DOT Issues $546M Loan For $1.75B LA Light Rail Project

Law360, New York (October 1, 2012, 8:35 PM EDT) -- The federal government approved a $545.9 million loan for a proposed $1.75 billion light rail project that aims to make downtown Los Angeles and its southern and western suburbs more accessible, the U.S. Department of Transportation announced on Monday.

The loan, issued under the Transportation Infrastructure Finance and Innovation Act program, will go to the Los Angeles County Metropolitan Transportation Authority, the sponsor behind a plan to lay 8.5 miles of new track along the transit corridor that connects the Los Angeles district of Crenshaw with...
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