SIB Loan Sought for Heber Valley Railroad Repairs

The Utah Transportation Commission is considering approval of a $700,000 State Infrastructure Bank loan to the Heber Valley Railroad Authority to repair a failed retaining wall along Deer Creek Reservoir. The 15-year loan at 3.86% interest would support rail right-of-way repairs on state-leased track, with anticipated repayment from a 2027 legislative appropriation.

Scope & details

The full contract record, as filed.

Contract amount

$700,000

Contract type

FINANCIAL_SERVICES

Contract term

15-year term, loan initiated June 1, 2026, annual payments due June 1

Renewal date

2041-06-01

Renewal

Single 15-year loan with fixed 3.86% interest; no renewals described. Amortization runs from June 1, 2027 through June 1, 2041.

Document type

AgendaPacket

Source document

Utah Department of Transportation Staff Update/Programming Workshop Agenda Packet 2026-05-14

Related contracts

Other contracts from Heber Valley Railroad Authority.

View all →

Utah Transportation Commission Agenda Packet 2026-06-26

APPROVED

Utah Department of Transportation, Utah$700,000Jun 26, 2026

Utah Transportation Commission AgendaPacket 2026-05-15

APPROVED

Utah Department of Transportation, Utah$700,000May 15, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Utah Department of Transportation?

Heber Valley Railroad Authority was awarded this financial services contract by Utah Department of Transportation, as recorded on May 14, 2026. The contract value is $700,000.

How much is the Heber Valley Railroad Authority contract with Utah Department of Transportation worth?

The Heber Valley Railroad Authority contract with Utah Department of Transportation is valued at $700,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Utah Department of Transportation Staff Update/Programming Workshop Agenda Packet 2026-05-14 (AgendaPacket), dated May 14, 2026 from Utah Department of Transportation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Heber Valley Railroad Authority hold?

Heber Valley Railroad Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Heber Valley Railroad Authority's profile

What is Utah Department of Transportation currently buying?

Explore Utah Department of Transportation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Utah Department of Transportation's profile