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3/8/2022
The Purple Line light-rail project — which is being led by the Maryland Department of Transportation (MDOT), MDOT Maryland Transit Administration (MDOT MTA) and Purple Line Transit Partners — has qualified for a $1.7 billion Transportation Infrastructure Finance and Innovation Act (TIFIA) federal loan.
The loan is a replacement and restructuring of the original loan awarded to construct the Purple Line, according to a press release from U.S. Sen. Chris Van Hollen's (D-Md.) office.
The project has experienced significant delays since construction began in 2017, but the TIFIA loan will provide the advancement they’ve been looking for, said Van Hollen, along with fellow Maryland Democrats U.S. Sen. Ben Cardin and Reps. Steny Hoyer, Anthony Brown and Jamie Raskin, in the press release.
“Marylanders have been waiting with anticipation for years for the completion of the Purple Line,” the lawmakers said. “This new federal loan is a critical piece of the financing to move the Purple Line’s construction forward after previous setbacks for the project.”
The 16.2-mile light-rail line from Bethesda to New Carrollton will connect to all Maryland Area Regional Commuter (MARC) lines and the Amtrak Northeast Corridor. The project also received $106 million in American Rescue Plan funding and financial assistance from the Capital Investment Grant Program.