iowa Rail Finance Authority approved project funding on June 26, 2006 for fourteen projects. Iowa Rail Finance Authority approved project funding on December 14, 2006 for six projects. Summary of project funding FY2006 to present The Funding Guide provides information on this and a variety of other funding programs available for transportation projects.