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Project Profile: Mid-Coast Corridor

Mid-Coast Corridor

photo credit: SANDAG

Location San Diego, California
Project Borrower / Sponsor San Diego Association of Governments (SANDAG)
Program Areas

Alternative Project DeliveryProject FinanceValue CaptureTIFIA

Mode Light Rail Transit
Description

The Mid-Coast Corridor project is a 10.9-mile extension of San Diego's existing light rail infrastructure. Once completed, the project will connect the Old Town Transit Center in downtown San Diego to the University City area to the north, via the Blue Line trolley, and serve major activity centers including Old Town, the University of California, San Diego, and the Westfield UTC shopping center. The route will connect several universities, hospitals, and technology companies to the city center. Currently, University City and UC San Diego, two of the region's largest trip generators, are not served directly by regional transit services.

The double track extension also includes nine new stations (four at-grade and five elevated), five park-and-ride facilities with 1,070 spaces, 14 new and two upgraded traction power substations, and 36 new low-floor light rail transit vehicles. The project will follow an existing commuter heavy-rail line and run parallel to I-5.

Cost

$2,017 million (total project costs)

$1,813 million (TIFIA eligible costs)

Funding Sources

Full Funding Grant Agreement - $1.043 billion

TIFIA loan - $537.5 million

San Diego County TransNet financing - $355.0 million

Project Delivery / Contract Method Construction Manager/General Contractor (CM/GC)
Private Partner

CM/GC- Mid-Coast Transit Constructors (joint venture)

  • Stacy & Witbeck, Inc.
  • Skanska USA
  • Herzog Contracting Corporation
Project Advisors / Consultants

To SANDAG

  • Financial Advisor - Public Financial Management
  • Legal Advisor - Norton Rose Fullbright

To USDOT Build America Bureau

  • TIFIA Financial Advisor - Scully Capital
  • TIFIA Legal Advisor - Nixon Peabody LLP
Lenders USDOT TIFIA, Bondholders
Duration / Status

Pre-construction activities (utility relocation) began in early 2016.

Construction began in October 2016.

Substantial completion expected in December 2021.

TIFIA Credit Assistance

Direct Loan - $537.5 million

The TIFIA loan is secured by pledged TransNet program sales tax revenues.

Financial Status / Financial Performance

Full Funding Grant Agreement was executed in September 2016.

The TIFIA credit agreement was executed on June 27, 2017 and the loan is expected to mature in 2045.

Innovations
  • The Mid-Coast Corridor is among the TransNet local revenue measure's Early Action Projects. The availability of the TransNet funding is accelerating the completion of these projects over a 40-year program period beginning in 2008. SANDAG and its local partners retained five consultant teams for 5-year, $10 million design and construction management on-call contracts to oversee the completion of the program. Tasks performed under these on-call contracts can include program management and the development of roadway, structure, and transit projects.
Related Links / Articles

SANDAG Project Website

TransNet Project Website

Contacts

Greg Gastelum
Project Development Program Manager, SANDAG
Tel: (619) 699-7378
greg.gastelum@sandag.org

Leslie Blanda
Project Development Program Manager, SANDAG
Tel: (619) 699-6907
leslie.blanda@sandag.org

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