Loan to Help Finance West Lake Corridor

The U.S. Department of Transportation has provided a $203.3 million Rehabilitation and Improvement Program loan to help fund the West Lake Corridor Project in Northwest Indiana.

The agency is building an 8-mile extension of the South Shore Line from Hammond to Dyer, Indiana.

The loan will be used to pay for about a third of the the $852 million in eligible project costs. It was issued by USDOT’s Build America Bureau to the Indiana Finance Authority on behalf of South Shore parent agency the Northern Indiana Commuter Transportation District.

The West Lake Corridor is being built on and along a former Monon Railroad right of way and is slated to open in 2025. It will have four new stations.

Other federal funding of the project includes a $354.6 million grant from the Federal Transit Administration.

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