This will allow construction of Phase II of the $6 billion Dulles Corridor Metrorail project, which will see the Silver Line track built to the airport and into Loudoun County.
The Metropolitan Washington Airports Authority (MWAA) applied for the loan in conjunction with its local partners on the project, Fairfax County and Loudoun County.
The MWAA says the approval is a victory for users of the Dulles Toll Road, whose toll payments help fund construction of the Silver Line extension of the Washington region’s Metrorail public transit system.
A statement reads: “The authority’s objective has always been to keep tolls on the Dulles Toll Road as low as possible, and the TIFIA loan is a major factor in meeting that objective.
“Thanks to the favourable interest rates the loan provides, as well as $300 million committed by the Commonwealth of Virginia, the airports authority will be able to hold tolls at current levels through 2018 and to limit future toll increases.”
The Capital Rail Constructors joint venture are leading construction with Parsons as lead designer for the project, that includes the design and construction of all rail line, stations, and systems in Phase II.
It will extend the Metrorail system from Wiehle Avenue, in Fairfax County, Virginia, another 11.4 miles northwest, through Washington Dulles International Airport, to a terminus in eastern Loudoun County.
• All Dulles Corridor Metrorail Project photos courtesy of Chuck Samuelson/Parsons.