How the Center for Innovative Finance Support Office Does Business...
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About Us |
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Capacity Building |
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Outreach/Awareness |
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Research |
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Technical Assistance |
Location |
Los Angeles, California |
Project Borrower / Sponsor |
Los Angeles County Metropolitan Transportation Authority |
Program Areas |
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| Fiscal Year Approved | Fiscal Year 2014 |
Mode |
Light Rail Transit |
Description |
The Regional Connector Transit Corridor Project (Regional Connector) is a 1.9-mile underground light rail connection between the Little Tokyo/Arts District Station to the 7th Street/Metro Center Station in downtown Los Angeles. The existing Metro Gold Line will traverse this new section from the Little Tokyo/Art District and continue along the existing and future Metro Expo Line to Santa Monica, CA. Similarly, the Metro Blue Line will continue beyond its current terminus at 7th Street/Metro Center along this new section and beyond to the existing and future Metro Gold Line to Pasadena. (See the map of the Regional Connector below in the Related Links section.) The Regional Connector extends from the Metro Gold Line and will allow passengers to transfer among the Metro Blue, Expo, Red, and Purple Lines, bypassing Union Station, and provide one-seat continuous service across Los Angeles County. By linking these lines in downtown Los Angeles, the project creates a north/south line from Claremont to Long Beach, and an east/west line from East Los Angeles to Santa Monica. The reduction in the need for transfers can reduce a one-way trip by 10-20 minutes. Construction of the project's tunnels includes both cut and cover tunneling and tunnel boring along different sections under Flower and 2nd Streets. The project also includes the construction of three new stations: 1st Street and Central Ave, 2nd Street and Broadway, and 2nd Place and Hope Street. |
Cost |
$1.399 billion |
Funding Sources |
Federal Sources:
State Sources:
Local Sources:
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Project Delivery / Contract Method |
Design-Build |
Private Partners |
To be determined |
Project Advisors/Consultants |
To the Project
To USDOT TIFIA JPO:
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Lenders |
USDOT TIFIA |
Duration / Status |
Utility work began in December 2012, and an RFP for the major Final Design and Construction design-build contractor was released in January 2013. Metro expects to announce its selection of a contractor in Spring 2014. Anticipated completion of the project is 2021. |
| TIFIA Credit Assistance | Direct Loan: $160.0 million The TIFIA loan will be repaid with Measure R local retail sales tax revenue. |
Financial Status |
TIFIA credit agreement was executed on February 20, 2014. Financial close occurred on February 20, 2014. |
Innovations |
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Related Links / Articles |
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Contacts |
Metro Construction Relations Olga N. Arroyo |
