August 15, 2016 – The Silicon Valley Leadership Group applauds today’s action by the California State Transportation Agency that will bring $20 million to Silicon Valley to continue critical work to extend BART through San Jose all the way to the Santa Clara Caltrain station.
“Through Secretary’s Kelley’s commitment that the Administration is stepping forward not only with funding this year, but for years to come, underscores the type of state and local partnership for the BART extension that we enjoyed with Phase I to Milpitas and Berryessa, and know we can count on for Segment II to Alum Rock, San Jose State, SAP Arena at Diridon Station and Santa Clara,” said Carl Guardino, Silicon Valley Leadership Group CEO and CTC Commissioner. “It is one more step to removing barriers to sustained economic growth and improved quality of life for Valley residents.”
The foundation for the grant award was set by the passage of Senate Bill 9, the Greenhouse Gas Reduction Fund/Transit and Intercity Rail Capital Program, introduced by Senator Jim Beall and signed into law last year. The bill authorizes multi-year grant funding under the Transit and Intercity Rail Capitol Program, or TIRCP, to provide a new level of financial certainty for continuing projects.
“The investment of cap-and-trade dollars is a transformative moment for the Bay Area. Not only does this commitment support the BART extension to Silicon Valley but it also provides $20 million to electrify Caltrain and improves integration with transit and intercity rail services at Diridon station meaning more commute options and faster travel times for thousands of Caltrain riders,” said Guardino. “Now the rest, in part, is left up to the voters to support Measure B, the Traffic Relief and Road Repair Measure, on the November ballot.”
The 30-year half cent sales tax will provide $6.5 Billion in transportation funding including $1.5 Billion to complete the BART extension, $1 Billion for capacity and safety improvements on Caltrain in addition to:
· $750 million for county expressway improvements
· $750 million for highway interchange improvements
· $500 million for mass transit for the most vulnerable
· $350 million to relieve traffic congestion on the Hwy.85 corridor
· $250 million to support pedestrian and bicycle safety
· $1.2 million for street maintenance and pothole repair
Full release here: calsta.ca.gov/Newsroom/CalSTA-News/CalSTA-News-Items/2016-08-16-Agency-Awards-390Mil-in-Cap-and-Trade-Grants.aspx