The $545.9 million loan for the $1.75 billion Crenshaw/LAX Line is now a done deal, one beneficiary of the enhanced TIFIA (Transportation Infrastructure Finance and Innovation Act) loan program approved by Congress this summer as part of the federal transportation reauthorization, MAP-21. The 8.5-mile light rail line and six stations will connect to the Green Line and the Expo Line.

Read the U.S. Department of Transportation press release here.