WASHINGTON — Virginia Railway Express, a commuter railroad operating in northern Virginia, is receiving a $72.5 million loan from the Federal Railroad Administration to finance a portion of the cost of acquiring 50 new bi-level passenger railcars.
The new equipment will allow VRE to replace old railcars, increase the size of its fleet, add seating capacity to each railcar and improve service for its riders, officials said. The state of Virginia is providing an additional $20 million.
VRE is the first commuter rail operator to receive a loan under FRA’s Railroad Rehabilitation & Improvement Financing (RRIF) loan program.
