Applications are now being accepted for state-funded grants and loans for freight rail improvement projects in Washington. Funds will be available in July 2016.
Railroads, port districts, rail districts, private companies and local governments are eligible to apply for part of nearly $2 million in grants and loans available through two programs. Both programs are administered through the Washington State Department of Transportation to help freight rail projects that create family-wage jobs as well as improve overall freight mobility.
The Freight Rail Investment Bank provides loans to small public projects. The investment bank has $876,000 available in loans. The Freight Rail Assistance Program provides grants to both public and private projects, specifically projects strategically important to the local community and state. This program has $970,000 available for grants from the Connecting Washington revenue package passed by the state Legislature.
Projects selected will reduce greenhouse gas emissions, ease congestion on busy highways, reduce wear and tear on state roads and strengthen the state’s economy through domestic and international trade.
Applications and additional information are available at the grant and loan program website. Applications are due Oct.9.