Obama pushes to activate railroad-loan program

10/4/2010 | Journal of Commerce, The

A federal program that offers loans for railroad-track work is flush with some $34 billion, and the Obama administration is paving the way for greater use of the funds. Loans will be subject to new rules, however; projects will be increasingly required to meet the administration's policy goals such as curbing emissions, aiding economic development or encouraging exports. So far, the Railroad Rehabilitation and Improvement Financing program has issued about $1 billion in loans.

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