FRA provides $4 million loan to GWR.
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Press Release Summary:
The Federal Railroad Administration (FRA) will provide the Great Western Railway (GWR) with a loan under the Railroad Rehabilitation and Improvement Financing (RRIF) Program. The loan funding will be used to construct a new track connecting to the Front Range Ethanol Plant, create a new interchange with the Union Pacific Railroad at Greeley, rebuild 2½ miles of track to accommodate more and longer unit trains, and rehabilitate track between Fort Collins and the facility.
Original Press Release:
FRA Announces $4 Million Loan to Great Western Railway
Friday, December 14, 2007 (Washington, DC) The Great Western Railway (GWR) is receiving a $4 million loan from the Federal Railroad Administration (FRA) under the Railroad Rehabilitation and Improvement Financing (RRIF) Program. The GWR, a subsidiary of Omnitrax, is a short line carrier that primarily provides freight service for eleven shippers to and from a 700 acre Industrial Park located between Windsor and Greeley, Colorado. The loan funding will be used to construct a new track connecting to the Front Range Ethanol Plant, create a new interchange with the Union Pacific Railroad at Greeley, rebuild 2½ miles of track allowing the railroad to safely accommodate more and longer unit trains, and rehabilitate track between Fort Collins and the facility. Sand, lumber, and grain are the three largest commodities transported by the railroad.
Contact: Warren Flatau
Telephone: 202-493-6024
