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United States Department of Transportation United States Department of Transportation

Dallas Area Rapid Transit Project Orange Line Extension (I-3)

Dallas Area Rapid Transit Project Orange Line Extension (I-3)
Alternate Project Name
DART Orange Line; DART
Project Type
Public Transit
Financing Type
TIFIA
Status
Credit Agreement Executed
Sponsor/Borrower
Dallas Area Rapid Transit (DART)
Project Description

The DART Orange Line is an open and fully operational light rail transit line connecting downtown Dallas with the City of Irving and Dallas/Fort Worth (DFW) International Airport northwest of Dallas. The line runs concurrently with the existing Green Line (which opened in 2009 and 2010) from Downtown Dallas to Bachman Station in Northwest Dallas. From Bachman Station, the Orange Line heads northwest to the Las Colinas Urban Center and the newly constructed Irving Convention Center and on toward DFW Airport.

The 14.5-mile project was opened in three sections: Irving-1: Bachman Station to Irving Convention Center Station (5.4 miles, 3 stations); Irving-2: Irving Convention Center Station to Belt Line Rd. (3.9 miles, 2 stations); and Irving-3: Belt Line Rd. to DFW Airport Terminal A (5.2 miles, 1 station at DFW Airport). The TIFIA loan for this project will advance construction on Irving-3, the third phase of the light rail Orange Line extension project.

Irving-3 is expected to reduce automobile dependence, and therefore roadway congestion, average travel times, and automobile emissions, by providing direct access to Terminal A of the Dallas/Fort Worth Airport. Through 2032, the project is expected to reduce annual vehicle miles traveled and greenhouse gas emissions by approximately 110 million miles and 535,242 metric tons, respectively. Additionally, it is expected to generate travel time savings of an estimated $389 million and add several safety considerations.

Project Details
TIFIA Assistance
$120.00M
Primary Revenue Pledge
Sales Tax Revenues
Project Cost
$397.00M
Fiscal Year Closed
FY2013
Duration/Status
The Federal Transit Administration (FTA) Record of Decision (ROD) for Irving-1 and 2 was issued in September 2008.  Construction started (Irving-1 and 2) in June 2009.  Construction began (Irving-3) in April 2012.  Substantial completion was reached on August 15, 2014.
Funding Sources
Irving-3: $397.0M (TIFIA eligible project costs)
TIFIA Loan: $120 M
Revenue Bond Proceeds and Cash (backed by 1.0 percent sales tax and farebox revenue): $276.4M
Other Federal Grant Funds (Section 5307): $600K
Project Delivery/Contract Method
Design-Build
Project Participants
Design-builder: Kiewit, Stacy and Witbeck, Reyes, Parsons (KSWRP)
Project Advisers/Consultants
To the Borrower:

Estrada Hinojosa, First Southwest - Financial Advisors
Bracewell & Giuliani LLP and West & Associates LLP - Legal Advisors
To USDOT TIFIA JPO:

Nixon Peabody LLP - TIFIA Legal Advisor
Montague DeRose and Associates and High Street Consulting Group - TIFIA Financial Advisors
Project Lender
USDOT TIFIA
Credit Assistance Detail
Direct loan: $120 million.
Financial Status
The TIFIA credit agreement was executed in December 2012. Interest payments began in 2013 and principal payments are set to begin in 2016; final loan maturity is expected to occur in 2047.
Innovations
The Orange Line is expected to lead to $4 billion in private and municipal transit-oriented development. New development includes the master-planned community of Las Colinas, while existing destinations includes the University of Dallas.
Application Details
Applicant
Dallas Area Rapid Transit (DART)
LOI Fiscal Year Received
FY2012
LOI Received Date
Application Received Fiscal Year
FY2012
Application Received Date
Estimated Project Cost
$364.00M
TIFIA Request
$120.00M
Instrument Type
Direct Loan