Freight Railroad Infrastructure Improvement Program
FRIIP loans may fund eligible projects which accomplish any of the following: rehabilitates a segment of rail line, improves transportation efficiency, promotes safety, promotes the viability of the statewide system of freight rail service, assists intermodal freight movement, or provides industry access to the national railroad system. Funded projects have included industry spur tracks, sidings, grain bins and conveyances, and other trackside storage facilities. Borrowers have included railroads, grain elevators and agricultural cooperatives, manufacturers, log harvesters and shippers, and rail transit commissions. Loan terms are 10-year repayment at 2% annual interest. There is no penalty for early repayment.
An applicant must be a county, municipality, town or agency thereof, a railroad, a current or potential user of freight railroad service or a transit commission.
Finance railroad improvements and industry railroad connections at low cost
Help reduce transportation costs for Wisconsin manufacturers, agriculture producers, and forest resource industries
Improve the economic stability of Wisconsin’s rural branch railroad lines through capital improvement and growth of rail shipping volumes.
The Wisconsin Economic Development Corporation (WEDC) is offering grants to support the development of new and existing cooperatives in Wisconsin, with a goal of fostering the success of current and future cooperatives by supporting planning and exploratory research in advance of making a large investment.
The Local Road Improvement Program (LRIP)
Wisconsin Department of Transportation
Established in 1991, the Local Roads Improvement Program (LRIP) assists local governments in improving seriously deteriorating county highways, town roads, and city and village streets. LRIP is a reimbursement program which pays up to 50% of total eligible costs, with local governments providing the balance.
Office of Rural Prosperity
Wisconsin Economic Development Corp.
WEDC @ The Hub
2352 S. Park St., Suite 303
Madison, WI 53713