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Nashville & Eastern Railroad Latest RRIF Loan Recipient

The Federal Railroad Administration recently announced that the Nashville & Eastern Railroad would be the latest recipient of a Railroad Rehabilitation and Improvement Financing (RRIF) loan. The NERC will use the loan, totaling $4.6 million, to purchase fifty new high-capacity covered hopper rail cars and two rebuilt locomotives. The locomotives and 25 of the 50 rail cars will be used primarily to serve a major new customer, Lojac Minerals, for which NECR will take sand from Lojac’s mine in Monterey, TN to its manufacturing facilities in Lebanon and Hermitage, TN, where it will be used to produce concrete, concrete blocks, and other materials. The second set of 25 hoppers will be used for other anticipated traffic increases.

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