Progressive Railroading

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.





RAIL EMPLOYMENT



Rail News Home Passenger Rail

8/22/2019



Rail News: Passenger Rail

SANDAG issues bonds to finance Mid-Coast Trolley project


The Mid-Coast Trolley is currently under construction. Service will begin in 2021.
Photo – SANDAG

advertisement

The San Diego Association of Governments (SANDAG) last week issued $335 million of its capital grant receipt revenue bonds to help finance the construction of the Mid-Coast Trolley, a trolley extension between the downtown area and University City in San Diego. 

This transaction will accelerate SANDAG’s receipt of a $1 billion grant from the Federal Transit Administration under the Capital Investment Grant program, SANDAG officials said in a press release.

“The bonds were issued at a low borrowing cost, which will allow us to maximize the use of federal dollars for the project,” said SANDAG Chair and Poway Mayor Steve Vaus. 

The $2.1 billion Mid-Coast Trolley is currently under construction. When service begins in 2021, the extended 11-mile route will include nine new stations.



Contact Progressive Railroading editorial staff.

More News from 8/22/2019