Financing for the $2.8-billion second leg of a northern Virginia rail transit line to run to Washington Dulles International Airport and beyond has taken a step forward with the closing of a $1.3-billion federal loan.
The U.S. Dept of Transportation said on Aug. 20 that it had closed a $1.28-billion Transportation Infrastructure Finance and Innovation Act (TIFIA) loan with the Metropolitan Washington Airports Authority (MWAA), which operates Dulles and Ronald Reagan Washington National airports and also is in charge of the rail project’s construction.