In 2013, the Arkansas & Missouri Railroad (A&M) substantially improved its locomotive fleet by acquiring three EMD SD70AC3 road units. The Federal Railroad Administration (FRA) on May 29, 2015 issued a $6.8 million Railroad Rehabilitation and Improvement Financing (RRIF) loan to the A&M for refinancing the locomotives.
The U.S. Department of Transportation (USDOT) is making $500 million available for the seventh round of the Transportation Investment Generating Economic Recovery (TIGER) competitive grant program.
U.S. Transportation Secretary Anthony Foxx on Monday, March, 2015 sent a six-year transportation bill to Congress, the “Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America,” or GROW AMERICA, Act.
