27 Dec '16, 7pm

Seattle moves forward fast! #lightrailfuture #Funding #livable

Seattle moves forward fast! #lightrailfuture #Funding #livable

U.S. Transportation Secretary Anthony Foxx today announced four transit projects in the Seattle area could receive up to nearly $2 billion in financing through an innovative infrastructure financing tool created by the Department of Transportation’s Build America Bureau. Late last week, the Central Puget Sound Regional Transit Authority (Sound Transit) and the Build America Bureau (Bureau) signed a Master Credit Agreement (MCA) — a first-of-its-kind arrangement in which the local transit authority will be able to expedite multiple loan requests under a single agreement with the federal government. The first of those loans, $615.3 million for the Northgate Link Extension, also closed last week. “This announcement demonstrates that the Build America Bureau is already playing a major role in how projects are planned and paid for by streamlining the financing process and bring...

Full article: http://www.metro-magazine.com/management-operations/news/...

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