The largest investment, $975 million, would go toward upgrading the Southwest Corridor parallel to I-5, and includes an 11-mile extension of the MAX light rail line.
The consortium, led by global infrastructure owner-developer John Laing Investments Ltd., will design, build and finance the new 18-km, 19-stop light rail transit line.
As the U.S. Environmental Protection Agency continues to sign off on new Water Infrastructure Finance and Innovation Act loans, one of its latest WIFIA approvals has a new twist.