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The first subway segment will extend the Purple Line 3.9 miles from the existing Wilshire/Western Purple Line terminus near Koreatown into Beverly Hills. T
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The Silver Line is being constructed by MWAA and operated by the Washington Metropolitan Area Transit Authority. The new line is expected to serve approximately 85,700 daily riders by 2030.
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Will receive $1.25 billion in construction grant funds from the FTA's Capital Investment Grant Program and up to $856 million from the U.S. DOT's TIFIA loan program.
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As part of the CTA 2013-2017 Capital Improvement Plan, the 9.4 mile Dan Ryan Branch of the CTA Red Line is being fully reconstructed. Improvements to the terminal will mean better bus and rail connections and reduced travel congestion and delays.
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The project will reconfigure Metro's three existing light rail lines into two lines, eliminating the need for riders to transfer from light rail to the subway system lines and back.
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The Crenshaw/LAX transit corridor project consists of a new 8.5-mile light rail line, eight new transit stations, and three park and ride facilities. TIFIA provided a $545.9 million loan and the project also is expected to receive approximately $130 million in other federal funds.
Read More →The program provides Federal credit assistance to nationally or regionally significant surface transportation projects, including highway, transit and rail.
Read More →Will use loan to fund a portion of its contribution to the project and will begin drawing on the funds in 2013. In addition to FTA's contribution to the project, a consortium of private companies, known as the Denver Transit Partners, is responsible for financing around 24% of the project through tax-exempt private-activity bonds issued by RTD, equity contributions and other means.
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 →Transportation elements include an underground bus terminal with 22 bays, a light rail station for current and future light rail routes, a commuter rail station that will serve Amtrak and possibly a ski train, and public plazas to integrate transit service.
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