A spokesman for Detroit’s public-private partnership M-1 Rail project, now under construction, told a community group Thursday evening, Jan. 29, 2015, the project would be open for passenger service sometime next year.
Supporters of Detroit’s M-1 (or M1) streetcar project said Tuesday, Dec. 23, 2014, that agreements had been “finalized for the second phase of an approximately $40 million total in New Markets Tax Credit [NMTC] financing.”
Reports that Detroit’s public-private partnership overseeing construction of the Motor City’s M1 (or M-1) initial streetcar line has selected Ostrava, Czech-Republic-based Inekon Trams, a.s., for streetcar vehicles are not quite accurate, a spokesman for the project asserts.
Welded rail is scheduled to begin apparing on Detroit’s Woodward Avenue as rail infrastructure begins appearing for the city’s M1 (or M-1) streetcar project.
Add Ford Motor Co. and DTE Energy to the list of Detroit-area companies committing funding and other support to the nascent Detroit M1 (or M-1) streetcar project, now under construction.
Detroit’s M1 (or M-1) streetcar project, now under construction and backed by a public-private partnership, will get a $12.2 million funding assist from federal Transportation Investment Generating Economic Recovery (TIGER) grant.
July 28, 2014, is the date now set for groundbreaking ceremonies initiating work on Detroit’s M1 steetcar project, M1 officials said Friday, June 27.
A projected $12 million funding gap will not deter continued planning for Detroit’s M1 (or M-1) streetcar line, project supporters have vowed.
Michigan Economic Development Corporation’s Michigan Strategic Fund has approved a 10-year loan, with a 2% interest rate, to assist development of Detroit’s streetcar plan, currently still dubbed M1 (or M-1).
Supporters of Detroit’s public-private partnership advancing a $140 million initial streetcar line say construction will likely begin this spring.
