The U.S. Department of Transportation (DOT) announced Friday it had provided a packages of loans worth up to $3.84 billion to the Central Puget Sound Regional Transit Authority (Sound Transit) for six projects in Washington State.
The Transportation Infrastructure Finance and Innovation Act (TIFIA) loan would finance the Downtown Redmond Link Extension, as well as five other projects, and are estimated to save the Sound Transit more than $630 million over the life of the loans.
