The Minnesota Valley Regional Rail Authority is a governmental agency that has been in operation since 1982. The company owns 94.7 miles of shortline railroad trackage from Norwood Young America to Hanley Falls, Minnesota, serving 16 communities, as well as shippers in Carver, Sibley, Renville, Redwood, and Yellow Medicine County. The operator is the Minnesota Prairie Line, which handles all rail car movement for shippers and collaborates with potential new shippers to establish themselves along the track in the 5 counties owned by the Authority. The company received a $520.00K grant investment on 25 September 2023, with the Federal Railroad Administration as the investor. The Authority contributes significantly to the transportation and logistics infrastructure in the region through its ownership and operation of the railroad trackage. This investment is poised to support the company's efforts in maintaining and enhancing its rail network, ensuring the efficient transport of goods and fostering economic development in the region.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Grant | $520.00K | 1 |
|
25 Sep 2023 |
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