Federal Railroad Administration:

Railroad Rehabilitation and Improvement Financing Program--Revisions

OGC-00-42: Published: Jul 18, 2000. Publicly Released: Jul 18, 2000.

Multimedia:

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a legislative requirement, GAO reviewed the Federal Railroad Administration's (FRA) new rule on financing railroad rehabilitation. GAO noted that: (1) the final rule would implement the Railroad Rehabilitation and Improvement Financing Program to provide direct loans and loan guarantees to state and local governments, government-sponsored authorities and corporations, railroads, and joint ventures that include at least one railroad; (2) the aggregate unpaid principal amounts of direct loans and loan guarantees made under this program cannot exceed $3.5 billion at any one time and not less than $1 billion is to be available solely for projects benefiting freight railroads other than Class I carriers; and (3) FRA complied with applicable requirements in promulgating the rule.

Jun 29, 2015

Jun 16, 2015

Jun 9, 2015

May 20, 2015

May 18, 2015

Apr 23, 2015

Apr 21, 2015

Apr 14, 2015

Mar 24, 2015

Mar 6, 2015

Looking for more? Browse all our products here