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Public transit still needs billions of dollars of additional funding from federal, state and local governments.
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The credit agreement is the first of its kind in the nation in supporting four separate Sound Transit projects. It is expected to yield regional taxpayers long-term savings of between $200 million and $300 million in reduced borrowing costs.
Read More →Despite record levels of funding, demand for rail transit investment continues to outstrip available funding. Here is how several cities are finding ways to fill the gap.
Read More →When combined with the $1.278 billion TIFIA loan to the Metropolitan Washington Airports Authority that closed in August, the U.S. Department of Transportation has provided $1.87 billion in TIFIA loans to support the construction of Phase Two, which represents the largest TIFIA assistance for a single project in the program’s history.
Read More →President Clinton proposed more billions of dollars in new and existing innovative financing programs in his FY 2001 budget proposal just transmitted to Congress.
Read More →The project is funded with a unique financing structure and for the first time combines credit assistance from both the RRIF and TIFIA programs.
Read More →Coupled with Metro’s $747 million local match made possible by 2008’s Measure R sales tax, $2.4 billion is now secured to continue construction of one of L.A. County’s most critically needed public transit projects.
Read More →The agency will strike a $790 million FFGA, along with a $629 million TIFIA loan to complete the Federal Way line light rail extension.
Read More →A diverse group of stakeholders is using a consensus management style to move a $1.34 billion project toward successful completion. The formation of a steering committee has been one key to their success.
Read More →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.
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