RD522 - Intercity Passenger Rail Operating and Capital Program
Executive Summary: The Director of the Department of Rail and Public Transportation (Department) administers, expends, and commits Intercity Passenger Rail Operating and Capital (IPROC) funds subject to the approval of the Commonwealth Transportation Board (CTB) pursuant to Va. Code § 33.2-1603. IPROC is intended to support the cost of operating intercity passenger rail services; acquiring, leasing, or improving railways or railroad equipment, rolling stock, rights-of-way, or facilities; or assisting other appropriate entities to acquire, lease, or improve railways or railroad equipment, rolling stock, rights-of-way, or facilities for intercity passenger rail service purposes. |