Rail Funding Brief

Federal and state funding news for the people who actually run the railroad.

Issue No. 2

August 3, 2026

Awards announced

City of Springfield, Illinois won $157.1 million in FY2023-2024 CRISI funding

The Federal Railroad Administration's FY2023-2024 CRISI round awarded $157,126,494 to the City of Springfield, Illinois, for passenger capital and grade separation work, with a 20% non-federal match.

Awards announced

North Carolina Railroad Company won $105.6 million in FY2023-2024 CRISI funding for track rehabilitation

North Carolina Railroad Company, a Class III short line, received $105,595,000 in the Federal Railroad Administration's FY2023-2024 CRISI round for siding and track rehabilitation work, with a 38% non-federal match.

Analysis

CRISI and RCE's current authorization expires September 30, 2026

Both programs' IIJA funding authorization and advance appropriations run out at the end of this fiscal year. The House's BUILD America 250 Act (H.R. 8870) would reauthorize CRISI at roughly $9.1 billion over five years but convert it to ordinary annual appropriations, and would reauthorize RCE at $675 million a year — down from IIJA's $5.5 billion. The Senate has not released a companion bill. Worth watching for any operator planning past this fiscal year.

Recent awards

  • Conrail — $4,837,315.5, NJ-RFAP FY2026
  • South Jersey Port Corporation — $3,888,747.9, NJ-RFAP FY2026
  • Interstate Waste — $3,800,000, NJ-RFAP FY2026
  • Cape May Seashore Lines — $3,621,876.51, NJ-RFAP FY2026
  • Winchester & Western Railroad — $2,790,335.7, NJ-RFAP FY2026
See every confirmed award →

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