The Portland-Milwaukie Light Rail can move into full construction, following the Federal Transit Administrator’s announcement Tuesday that 50 percent of the funding will come from the feds.
Peter Rogoff came to Portland to sign an agreement committing roughly half the money needed for the line. That’s $745 million.
The other half of the money will be split between local agencies and governments like: TriMet, Metro, the Oregon Department of Transportation, Clackamas and Multnomah Counties and the City of Portland.
Mary Fetsch of TriMet says workers can now go into full construction mode.
“Some of the project has been under contraction because they’re long lead items and need to have started early in order to keep the project on schedule. And now with this agreement from the federal government to pay 50 percent of it, it now means we can move into full construction and now move forward and look forward to a 2015 opening,” she said.
TriMet estimates the project will create up to 14,000 direct and indirect jobs.