$2.017 billion in total project costs ($1.813 billion in project costs eligible for TIFIA financing)
Construction underway, with substantial completion expected in December 2021.
The Mid-Coast Corridor Project is a proposed extension of San Diego’s existing light rail infrastructure. Once completed, the Project would connect the Old Town Transit Center in downtown San Diego to the University City area to the north, via the Blue line trolley. This would connect several universities, hospitals, and technology companies to the city center.
The extension consists of 10.9 miles of additional double track as well as nine new stations (four at-grade and five elevated), five park-and-ride facilities with 1,070 spaces, 14 new and two upgraded traction power substations, and 36 new low-floor light transit vehicles. The Project will follow an existing commuter heavy-rail line and run parallel to the I-5 State Route 52 interchange.
Full Funding Grant Agreement: $1.043 billion
TIFIA Loan: $537.5 million
TransNet Financing: $355.0 million
Construction Manager/General Contractor (CM/GC)
Financial Advisor – Public Financial Management
Legal Advisor – Norton Rose Fulbright
To USDOT Build America Bureau:
TIFIA Financial Advisor – Scully Capital
TIFIA Legal Advisor – Nixon Peabody L.L.P.
Direct loan: $537.5 million. The TIFIA loan is secured by pledged TransNet program sales tax revenues.