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January 20, 2015

$1.3B loan for Sound Transit

By JOURNAL STAFF

Sound Transit said it has secured a $1.3 billion federal loan that could help the agency finish light rail and other projects that stalled due to the recession.

The loan came through the Transportation Infrastructure Finance and Innovation Act. Sound Transit said it is the largest loan in the program's history to a transit agency and the second largest overall. The interest rate of 2.38 is the lowest in the 25-year history of the program.


 
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