The consortium of private-sector companies that recently won a $5.6 billion contract to build and operate the Maryland Purple Line light-rail project has been awarded an $874.6 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan. The funds will be used to help defray the costs of the 16.2 mile project that will connect Montgomery and Prince George’s counties in Maryland. The east-west line will also include 21 stations.
In making the announcement of the loan, U.S. Transportation Secretary Anthony Foxx said the new rail line will offer an alternative form of transportation that will allow residents along the line “improved access to jobs, education and medical care and, overall, will help improve the quality of life.”
Federal Transit Administration (FTA) officials also are working with the Maryland Transit Authority to secure an additional $900 million toward the project through the FTA Capital Investment Grant Program. Another $36 million in FTA grant funds will also be appropriated for the project.
Calling the Purple Line a “unique public-private partnership” that allows the state to leverage additional federal funding, FTA Acting Administrator Carolyn Flowers added, “The Purple Line will help residents access one of the state’s largest job centers as well as its flagship state university without having to drive on heavily congested roads.”