DART Secures Cotton Belt Financing

On Friday, December 21, U.S. Transportation Secretary Elaine L. Chao announced that the U.S. Department of Transportation’s Build America Bureau will provide the Dallas Area Rapid Transit (DART) System a $908 million Railroad Rehabilitation & Improvement Financing (RRIF) direct loan for financing the Cotton Belt Rail Project. DART anticipates that the 26-mile corridor that runs from Plano, through Addison, to DFW Airport will be completed by the end of 2022.