Boston: MBTA obtains $382 million in federal loans for PTC work

From Progressive Railroading Magazine; November 14, 2017

The Massachusetts Bay Transportation Authority (MBTA) has secured $382 million in federal loans to implement positive train control (PTC), the agency announced yesterday.

The federal Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) programs issued the loans under a combined commitment agreement — a first for the federal programs, MBTA officials said in a press release.

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