- Briefing Room
|Location||San Diego, California|
|Project Borrower / Sponsor||San Diego Association of Governments (SANDAG)|
|Value Capture Techniques||Sales Tax Districts|
|Mode||Light Rail Transit|
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.
$2,017 million (total project costs)
$1,813 million (TIFIA eligible costs)
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)|
CM/GC- Mid-Coast Transit Constructors (joint venture)
|Project Advisors / Consultants||
To USDOT Build America Bureau
|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.
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