A $1.99 billion Transportation Infrastructure Finance and Innovation Act (TIFIA) agreement between Sound Transit and the U.S. Department of Transportation (USDOT) will support the construction of three light-rail extensions and a maintenance facility.
"This announcement demonstrates that the Build America Bureau is already playing a major role in how projects are planned and paid for by streamlining the financing process and bringing together valuable tools for accessing federal dollars. This means projects contemplated under the Master Credit Agreement can move forward more quickly and effectively," said USDOT Secretary Anthony Foxx. "We are proud of the work done through the Bureau to speed investments needed in growing regions like the Pacific Northwest. This development is a big win for the entire region."
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