Jun 11, 201212:44 PMDaily Biz Briefs
State funds available for freight rail projects
The Washington State Department of Transportation is accepting applications to receive funding for freight rail projects that create family-wage jobs and demonstrate the economic and environmental advantages of freight rail.
Railroads, port districts, rail districts, private companies and local governments are eligible to apply for part of nearly $8 million in grants and loans available through the Freight Rail Assistance Program and the Freight Rail Investment Bank.
Selected projects will improve freight mobility, help ease congestion on busy highways, reduce wear and tear on state roads, and strengthen the state’s economy through domestic and international trade.
Applications and additional information are available at www.wsdot.wa.gov/Freight/Rail/GrantandLoanPrograms. Applications are due July 31.