; and (ii) in subparagraph (D) by inserting , permitting, after reimburse planning ; and (B) by striking paragraph (3); (2) in subsection (f)— (A) in paragraph (3) by adding at the end the following: (D) A projection of freight or passenger demand for the project based on regionally developed economic forecasts, including projections of any modal diversion resulting from the project. ; and (B) in paragraph (4)— (i) by striking Credit risk premiums and inserting (A) Timing of payment.— Credit risk premiums ; and (ii) by adding at the end the following: (B) Payment of credit risk premiums (i) In general In granting assistance under this section, the Secretary may pay credit risk premiums required under paragraph (3) for entities described in paragraphs (1) through (3) of subsection (a), in whole or in part, with respect to a loan or loan guarantee. (ii) Set-aside Of the amounts made available for payments for a fiscal year under clause (i), the Secretary shall reserve $25,000,000 for payments for passenger rail projects, to remain available until expended. (C) Refund of premium The Secretary shall repay the credit risk premium of each loan in cohort 3, as defined by the memorandum to the Office of Management and Budget of the Department of Transportation dated November 5, 2018, with interest accrued thereon, not later than 60 days after the date on which all obligations attached to each such loan have been satisfied. For each such loan for which obligations have been satisfied as of the date of enactment of the TRAIN Act , the Secretary shall repay the credit risk premium of each such loan, with interest accrued thereon, not later than 60 days after the date of the enactment of such Act.