Washington State Department of Transportation (WSDOT) has reopened the aplication period for loans with USD 5 million in Freight Rail Investment Bank (FRIB) loans approved by the Legislature. Funds will be available in July 2017.
The loan maximum is USD 250,000, but loans could be higher depending on the amount of qualifying applications. All applications require a 20 percent match.
The Freight Rail Investment Bank program is a loan program available to the public sector. This program is intended for either smaller projects or as a small part of a larger project, where state funds would enable the project to be completed.
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