Sound Transit Gains $1.42 Billion in Grants and Loans for Federal Way Light Rail
by Peyser
U.S. Secretary of Transportation Elaine Chao on January 22 announced that Sound Transit in Seattle, a Peyser Associates client since 1999, has received approval for $1.42 billion in federal financial assistance for the Federal Way Link Extension project.
January 22, 2020 — FTA Acting Administrator Jane Williams, King County Executive Dow Constantine, Sound Transit CEO Peter Rogoff and other dignitaries celebrate federal assistance to the Federal Way Link Extension
The assistance comes in the form of a Full Funding Grant Agreement in the amount of $790 million and a loan of $ 629.5 million from the Transportation Improvement Finance and Innovation Act (TIFIA) program. The loan is the final loan to be issued under a Master Credit Agreement Sound Transit and US DOT agreed to in 2016.
Peyser Associates advised Sound Transit in its efforts to obtain both instruments of federal assistance. Click HERE to see the US DOT Press Release announcing its actions.
Comments are closed.