U.S. Transportation Secretary Ray LaHood has announced a $54.6 million loan that will enable Kansas City Southern Railway Co. to buy 30 Evolution locomotives from GE Transportation.
“We are seeing President Obama’s commitment to rail boost manufacturing all across America,” LaHood said. “This is the kind of investment in our transportation systems that creates jobs, boosts the economy and improves the flow of goods.”
The loan was made by the Federal Federal Railroad Administration’s Railroad Rehabilitation and Improvement Financing program.
The locomotives will be built at GE Transportation’s headquarters in Lawrence Park.