The project will allow BART to operate up to 30 trains per hour through the Transbay Tube.
SAN FRANCISCO—The Transbay Corridor Core Capacity project may receive a fiscal year 2018 funding allocation of $300 million through the US Department of Transportation's Federal Transit Administration Capital Investment Grants/CIG program. Upon final FTA approval of a construction grant agreement, the project will receive the funding as an initial payment on the total CIG commitment.
The project will improve capacity on the existing BART system between Oakland and downtown San Francisco. It will allow BART to operate up to 30 trains per hour through the Transbay Tube, helping to alleviate crowding and accommodate growing ridership.
In addition, FTA is also advancing the Transbay project into the engineering phase, the second phase of the CIG program. The project must still progress through additional steps in the CIG program to be eligible to receive a construction grant agreement.
The CIG program provides funding for major transit infrastructure capital investments nationwide. Projects accepted into the program must go through a multi-year, multi-step process according to requirements in law to be eligible for consideration to receive program funds.
Assuming this funding is approved, the FTA has advanced funding for 23 new CIG projects since January 20, 2017, totaling approximately $6.3 billion in funding commitments.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
