The RRIF program generally provides direct federal loans and loan guarantees to finance the development of railroad and intermodal infrastructure. Eligible borrowers include railroads, state and local governments, government-sponsored authorities and corporations, joint ventures that include at least one of the other eligible entities, and limited option freight shippers who intend to construct a rail connection. The loan to Amtrak constitutes the largest financing to date under the program.
Baker Botts represented the U.S. Department of Transportation in the transaction.
Baker Botts Lawyers/Office Involved: Martin Toulouse (Partner, New York); Stuart Solsky (Partner, New York); and Clint Culpepper (Associate, Austin).
For more information, please see the news release relating to the transaction by clicking here.
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