Utah Department of Transportation Awards $700,000 Financial Services Contract to Heber Valley Railroad Authority (May 2026)

The Utah Transportation Commission approved a $700,000 State Infrastructure Bank loan to the Heber Valley Railroad Authority to repair a failed retaining wall along the Deer Creek Reservoir rail line. The 15‑year loan at 3.86% supports continued operation of the heritage tourist railroad, with repayment expected 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, expected to be repaid during the 2027 Utah State Legislature by a one-time appropriation

Renewal date

2041-06-01

Renewal

Single 15‑year loan; no renewal terms described. HVRX anticipates early repayment via a 2027 legislative appropriation.

Document type

AgendaPacket

Source document

Utah Transportation Commission AgendaPacket 2026-05-15

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Utah Transportation Commission Agenda Packet 2026-06-26

APPROVED

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

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

PENDING

Utah Department of Transportation, Utah$700,000May 14, 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 15, 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 Transportation Commission AgendaPacket 2026-05-15 (AgendaPacket), dated May 15, 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.

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