| Name |
WMATA Infrastructure
Renewal Program (IRF) |
| Location |
Washington, D.C. |
| Mode |
Rail and Bus Transit |
| Description |
Acceleration of Washington
Metro's Infrastructure
Renewal Program for
its Metrobus and its
103-mile Metrorail
system.
Multiple projects
initiated on
an expedited
basis: loan guarantee
will allow WMATA
to advance critical
projects that
otherwise will
be stretched
over a number
of years.
Entails rehabilitation
and replacement of vehicles, facilities, and equipment.
Current projects include: Rehabilitation of station elevators
and escalators Installation of escalator canopies Installation of back up station power generators Installation
of a new station public address system Red Line repairs |
| Sponsor |
Washington Metropolitan Area Transit Authority (WMATA) |
| Cost |
$2.324 billion |
| Type of Finance |
$600 million TIFIA loan guarantee |
| Revenue Sources |
Government revenues from: District of Columbia participating
local governments in Maryland participating local
governments in Virginia
|
| Project Delivery / Contract Method |
|
| Private Investor Partner |
|
| Project Advisors |
|
| Lenders |
Lehman Commercial Paper, Inc.
|
| Status |
Expected completion: December 2009 |
| Innovations |
First transportation project to receive financial assistance
through TIFIA. |
| Related Links / Articles |
Moody's
Credit Rating*
Washington
Metropolitan
Area Transit
Authority (WMATA)
USDOT
Press Release
Announcing Loan
Guarantee
Description of
WMATA Metrorail
Extension
|
| Contacts |
Office of Business
Planning and Development
at WMATA
600 5th Street, NW
Washington, DC 20001
Joyce Hernandez
TEL: 202-962-2330.
|
| Graphics |
|
| Last Updated |
WMATA, May 2002 |
|
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|
