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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

Monterey-Salinas Transit District South County Operations & Maintenance Facility

Alternate Project Name
Monterey-Salinas Transit District South County Operations & Maintenance Facility
Project Type
Public Transit
Financing Type
Credit Agreement Executed
Monterey-Salinas Transit District (MST)
Project Description

A 14,000 square-foot combined administration, operations, and maintenance facility on a 64.8-acre lot in King City, California.

This project utilized the TIFIA Rural Project Initiative (RPI). 

Read the press release HERE.

Project Details
TIFIA Assistance
Primary Revenue Pledge
Tax Revenues
Project Cost
Fiscal Year Closed
Funding Sources
TIFIA Loan - $8.45 million
Federal Grants - $4.28 million
State Grants - $1.53 million
Local Funding - $2.98 million
Project Delivery/Contract Method
The project was procured using a firm fixed-price, date-certain contract.
Project Participants
Public Sponsor: Monterey-Salinas Transit District Construction: Diede Construction, Inc.
Project Advisers/Consultants
To Borrower:
• Financial Advisor: KNN Public Finance, LLC
• Legal: Nossaman LLP

To USDOT Build America Bureau:
• TIFIA Financial Advisor: Ernst & Young
• TIFIA Legal Advisor: Skadden
Project Lender
Credit Assistance Detail
Direct loan: up to $8.45 million. The TIFIA loan repayment pledged will be from LTF taxes.
Application Details
Monterey-Salinas Transit District (MST)
LOI Fiscal Year Received
LOI Received Date
Application Received Fiscal Year
Application Received Date
Credit Agreement Executed
Initial Eligibility Review
Review Complete
Creditworthiness Review
Review Complete
Application Review
Review Complete
Estimated Project Cost
TIFIA Request
Instrument Type
Direct Loan