Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO
    • Top 5 Equity Index Funds With up to 195% SIP Return in 6 Months: Rs 25,000 monthly investment in No.1 defence fund has skyrocketed to Rs 2,06,245
    • Allstate Corporation Digital Transformation Strategy Analysis Report 2025
    • Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News
    • Capri Global Capital annonce que Quant Mutual Fund augmente sa participation dans la société à 5,96 %
    • Yilgarn Iron Investments Pty Ltd finalise l’acquisition du complexe Yilgarn Hub Iron Ore auprès de Mineral Resources Limited
    • Rs 6,000 SIP Vs Rs 6,00,000 Lump Sum: Which can generate a higher corpus in 30 years?
    • Jio BlackRock Mutual Fund makes debut with three debt scheme launches
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Rail projects in Alaska, South Dakota, Wyoming receive federal funds
    Funds

    Rail projects in Alaska, South Dakota, Wyoming receive federal funds

    October 16, 2024


    Logo for Federal Railroad AdministrationWASHINGTON — Nine projects in Alaska, South Dakota, and Wyoming have received more than $108 million in federal funding under a program for states that do not have Amtrak passenger service or are not connected to the national rail network.

    Six of the projects are in South Dakota, two are in Alaska and one is in Wyoming. They are funded under the Federal Railroad Administration’s Special Transportation Circumstances Grant Program.

    “No matter where you live in this country, rail systems play a critical role in getting people and goods where they need to go, and the STC grants ensure that no state is left behind when it comes to the development of a robust freight rail transportation system,” FRA Administrator Amit Bose said in a press release. “From funding upgrades to rail infrastructure resiliency and capacity to improving safety features at highway-rail grade crossings, these grants will strengthen American businesses and supply chains while making rail operations even safer.”

    Except as noted, railroads or local governmental agencies must provide a 20% non-federal match to the FRA funding.\

    Projects selected are:

    In Alaska, for the Alaska Railroad:

    — Up to $11.6 million for terminal track rehabilitation in Seward and Fairbanks. At both locations, 70-pound rail will be replaced with heavier rail, wood ties will be replaced with steel ties, and the tracks involved will be ballasted and resurfaced; in Fairbanks, new turnouts will also be installed.

    — Up to $4 million for the acquisition of approximately 20 new flat cars to be used for both intermodal and manifest freight service.

    In South Dakota:

    — For the Dakota Minnesota Valley & Western Railroad, up to $17.6 million for rehabilitation of the Britton Line. The work will include 9.2 miles of installing 115-pound jointed rail; installation of approximately 27,250 ties, 58,800 tons of ballast, skew tie correction, and surfacing; environmental review, design, and construction to replace four switches and install four new concrete crossings.

    — For the Rapid City, Pierre & Eastern Railroad, up to $14.06 million for the Upper Black Hills Corridor Upgrade Project. This will involve upgrading approximately 16.13 miles of rail, replacement or improvement of 34 structures, new turnouts, surfacing, ballast shoulder profiling, and grade-crossing improvements, allowing the project area to handle 286,000-pound standard railcars. The RCP&E will provide a 30% non-federal match.

    — For the D&I Railroad, up to $9.96 million for a main line rail relay project. The project involves replacing 12 miles of jointed rail with 115-pound welded rail, replacement of ties and ballast as needed, and improvements at 17 grade crossings.

    — For the Ringneck & Western Railroad, up to $8.3 million for grade crossing stabilization and repair. The project will include approximately 31,600 ties, 17,000 tons of ballast, 44.5 miles of surfacing, and replacement of culverts or bridge work at five locations.

    — For the Sisseton Milbank Railroad, up to $3.24 million for culvert rehabilitation, along with replacement of about 3,500 ties at the culvert locations.

    — For the Belle Fourche Industrial and Rail Park, up to $963,440 for a track inspection project. The project includes 2,695 feet of new track construction, 110 feet of track alignment, and installation of a new turnout. The track realignment will allow direct unloading from railcars to trucks on both sides of each track. Gravel laydown areas will also be constructed to facilitate loading, unloading, and temporary storage.

    In Wyoming:

    — For BNSF Railway and the Wyoming Department of Transportation, up to $38.7 million for a grade separation project at College Drive/State Route 212 in Cheyenne. The bridge will be built to meet BNSF clearance requirements and to allow for future track construction, and will eliminate a grade crossing that requires traffic to stop in a 50-mph zone.

    Additional details on the projects are available here.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Les Fonds Lysander lancent de nouveaux fonds d’actions canadiennes

    June 27, 2025

    Auris Gestion dévoile un fonds investissant majoritairement dans la BITD européenne

    June 27, 2025

    Assurance vie : ce fonds d’infrastructures Swiss Life rencontre un franc succès

    June 25, 2025
    Leave A Reply Cancel Reply

    Top Posts

    SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO

    July 1, 2025

    Qu’est-ce qu’un green bond ?

    December 7, 2017

    les cat’ bonds deviennent incontournables

    September 5, 2018

    Quel est le rôle du service des impôts des particuliers (SIP) ?

    May 7, 2020
    Don't Miss
    Mutual Funds

    SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO

    July 1, 2025

    SBI Mutual Fund, India’s leading asset management company, today announced the launch of SBIMF SmartAssist,…

    Top 5 Equity Index Funds With up to 195% SIP Return in 6 Months: Rs 25,000 monthly investment in No.1 defence fund has skyrocketed to Rs 2,06,245

    July 1, 2025

    Allstate Corporation Digital Transformation Strategy Analysis Report 2025

    July 1, 2025

    Best SIP mutual funds: Top 10 schemes with up to 27% annualised returns — ₹10,000 monthly SIP grows to ₹49 lakh in 10 years – Money News

    June 30, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    How to Access Mutual Funds and Stocks in DigiLocker?

    April 10, 2025

    ChatGPT picks 2 defensive ETFs to buy in June

    May 28, 2025

    Best large & mid cap funds to invest in March 2025

    March 10, 2025
    Our Picks

    SBI mutual fund launches AI-powered ‘SmartAssist’ on whatsApp, ET CIO

    July 1, 2025

    Top 5 Equity Index Funds With up to 195% SIP Return in 6 Months: Rs 25,000 monthly investment in No.1 defence fund has skyrocketed to Rs 2,06,245

    July 1, 2025

    Allstate Corporation Digital Transformation Strategy Analysis Report 2025

    July 1, 2025
    Most Popular

    ₹10,000 monthly SIP in this debt mutual fund has grown to over ₹70 lakh in 23 years

    June 13, 2025

    ₹1 lakh investment in these 2 ELSS mutual funds at launch would have grown to over ₹5 lakh. Check details

    April 25, 2025

    ZIG, BUZZ, NANC, and KRUZ

    October 11, 2024
    © 2025 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.