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Rail News: Passenger Rail
12/17/2012
Rail News: Passenger Rail
USDOT approves $120 million loan for Dallas light-rail extension
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The U.S. Department of Transportation (USDOT) has approved a $120 million loan for Dallas Area Rapid Transit (DART) to advance construction on the first phase of its Orange Line light-rail extension.
DART's loan through the Transportation Infrastructure Finance and Innovation Act (TIFIA) will help finance the $397 million Orange Line Phase III expansion, according to USDOT officials. The 35-year loan will fund construction of a key 5.17-mile segment of the 14.5-mile Orange Line.
"The TIFIA program is instrumental in helping Dallas realize an ambitious goal to complete one of the largest light-rail systems in the country," said Federal Transit Administration Administrator Peter Rogoff in a prepared statement.
The extension will connect Irving, Texas, with Dallas-Fort Worth International Airport as part of a long-term plan to create a 90-mile light-rail network by 2014 to serve the Dallas area. Once completed, the expanded line will improve the east-west connections between the airport and DART's system by connecting the Green Line that runs through downtown Dallas and connects to commuter rail and other transit services.
DART's loan through the Transportation Infrastructure Finance and Innovation Act (TIFIA) will help finance the $397 million Orange Line Phase III expansion, according to USDOT officials. The 35-year loan will fund construction of a key 5.17-mile segment of the 14.5-mile Orange Line.
"The TIFIA program is instrumental in helping Dallas realize an ambitious goal to complete one of the largest light-rail systems in the country," said Federal Transit Administration Administrator Peter Rogoff in a prepared statement.
The extension will connect Irving, Texas, with Dallas-Fort Worth International Airport as part of a long-term plan to create a 90-mile light-rail network by 2014 to serve the Dallas area. Once completed, the expanded line will improve the east-west connections between the airport and DART's system by connecting the Green Line that runs through downtown Dallas and connects to commuter rail and other transit services.
