FINAL 2012-15 STIP

Rail User and Rail Carrier Loan Guarantee ProgramAssists rail users in obtaining loans for rail rehabilitation andcapital improvements by guaranteeing up to 90 percent of theloan. The 1994 Legislature further amended the statute,recreating the program as the Rail User and Rail Carrier LoanGuarantee Program. Not only rail users but rail carriers areeligible for assistance under the program. In addition to railline rehabilitation, rolling stock acquisition and installation areeligible.Additional information on the Minnesota Rail ServiceImprovement Program may be obtained from Janelle Collier,Program Manager, Office of Freight and Commercial VehicleOperations, at (651) 366-3653.Figure B-1MINNESOTA RAIL SERVICE IMPROVEMENT PROGRAMESTIMATED FUNDING SUMMARY AND NUMBER OF POTENTIAL PROJECTSBY PROGRAM AND YEAR ($ MILLIONS)PROGRAM 2012 2013 2014 2015 TotalRail Purchase Assistance Program 0 0 0 0 0Rail Rehabilitation Program$4,000,000(1)0 0 0$4,000,000(1)Capital Improvement Loan Program$3,000,000(9)$3,000,000(9)$3,000,000(9)$3,000,000(9)$12,000,000(36)State Rail Bank Program 0 0 0 0 0Rail User/Rail Carrier LoanGuarantee Program0 0 0 0 0TOTAL$7,000,000(10)$3,000,00(9)$3,000,00(9)$3,000,000(9)$16,000,000(37)( ) = Number of Potential ProjectsB-1(2)