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OCR for page 97
Current Federal Funding
and Financing Programs
for Freight Improvements
5-21
OCR for page 98
Identifying Freight Resources 5-23
Table 5.6. Current federal funding and financing programs for freight improvements.
Current Federal
Programs Current Eligibility Impediments
Section 130 Rail- Rail-highway grade crossings; improvements Safety-oriented, not for capacity
Highway Grade normally involve public and private funding improvements
Crossing Program
National Highway Funds projects on designated highway Connectors are normally lower
System (NHS) intermodal connectors to intermodal facilities priority on NHS system and there
is no eligibility for rail
improvements
Surface Transportation Funds projects on any federal-aid highway, Cannot fund freight rail other than
Program (STP) bridge projects on any public road, transit highway grade crossings
capital projects, and other state or local
projects
Interstate Maintenance Provides funding for resurfacing, restoring, Cannot fund non-highway
(IM) rehabilitating and reconstructing most routes improvements
on the Interstate Highway System
Transportation Supports non-traditional transportation- Limited funding available (10
Enhancements related improvements percent set-aside of STP funds)
Rail Relocation Grants Funds local rail line relocation and Grants only available to states;
improvement projects limited funding available
Truck Parking Funds projects that improve long-term Improvements to facilities not on
Facilities parking for commercial vehicles on the NHS the NHS are not eligible
CMAQ Can fund any transport project that improves Air quality-oriented, not for
air quality capacity improvements
TIFIA Provides loans and credit assistance for major Current project minimum
transportation investments of national or $50 million; $15 million for ITS
regional significance projects
RRIF Provides loans and credit assistance to both Limited funding available;
public and private sponsors of rail and percentage targeted to short-line
intermodal projects railroads
SIBs Allows states to establish infrastructure Must be funded by states using
revolving funds that can be capitalized with federal transportation funds
federal transportation funds
Private Activity Bonds Allows the issuance of tax-exempt private Limited bonding authority (capped
activity bonds for highway and freight at $15 billion)
transfer facilities
Grant Anticipation Allows states to issue tax-exempt debt backed States must commit future
Revenue Vehicle by future federal-aid highway revenues highway revenues to back bonds
(GARVEE) Bonds
Coordinated Border Funds projects in border states that improve Limited eligibility for rail; highway
Infrastructure Program cross-border flow needs dominate
(continued on next page)
OCR for page 99
5-24 Guidebook for Freight Policy, Planning, and Programming in Small- and Medium-Sized Metropolitan Areas
Table 5.6. (Continued).
Current Federal
Programs Current Eligibility Impediments
FAA Funds construction activities at large cargo or Primarily focused on on-airport
Airport Improvement commercial airports improvements; limited eligibility
Program for access improvements
USACE Funds improvements to operations and Funds subject to appropriations
Harbor Maintenance maintenance of channels used for commercial
navigation
Department of Funds projects that allow distressed Freight projects must have ability
Commerce communities to attract or retain jobs to create or retain jobs
Economic
Development
Administration Grants
FTA Funds capital improvements on fixed Focused on commuter rail systems
Rail Modernization guideway systems (some of which also carry freight,
some of which do not)
Special Earmarks Freight-specific projects occasionally Normally focused on large
earmarked by Congress highway projects
Table 5.7. Examples of state funding programs for freight improvements.
Current Programs Description
NYSDOT Multimodal Reimbursement funding for authorized rail, port, airport, and state and local
Program highway and bridge projects
NYSDOT Industrial Provided funding for road, bridge, and rail access improvements to new or
Access Program existing development sites
New Hampshire DOT Dedicated to the maintenance, repair, and improvement of state-owned railroad
(NHDOT) Special lines and is financed through revenue generated by the leasing of railroad lines
Railroad Fund and other fees from property agreements
NHDOT Revolving Provides funding to railroad projects on short-line and cog railroads and aims to
Loan Fund support the acquisition of railroad property and improvements to lines that will
maintain the viability of railroad system. The revolving fund is supported
through capital budget appropriations.
Maine DOT Industrial Provides funds to projects that encourage economic development and employ-
Rail Access Program ment growth, preserve essential rail service, enhance intermodal transportation,
and preserve rail corridors for future transportation uses. The program is funded
through revenue from General Fund bonds and provides up to 50 percent of the
estimated project cost.
