Iowa Agency Approves Flood Relief Loans

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Iowa Agency Approves Flood Relief Loans

Postby Gilbert B Norman » Fri Aug 01, 2008 9:39 am

I have learned that a Local level agency, the Iowa Railway Finance Authority, has approved Flood Loans to several Class II roads operating in Iowa. Tomorrow, I'll be near "Ground Zero", i.e. staying in Coralville (Holiday Inn; all "rooms with a view' of the Rock Island) and visiting friends both in Amana and Cedar Rapids. The latter were displaced during the emergency.

Associated Press courtesy WHO-TV

Brief passage:

    The approved loans include: $71,000 for Burlington Junction Railway;
    $320,000 for Cedar Rapids and Iowa City Railway Co.; $554,000 for
    Keokuk Junction Railway Co.; $1.4 million for Iowa, Chicago and Eastern
    Railroad Corp.; $772,000 for Iowa Interstate Railroad Ltd.; $681,000
    for Iowa Northern Railway Co.; and $184,000 for Iowa River Railroad.
Gilbert B Norman
 
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