Sound Transit receives $1.33 billion TIFIA loan for East Link Light Rail Extension Project

摘要

Sound Transit was approved for a $1.33-billion federal loan 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. This is the largest single TIFIA loan to a transit agency in the country, the second largest TIFIA loan overall and at the lowest rate - 2.38 percent - in the 25-year history of the program.