### Question
How is the "qualified railroad asset" defined?


### Answer
The term **qualified railroad asset** is defined in *49 U.S.C. § 24911* as follows -

> infrastructure, equipment, or a facility that—


(A) is owned or controlled by an eligible applicant

#### Citation:
  - *49 U.S.C. § 24911*
  - Heading: **SUBTITLE V-RAIL PROGRAMS > PART C-PASSENGER TRANSPORTATION > CHAPTER 249-NORTHEAST CORRIDOR IMPROVEMENT PROGRAM**

