Rail

Sound Transit's East Link light rail to get $1.3B loan

Posted on January 20, 2015

Rendering courtesy Sound Transit
Rendering courtesy Sound Transit

The U.S. Department of Transportation (USDOT) 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.

RELATED: Hill tapped to manage Seattle East Link extension project

“The East Link Project will give the people in Seattle area better access to jobs, education, and other opportunities,” said USDOT Secretary Anthony Foxx. “This project will have a significant impact on the entire region and expand a world class transit system. We want to bring these opportunities to other parts of the country, working with Congress to develop a sustainable, long-term funding solution for transit, roads, bridges and other crucial infrastructure.”

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.

“This project demonstrates the great things that can happen when federal, state, and local partners work together to make critical transportation infrastructure investments,” said Sylvia Garcia, DOT CFO and Assistant Secretary for Budget and Programs.

In addition to the $1.33 billion TIFIA loan, DOT is contributing $74.7 million in Federal Transit Administration (FTA) funds and $14 million in TIGER V funds toward the $4 billion East Link Project. 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.


View comments or post a comment on this story. (0 Comments)

More News

Dallas' D2 subway reaches preliminary design milestone

The next phase is preparing a supplemental draft environment impact statement to access potential impacts and benefits of the project.

Bombardier temporarily ceases work at its Canadian facilities

The suspension includes Bombardier’s aircraft and rail production activities in the provinces of Quebec and Ontario.

Sound Transit completes downtown light rail service

The return follows the conclusion of Connect 2020, an 11-week period of major service impacts while construction crews connected the existing system in downtown Seattle to East Link.

FRA seeks to gauge performance, service of intercity passenger rail

The rule would define Amtrak on-time performance and would set forth a minimum on-time performance standard of 80%.

Calif.'s Metrolink lands $10.7M CRISI grant

The grant will partially fund the Burbank Corridor Speed and Safety Improvements Project, which will enhance service on Metrolink’s Ventura County and Antelope Valley lines.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation