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U.S. Department of Transportation Announces $1.33 Billion Loan for Sound Transit's Link Light Rail Extension from Seattle to Redmond

U.S. Transportation Secretary Anthony Foxx announced a $1.33 billion loan to Central Puget Sound Regional Transit Authority (Sound Transit) for construction of the East Link Light Rail Extension Project. The Transportation Infrastructure Finance and Innovation Act (TIFIA) loan will expand the popular Link system serving the Puget Sound region and help Sound Transit implement a voter approved regional capital improvement plan. The 14.5-mile light rail extension, one element of a 50-mile system, will connect some of the region's most populated and fastest-growing areas to Sound Transit's existing rail system at the International District/Chinatown Station, which runs from downtown Seattle to SeaTac Airport. According to Sound Transit, extending light rail in this corridor is expected to create 40,000 jobs in construction and future economic development, as well as increase access to growing software and biotech industries in the greater metropolitan area. Construction is expected to begin later in 2015, with a targeted opening date of 2023. The new line is expected to serve approximately 50,000 daily riders by 2030.

Read the full Press Release (January 16, 2015)

U.S. Transportation Secretary Foxx Announces $598 Million in Additional Loans for Phase Two Silver Line to Dulles

U.S. Transportation Secretary Anthony Foxx announced the closing of a $403 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for Fairfax County and a $195 million TIFIA loan for Loudoun County to fund construction of Phase Two of the Metrorail Silver Line extension. When combined with the $1.278 billion TIFIA loan to the Metropolitan Washington Airports Authority (MWAA) that closed in August, the U.S. Department of Transportation has provided $1.87 billion in TIFIA loans to support the construction of Phase Two, which represents the largest TIFIA assistance for a single project in the program's history.  Work has begun at the Wiehle-Reston East Metrorail Station, where Phase One work ended, and includes construction of 11.4 miles of track from Wiehle Avenue to Route 772 in eastern Loudoun County. Six new stations will also be constructed along the way - Reston Town Center, Herndon, Innovation Center, Washington Dulles International Airport, Route 606 and Route 772, and a new Service and Inspection Yard at Dulles International.  The first phase extended Metrorail service from the East Falls Church Metrorail station through the large Tysons Corner employment and retail center to the Wiehle-Reston East Metrorail station in the Reston area of Fairfax County. The Silver Line is being constructed by MWAA and operated by the Washington Metropolitan Area Transit Authority (WMATA). The new line is expected to serve approximately 85,700 daily riders by 2030.

Read the full Press Release (December 17, 2014)

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