Not exact matches
RRIF direct loans can only be used to refinance outstanding debt incurred for certain types of eligible
projects, including debt incurred to acquire, improve, or rehabilitate intermodal or
rail equipment or facilities, including track, components of track, bridges,
yards, buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.
RRIF guaranteed loans can only be used to refinance outstanding debt incurred for certain types of eligible
projects, including debt incurred to acquire, improve, or rehabilitate intermodal or
rail equipment or facilities, including track, components of track, bridges,
yards, buildings, and shops, and costs related thereto, or to develop or establish new intermodal or railroad facilities.
The
project includes the construction of 21 stations, two vehicle and maintenance storage
yards with shop facilities and the procurement of 25 articulated light -
rail vehicles.
The
project presents several construction challenges: excavation of more than 500,000 cubic
yards of earth for a five - level, underground parking structure; demolition of four existing structures; rerouting of major utilities; working around the construction of a
rail station at the site; and limited staging areas.