March 26, 2021 - TRA Newswire/Progressive Railroading -
The Dallas City Council gave unanimous approval Wednesday to a proposal to continue with the building of a second light-rail alignment going through downtown Dallas, also known as D2.
The council also said it would support Dallas Area Rapid Transit (DART) in obtaining a Federal Transit Administration grant to help fund the project. The cost estimate for the subway and light rail is $1.7 billion, with up to 50% potentially funded with a federal grant, according to an article on the WFAA website.
Dallas Mayor Eric Johnson called the vote "an important step forward for a potentially transformative project for our city."
D2 has been in the works since 2007. The planned 2.4 mile route would include three subway stations and two above-ground stations with service on the green and orange lines. D2 was originally scheduled for completion in 2024 but now the project is to start sometime in 2022 and be fully operational in 2028, according to the latest numbers.
DART, which has one of the largest transit systems in the country, will maintain a stable outlook from Moody’s Investors Service with an Aa2 rating, citing support from the district’s sales tax.
Read more: https://www.progressiverailroading.com/passenger_rail/news/Dallas-council-backs-federal-funding-for-17-billion-downtown-subway--63063
The Dallas City Council gave unanimous approval Wednesday to a proposal to continue with the building of a second light-rail alignment going through downtown Dallas, also known as D2.
The council also said it would support Dallas Area Rapid Transit (DART) in obtaining a Federal Transit Administration grant to help fund the project. The cost estimate for the subway and light rail is $1.7 billion, with up to 50% potentially funded with a federal grant, according to an article on the WFAA website.
Dallas Mayor Eric Johnson called the vote "an important step forward for a potentially transformative project for our city."
D2 has been in the works since 2007. The planned 2.4 mile route would include three subway stations and two above-ground stations with service on the green and orange lines. D2 was originally scheduled for completion in 2024 but now the project is to start sometime in 2022 and be fully operational in 2028, according to the latest numbers.
DART, which has one of the largest transit systems in the country, will maintain a stable outlook from Moody’s Investors Service with an Aa2 rating, citing support from the district’s sales tax.
Read more: https://www.progressiverailroading.com/passenger_rail/news/Dallas-council-backs-federal-funding-for-17-billion-downtown-subway--63063