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| Project Funding |
Preliminary financial analyses indicate that the project can be funded from operating revenues, with support of the $950 million federal Maglev demonstration funds authorized in TEA-21. Bond proceeds would be used to finance construction costs. Federal "TIFIA" loans and loan guarantees would enable the reduction of borrowing costs and ensure that revenues from passenger fares, cargo fees, and other miscellaneous sources such as station parking fees and station area development, would be sufficient to retire the bonds and short-term loans by 2044. |
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