Silver Line Phase Two receives approval for $598 million in TIFIA loans

Written by Jenifer Nunez, assistant editor
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U.S. Department of Transportation (USDOT) closed a $403-million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for Fairfax County and a $195 million TIFIA loan for Loudoun County to fund construction of Phase Two of the Washington Metropolitan Area Transit Authority (WMATA) Silver Line extension.

 

When combined with the $1.278-billion TIFIA loan to the Metropolitan Washington Airports Authority (MWAA) that closed in August, USDOT has provided $1.87 billion in TIFIA loans to support the construction of Phase Two, which represents the largest TIFIA assistance for a single project in the program’s history.

Work has begun at the Wiehle-Reston East Station where Phase One work ended and includes construction of 11.4 miles of track from Wiehle Avenue to Route 772 in eastern Loudoun County. Six new stations will also be constructed along the way – Reston Town Center, Herndon, Innovation Center, Washington Dulles International Airport, Route 606 and Route 772 and a new service and inspection yard at Dulles International Airport.

“The first phase of the Silver Line has been an overwhelming success and we look forward to ensuring the second half is just as successful, with the help of these additional loans from the federal government,” said USDOT Secretary Anthony Foxx. “When complete, the Silver Line will help residents and visitors get where they need to go safely, quickly and affordably.”

The Silver Line is being constructed by MWAA and operated by WMATA. The new line is expected to serve approximately 85,700 daily riders by 2030.

 

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