The Iowa Transportation Commission has approved $7.5 million in funding for four rail infrastructure improvement projects that are expected to support the creation and retention of over 750 jobs and leverage millions in new capital investment, including nearly $10 million in rail construction.
During the 2010 legislative session, the Iowa General Assembly appropriated $7.5 million to the Iowa Department of Transportation to be used for grants for rail projects, including wind energy rail port projects, which provide assistance consistent with the purposes of the Railroad Revolving Loan and Grant Fund.
Wind Energy Supply Chain Industrial Park in Iowa City will receive approximately $1 million. Southbridge Rail Yard in Sioux City and Manly Terminal Wind Rail Port in Worth County will each receive $3 million. The Lincoln Way Rail Port in Clinton will receive approximately $443,000.
SOURCE: Iowa Transportation Commission
