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Transportation Secretary Anthony Foxx launched the Build America Bureau earlier this year to provide a one-stop-shop for state and municipal governments to find innovative solutions to funding critical infrastructure projects.
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The 1.6-mile South 200th Link Extension to Angle Street Station in the Seattle suburb of SeaTac connects Sound Transit travelers to the existing 18.8-mile Link light rail that runs north to Seattle-Tacoma Airport, the city’s downtown, Capitol Hill and the University of Washington.
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Improvements include two additional peak Sounder south line round trip trains and 15,000 additional annual platform hours for ST Express bus service to meet growing demand and deliver voter-approved projects.
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The $477 million sale consisted of fixed-rate bonds at a total interest cost of 3.596%. The favorable rate is significantly lower than the 5.3% average over the last 30 years.
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Following the 2016 openings of the University Link and Angle Lake light rail extensions, Link ridership jumped 69.3%, while Sounder commuter service increased by 5.7% and ST Express grew 2.7%.
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Gannon, 47, served as interim GM from March 2016 until now. He was Metro Deputy GM from 2013-2016, and Human Resources manager for the King County DOT from 2011-2013.
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The $54 billion ballot measure would add 62 miles of light rail with stations that would serve 37 new areas and grow the system to 116 miles.
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The $554 million order will nearly triple the fleet from its current 62 cars, adding needed capacity as rail begins to extend north, south and east as part of the Sound Transit 2 package.
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Public transit leaders came together to discuss ballot measures across the country.The press conference was held at the APTA 2016 Annual Meeting held in Los Angeles.
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Joni Earl, CEO emeritus of Seattle’s Sound Transit (ST), will receive APTA’s Extraordinary Leadership Award.
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