The U.S. Department of Transportation’s Federal Transit Administration has executed a $1.17 billion Full Funding Grant Agreement for Seattle’s $3.2 billion, 8.5-mile Lynnwood Link Extension light-rail project through the FTA Capital Investment Grant (CIG) program.
This is the largest transit grant agreement completed by President Donald Trump’s administration. This is the fourth FFGA signed under this administration.
Lynnwood Link will expand light-rail service between Seattle and some of its most populated northern suburbs, including Shoreline, Mountlake Terrace and Lynnwood. It includes 8.5 miles of grade-separated light rail, as well as four new stations; 34 vehicles; 1,500 parking spaces; and a new maintenance and storage facility. It will connect to the broader Link light-rail network, including the existing system from Angle Lake to the University of Washington and the Northgate Link and East Link segments currently under construction.
Sound Transit is also approved for up to $658 million in USDOT credit assistance through the Build America Bureau under the Transportation Infrastructure Finance and Innovation Act (TIFIA) program.
The TIFIA program seeks to leverage limited federal resources and stimulate capital market investment in transportation infrastructure by providing credit assistance in the form of direct loans, loan guarantees and standby lines of credit to projects of national or regional significance.
