US Department of Transportation approves USD 1.33 billion loan
Published: Thu, 2015-01-22 09:00The US Department of Transportation has approved the loan of USD 1.33 billion to Central Puget Sound Regional Transit Authority (Sound Transit) for construction of the East Link Light Rail Extension Project.
“This project will have a significant impact on the entire region and expand a world class transit system,” said, Anthony Foxx, US Transportation Secretary. “The East Link Project will give the people in Seattle area better access to jobs, education, and other opportunities.”
The construction will begin in 2015. The new line is scheduled to start operations in 2023 and is expected to serve approximately 50,000 daily commuters by 2030.