Link investor

LA Metro and CHSRA Board of Directors Finalize $423.34 Million Deal with Link Union Station

The California High-Speed ​​Rail Authority (CHSRA) Board of Directors has approved a multi-million dollar project management and funding agreement with the Los Angeles Metropolitan Transit Authority (LA Metro) to upgrade the historic station from LA Union via the Link Union Station (Link US) project.

The Link US project will allow trains to enter and exit from the north and south of the station, increasing rail service capacity and reducing train downtime. In addition, the project will improve connections between Metrolink, Metro Rail and bus services. The project will also accommodate future high-speed rail service and includes a new widened passage under the tracks and new platforms, escalators and elevators.

“We congratulate the California High Speed ​​Rail Authority’s Board of Directors on their approval of this significant $423.335 million funding agreement for Metro’s Link Union Station Phase A project, a key funding milestone. for the [CHSRA] bookend project here in Southern California,” said LA Metro CEO Stephanie N. Wiggins. “Metro remains committed to working closely with the [CHSRA] bring more investment to improve this vital rail corridor for passengers, accommodate the future high-speed rail and promote economic development in the region.

The final stage of the agreement took almost six years. CHSRA executed a contract with LA Metro to fund a share of the development costs of the Link US project in May 2016. A year later, in March 2017, the CHSRA Board of Directors approved up to $18.7 million. dollars to help fund engineering and technical studies and clean up a range of investments to help upgrade and integrate high-speed rail at Link US.

More than two years later, in September 2019, CHSRA and LA Metro agreed to work collaboratively to secure approval for $423 million in Proposition 1A funds for the Link US project. In April 2020, the CHSRA Board of Directors approved a preliminary funding plan that detailed the release of Proposition 1A funds that had been appropriated by the California Legislature.

“Today’s board approval is another example of the incredible progress happening in the Southern California region,” said LaDonna DiCamillo, Southern California Regional Manager. “We are excited to partner with Metro to enable future high-speed rail service to Union Station in Los Angeles.”