Good News Out of Washington D.C. for Silicon Valley and the Bay Area: Caltrain Electrification and Modernization Project Powers Ahead
May 22, 2017 – After 21 years of tireless advocacy, the Silicon Valley Leadership Group is pleased to report Caltrain’s Electrification and Modernization project is now fully approved and funded. Earlier today, the Federal Transit Administration (FTA) announced formal approval of a Full Funding Grant Agreement (FFGA) providing $647 million, the final funding component for the project.
With the signed FFGA, Caltrain can immediately access millions of dollars in federal appropriations and proceed with the shovel-ready project. “This news, quite clearly, is electrifying,” said Silicon Valley leadership Group CEO Carl Guardino, California Transportation Commissioner. “This single step nearly doubles Caltrain ridership, which is a game changer for the congested Highway 101 corridor.”
We applaud the Federal Transit Administration, U.S. Secretary Elaine Chao, Senator Dianne Feinstein, along with Senator Kamala Harris, House Minority Leader Nancy Pelosi, and many Bay Area and Silicon Valley leaders who helped Silicon Valley achieve this historic milestone. Our combined efforts have secured $1.98 billion in local, state and federal dollars.
The Leadership Group could be considered dogged in its leadership and advocacy over the years to electrify and modernize Caltrain. Why you ask – Because the benefits to our more than 400 member companies, communities and Bay Area economy were too important to be treated as a short-term whim.
Consider These Facts:
- Electrification alone is projected to nearly double the daily ridership of Caltrain from 65,000 to 110,000 and save more than 600,000 vehicle miles each daily trip on heavily congested roadways such as Highways 101 and 280.
- Each year, the reduction in polluting greenhouse gases would be the equivalent of removing 40,000 cars off Bay Area roads.
- When finished, the new trains will reduce travel time between San Jose and San Francisco by 15 percent.
Construction will put 9,600 people to work across sixteen states.
Whether you’re going to a San Francisco Giant’s game, San Jose Shark’s game, or getting to and from work, this is a big win for commuters and Bay Area residents alike.