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Current Federal Funding and Financing Programs for Freight Improvements 5-21
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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)
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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.