Local panel approves $12.4M loan application to SD Rail Board for High Plains rail work

Local panel approves $12.4M loan application to SD Rail Board for High Plains rail work

MITCHELL — The Davison Regional Rail Authority signed off unanimously on Tuesday for a $12.4 million loan application to the South Dakota Department of Transportation’s Railroad Trust Fund. The application allows High Plains Processing to pursue low-interest funding from the state to help pay for the company's rail infrastructure investment costs. The South Dakota State Rail Board already awarded a $12.6 million low-interest loan in November 202…