railpreservationprogram.docVIP

RAIL PRESERVATION PROGRAM FY2011 Application Procedures Revised November 27, 2009  Table of Contents RAIL PRESERVATION PROGRAM 1 FY2011 Application Procedures 1 Table of Contents 1 Rail Preservation Policy 2 Rail Preservation Procedures 3 Rail Preservation Application Process Memorandum 7 Applications 7 Allocation of Funds 9 Selection Criteria 9 Project Selection and Implementation 10 Methodology for the Distribution of Funds to Non Safety Projects Under the Rail Preservation Program 10 APPENDIX A 12 Benefit-Cost Analysis Rail Corridor Program 13 Background and Introduction 13 The Benefit-Cost Methodology 13 APPENDIX B 15 Sample Locality Resolution 16 APPENDIX C 17 SINGLE YEAR GRANT AGREEMENT 18 MULTIPLE YEAR GRANT AGREEMENT 46 APPENDIX D 74 Commonwealth of Virginia 74 Department of Rail and Public Transportation 74 Rail Preservation Program 74 Application 74 Rail Preservation Policy Effective April 1, 1999, it is the policy of the Commonwealth Transportation Board (CTB) to consider railways and rail corridors as important elements of the Statewide Transportation System. The CTB supports the use of funds for projects deemed important elements of the Statewide Transportation System. Such consideration shall include the acquisition, lease, improvement, or assistance to appropriate entities in the acquisition, lease, or improvement of railways, and equipment, and the purchase of abandoned railway rights-of-way for transportation purposes that the CTB determines are for the common good of the Commonwealth or a region of the Commonwealth. The Department of Rail and Public Transportation Director shall administer and expend or commit, subject to the approval of the CTB, such funds as may be set forth in the Appropriations Act for this purpose. Such funds may be expended or provided in the form of grants or loans to others to improve railways, equipment, or related facilities specific to rail operations on public or private property and to acquire or lease railway