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L.A. County to get $546 million loan for train line

Posted: October 1, 2012 2:00 p.m.
Updated: October 1, 2012 2:00 p.m.
 

LOS ANGELES (AP) — Los Angeles County will receive more than a half-billion dollars in federal money to build a long-awaited commuter rail line through southwest LA.

The U.S. Department of Transportation announced Monday that a loan of nearly $546 million has been approved for the project. That's more than a third of the projected cost of $1.75 billion.

The money will help construct an 8 ½-mile light rail line to link the existing Metro Exposition Line to the Green Line near Los Angeles International Airport.

When it opens in six years, the line will serve the cities of Los Angeles, Inglewood, Hawthorne and El Segundo; and portions of unincorporated Los Angeles County.

Most of the project funding comes from a half-cent sales tax approved by LA county voters in 2008.

Copyright 2012 The Associated Press.

 

 

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