1. 2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot

2. 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.
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.

3. 2013 SCORT – Ohio Session RRIF: 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.

4. 2013 SCORT – Ohio Session RRIF: 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.

5. 2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot
Project Status:
ORDC has completed our “State Advisor Report”.
Ashland Railway submitted its draft application to the FRA on Friday.

6. 2013 SCORT – Ohio Session RRIF: FRA – ORDC Pilot
Next Steps:
ORDC will continue to work with Ashland and FRA for loan approval.
ORDC will identify opportunities to improve process.