2013 scort ohio session rrif fra ordc pilot
This presentation is the property of its rightful owner.
Sponsored Links
1 / 6

2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot PowerPoint PPT Presentation


  • 88 Views
  • Uploaded on
  • Presentation posted in: General

2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot. 2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot. Working with the FRA to determine if a state can have a value-added role in providing shortline railroads better access to RRIF Financing.

Download Presentation

2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


2013 scort ohio session rrif fra ordc pilot

2013 SCORT – Ohio SessionRRIF: FRA – ORDC Pilot


2013 scort ohio session rrif fra ordc pilot

2013 SCORT – Ohio SessionRRIF: FRA – ORDC Pilot

  • Working with the FRA to determine if a state can have a value-added role in providing shortline railroads better access to RRIF Financing.

  • Partnership is the result of comments by Administrator Szabo expressing a desire to get better utilization of the RRIF.

  • Began conversations in Summer ’12.

  • FRA-ORDC MOU signed March 2013.


2013 scort ohio session rrif fra ordc pilot

2013 SCORT – Ohio SessionRRIF: FRA – ORDC Pilot

  • Why the Pilot?

  • ORDC has a loan and grant program, but the rail infrastructure needs far exceeds our financial capacity.

  • We have believed there is a role for states beyond providing funding for the credit risk premium.

  • Overall, ORDC thinks we can be value-added to both the shortline railroads and the FRA.


2013 scort ohio session rrif fra ordc pilot

2013 SCORT – Ohio SessionRRIF: FRA – ORDC Pilot

  • How is ORDC value-added?

  • For the FRA: ORDC has a good working relationship and a solid knowledge base of Ohio railroads and rail lines, giving us an advantage over the FRA’s Independent Financial Advisors. We can do a lot of screening before the railroads submit the application.

  • For Railroads: ORDC already has an organizational structure in place for project and financial reviews, as well as NEPA.


2013 scort ohio session rrif fra ordc pilot

2013 SCORT – Ohio SessionRRIF: FRA – ORDC Pilot

  • Project Status:

  • ORDC has completed our “State Advisor Report”.

  • Ashland Railway submitted its draft application to the FRA on Friday.


2013 scort ohio session rrif fra ordc pilot

2013 SCORT – Ohio SessionRRIF: FRA – ORDC Pilot

  • Next Steps:

  • ORDC will continue to work with Ashland and FRA for loan approval.

  • ORDC will identify opportunities to improve process.


  • Login