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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Hilltop Tacoma Link Extension (Sound Transit)

Map of Sound Transit Impprovements
Project Type
Public Transit
Financing Type
TIFIA
Status
Credit Agreement Executed
Sponsor/Borrower
Central Puget Sound Regional Transit Authority (Sound Transit)
Project Description

Sound Transit in Seattle is extending and improving the light rail line using two TIFIA loans and one RRIF loan. Read the news release.

Sound Transit estimates the loans will save $245 million through 2046, when the agency's voter-approved expansion plan is expected to be completed, and a total of $445 million over the entire life of the three loans.

This loan is for the Hilltop Tacoma Link Extension (TIFIA loan for $93.3 million, 33 percent of total $282.7 million cost), which will:
o    Extend light rail line by 2.4 miles
o    Build six new stations and relocate one station
o    Purchase five new light rail vehicles
o    Improve bike/pedestrian infrastructure
o    Expand an operations and maintenance facility
 

Project Link
Hilltop Tacoma Link Extension
Project Details
TIFIA Assistance
$93.30M
Primary Revenue Pledge
Tax Revenues
Project Cost
$283.00M
Fiscal Year Closed
FY2023
Funding Sources
Gross pledge on Sales & Use Tax, Motor Vehicle Excise Tax, Rental Car Tax
Application Details
Applicant
Central Puget Sound Regional Transit Authority (Sound Transit)
Credit Agreement Executed
Estimated Project Cost
$283.00M
TIFIA Request
$93.30M
Instrument Type
Direct Loan