DC Curbed, 8/23/17:
Trump administration to provide $900M in funding to Purple Line
The agreement is set to be signed next week, and construction on Maryland’s 16-mile light-rail will begin shortly after
Maryland’s Purple Line project has had its ups and downs, but it looks like it’s full speed ahead. The Washington Post reported that the Trump administration has agreed to sign a $900 million federal full funding agreement for the $2 billion project.
Despite this spring’s White House budget proposing to eliminate new federal grants for transit construction, the Purple Line was approved for funding in part because of how advanced it was; already, Maryland has spent $300 million on development work. A team of developers and equity investors has also been formed, called Purple Line Transit Partners, that is expected to commit the equity required for the project.
Construction was scheduled to begin last fall. If the federal investment had not been approved, the state of Maryland would not have been able to afford the project.
The deal is expected to be signed next week. Construction is set to begin just weeks after the deal is formalized.