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 |
Dallas, Texas Metropolitan Area |
Project Sponsor / Borrower |
Dallas Area Rapid Transit (DART) |
Program Areas |
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Fiscal Year Approved |
Fiscal Year 2012 |
Mode |
Light Rail Transit |
Description |
The DART Orange Line is a partially open, light rail transit line connecting downtown Dallas with the City of Irving and Dallas/Fort Worth (DFW) International Airport northwest of Dallas. The line runs concurrently with the existing Green Line (which opened in 2009 and 2010) from Downtown Dallas to Bachman Station in Northwest Dallas. From Bachman Station, the Orange Line heads northwest to the Las Colinas Urban Center and the newly constructed Irving Convention Center and on toward DFW Airport, as planned. The 14.5-mile, $1.3 billion project is being opened in three sections. The TIFIA loan for this project will advance construction on the third phase of its light rail Orange Line extension project.
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Cost |
Total Phase III Project Cost: $397.0 million |
Funding Sources |
Irving-1 and Irving-2: approximately $900 million
Irving-3: $397.0 million (TIFIA eligible project costs)
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Project Delivery / Contract Method |
Design-Build |
Project Partner |
Design-builder: Kiewit, Stacy and Witbeck, Reyes, Parsons (KSWRP) |
Project Advisors / Consultants |
To the Borrower:
To USDOT TIFIA JPO:
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Lenders |
USDOT TIFIA |
Duration / Status |
FTA ROD (Irving-1 and 2) - September 2008 Construction start (Irving-1 and 2) - June 2009 FTA and FAA FONSI (Irving-3) - October 2011 Construction start (Irving-3) - April 2012 Revenue service:
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TIFIA Credit Assistance |
Direct Loan: $120.0 million |
Financial Status / Financial Performance |
TIFIA credit agreement was executed on December 13, 2012 |
Innovations |
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Related Links / Articles |
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Contacts |
Carlos Huerta |
