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Maine Regional Railways Project TIGER 7 Award

Maine Regional Railways Project TIGER 7 Award.

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Maine Regional Railways Project TIGER 7 Award

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  1. Maine Regional Railways ProjectTIGER 7 Award

  2. Goals of the Maine Regional Rail Projecta) Restore a critical component of the national rail system to a state of good repair improving both the reliability and resiliency in a key transportation corridor vital to the regional forest products industry and supportive of export initiatives.b) Improve the accessibility and long-term prospects for the economy and the environment in an economically challenged region by improving the transportation system that is vital to industry and the jobs that they support.c) Remove key bottlenecks and increase velocity for rail traffic creating a virtuous cycle allowing for greater capacity and subsequent future investment resulting in further improvements to the economic competitiveness of the region.d) Leverage the unique partnership of three (3) railroads uniting and contributing to create a better corridor where each plays a crucial and inseparable role.

  3. * MaineDOT awarded $20M in Federal funding under the USDOT TIGER VII Program*The Maine Regional Railways Project has a total project cost of $37M and involves 3 private rail operators, MaineDOT and USDOT. Funding BreakdownTotal Project Cost $37,348,516USDOT TIGER $20,000,000 53.5%Railroad Match $14,539,406 39%MaineDOT Match $ 2,809,110 7.5%

  4. Maine Intermodal Port Productivity Project2016 FASTLANEAward

  5. Fund Source and Use Project Amount FASTLANE Grant Funds $7,719,173 50.0% Maine DOT State Bond Funding $4,500,000 29.1% CMAQ $2,189,607 14.1.% FHWA Section 130 Crossing Program $ 537,000 3.5% Pan Am Railways $ 492,567 3.2% TOTAL $15,438,347 100%

  6. Maine Railroad Bridge Capacity Project2017 FASTLANEApplication

  7. Fund Source and Use Project Amount Project Percentage FASTLANE Grant Funds $7,890,000 50.0% Maine DOT State Bond Funding $5,640,000 35.7% Maine Northern Railways $2,000,000 12.7% Northern Border Regional Commission $ 250,000 1.6% TOTAL $15,780,000 100%

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