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United States Department of Transportation United States Department of Transportation

Westside Purple Line Extension, Section 2

Westside Section 2 Map
Alternate Project Name
Purple Line Extension
Project Type
Public Transit
Financing Type
TIFIA
Status
Credit Agreement Executed
Sponsor/Borrower
Los Angeles County Metropolitan Transportation Authority (LACMTA)
Project Description

The Project entails the construction of the second section of a three-section, 9-mile underground heavy rail line that will extend the existing Metro Purple line along Wilshire Boulevard to a new western terminus in West Los Angeles near the Veterans Affairs Hospital in Westwood.  Section 2 extends the line another 2.6 miles through the cities of Los Angeles and Beverly Hills and includes two new stations and the procurement of 20 heavy rail cars.  

Project Details
TIFIA Assistance
$307.00M
Primary Revenue Pledge
Sales Tax Revenues
Project Cost
$2411.00M
Fiscal Year Closed
FY2017
Duration/Status
Revenue service operation is expected in 2025.
Funding Sources
Federal Sources
TIFIA Loan: $307 million
FTA New Starts Grant: $1.187 billion
CMAQ: $169 million
Local Sources: 
Measure R: $692.7 million
Repayment of Capital Projects Fund: $54.8 million
Project Delivery/Contract Method
Design-Build
Project Advisers/Consultants
To LACMTA:

Financial Advisor – Montague DeRose and Associates
Legal Advisor – Norton Rose Fulbright
To USDOT Build America Bureau:

TIFIA Financial Advisor – Deloitte Financial Advisory Services
TIFIA Legal Advisor – Squire Patton Boggs US LLP
Project Lender
USDOT TIFIA
Credit Assistance Detail
Direct loan: $307.0 million.  The TIFIA loan will be repaid with Measure R local retail sales tax.
Financial Status
The TIFIA loan agreement was signed on December 20, 2016. Principal repayment of the TIFIA loan will begin in 2020, and will amortize through final maturity anticipated in 2037.
Application Details
Applicant
Los Angeles County Metropolitan Transportation Authority (LACMTA)
LOI Fiscal Year Received
FY2015
LOI Received Date
Initial Eligibility Review
Review complete
Creditworthiness Review
Documentation requested
Estimated Project Cost
$2273.00M
TIFIA Request
$307.00M
Instrument Type
Direct Loan