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Project Profile: Dallas Area Rapid Transit Project Orange Line Extension (Irving-3)

Dallas Area Rapid Transit Project Orange Line Extension (Irving-3)

photo credit: DART

Location

Dallas, Texas Metropolitan Area

Project Sponsor / Borrower

Dallas Area Rapid Transit (DART)

Program Areas

Alternative Project Delivery`Project FinanceValue CaptureTIFIA

Value Capture Techniques Sales Tax Districts
Mode

Light Rail Transit

Description

The DART Orange Line is a light rail transit line connecting downtown Dallas with the City of Irving and Dallas/Fort Worth (DFW) International Airport northwest of Dallas. The line runs concurrently with the existing Green Line (which opened in 2009 and 2010) from Downtown Dallas to Bachman Station in Northwest Dallas. From Bachman Station, the Orange Line heads northwest to the Las Colinas Urban Center and the Irving Convention Center and on toward DFW Airport. The 14.5-mile, $1.3 billion project opened in three sections. A TIFIA loan helped finance construction on the project's third phase (Irving-3).

  • Irving-1: Bachman Station to Irving Convention Center Station (5.4 miles, 3 stations). Opened on July 30, 2012
  • Irving-2: Irving Convention Center Station to Belt Line Rd. (3.9 miles, 2 stations). Opened on December 3, 2012
  • Irving-3: Belt Line Rd. to DFW Airport Terminal A (5.2 miles, 1 station [DFW Airport]). Opened on August 18, 2014.
Cost

$397.0 million (Irving-3)

Funding Sources

Irving-1 and Irving-2 - approximately $900 million

  • Revenue bond proceeds and cash (backed by 1.0 percent sales tax and farebox revenue) - $789 million
  • ARRA grant $60.6 million + $50.4 million CMAQ

Irving-3 - $397.0 million (TIFIA eligible project costs)

  • TIFIA loan - $120.0 million
  • Revenue bond proceeds and cash (backed by 1.0 percent sales tax and farebox revenue) - $276.4 million
  • Other Federal Grant Funds (Section 5307) - $600,000
Project Delivery / Contract Method

Design-build

Project Partner

Design-builder - Kiewit, Stacy and Witbeck, Reyes, Parsons (KSWRP)

Project Advisors / Consultants

To the Borrower

  • Estrada Hinojosa, First Southwest - Financial Advisors
  • Bracewell & Giuliani LLP and West & Associates LLP - Legal Advisors

To USDOT TIFIA JPO

  • Nixon Peabody LLP - TIFIA Legal Advisor
  • Montague DeRose and Associates and High Street Consulting Group - TIFIA Financial Advisors
Lenders

Bondholders, USDOT TIFIA

Duration / Status

FTA ROD (Irving-1 and 2) - September 2008

Construction start (Irving-1 and 2) - June 2009

FTA and FAA FONSI (Irving-3) - October 2011

Construction start (Irving-3) - April 2012

Revenue service

  • Irving 1 - July 20, 2012
  • Irving 2 - December 3, 2012
  • Irving 3 - August 18, 2014
TIFIA Credit Assistance

Direct Loan - $120.0 million

Financial Status / Financial Performance

TIFIA credit agreement was executed on December 13, 2012

Innovations
  • The Orange Line is expected to help spur private and municipal transit-oriented development. New development includes the master-planned community of Las Colinas, while existing destinations includes the University of Dallas.
Related Links / Articles

DART Orange Line Fact Sheet

Contacts

Morgan Lyons
Asst. Vice President, Communications & Community Engagement
Tel: (214) 749-2662
mlyons@dart.org

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