Alternative Funding and Financing Mechanisms for Passenger and Freight Rail Projects (2015) / Chapter Skim
Currently Skimming:
Pages 114-124
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 114... ...
114 A P P E N D I X A U.S. Federal Rail Funding and Financing Programs
|
From page 115... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share Community Facili
es Loans and Grants The US Department of Agriculture offers loans, loan guarantees, and grants under its "Community Facili
es Loans and Grants" program to develop essen
al facili
es in rural communi
es, including health, educa
on, transporta
on, and recrea
onal facili
es. Municipali
es, coun
es, and special-purpose districts, non-profit corpora
ons, and tribal governments.
|
From page 116... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share Economic Development Administra
on Investment Programs The Economic Development Administra
on of the Department of Commerce administers two project grants programs: Grants to Public Works and Economic Development Facili
es and Economic Adjustment Assistance, intended, respec
vely, to (1) promote longterm economic development in areas experiencing substan
al economic distress and (2)
|
From page 117... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share Projects of Na
onal and Regional Significance (PNRS) PNSR was created as part of SAFETEA-LU to provide grant funds for high-cost projects of na
onal or regional significance.
|
From page 118... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share Rail Line Reloca
on & Improvement Capital Grant Program (RLR) The congress authorized the RLR in 2005 as part of SAFETEA-LU to assist state and local governments in mi
ga
ng the adverse effects created by the presence of rail infrastructure.
|
From page 119... ...
b Originally designed specifically to cater to smaller freight railroads (Class II and Class III)
|
From page 120... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share Railroad Track Maintenance Tax Credit (45G Tax Credit) c The American Jobs Crea
on Act of 2004 provides for tax credit amounts to 50% of qualified railroad track maintenance expenditures (e.g., the cost to improve track, bridges, and signals, paid or incurred by Class II or Class III railroad during the taxable year, in order to help regional and short-line railroads fund their infrastructure projects)
|
From page 121... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share State of Good Repair Grants MAP-21 establishes a new grant program to maintain public transporta
on systems in a state of good repair. This program replaces the fixed-guideway moderniza
on program.
|
From page 122... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share TIGER Grants The Transporta
on Investment Genera
ng Economic Recovery (TIGER) Discre
onary Grant program provides investment funds to facilitate road, rail, transit, and port projects that have a significant impact on the na
on, a region, or a metropolitan area.
|
From page 123... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share TransitOriented Development Planning Pilot MAP-21 allocates new discre
onary grant funding for this pilot. Eligible ac
vi
es include comprehensive planning in corridors with new rail, BRT, or core capacity projects.
|
From page 124... ...
Funding Program Name Descrip
on Eligible Recipients Type of support Eligible Costs Covered Federal Share Transporta
on Infrastructure Finance and Innova
on Act (TIFIA) TIFIA is a federal credit assistance program that (1)
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.