Anticipated Federal Stimulus Funds Prioritized by MTC for Transbay Transit Center's Train Box
|February 13, 2009||Posted by jamie under Transbay Transit Center||
The Metropolitan Transportation Commission (MTC) released a proposal for funding priorities utilizing the anticipated $460 to $700 million for transit infrastructure projects along with several hundred million more for road projects in the Bay Area from the federal stimulus package.
In the Rincon Hill neighborhood, the Transbay Transit Center’s Train Box may receive $75 million if things happen as hoped for the federal stimulus making its way through Congress.
From the report …
Transbay Transit Center Train Box: For the Transbay Terminal, Phase 1 is fully funded at roughly $1.2 billion. Phase 1 constructs the Transbay Transit Center including the shoring walls for eventual excavation for a train box to accommodate High Speed Rail and Caltrain. With the passage of the High Speed Rail bonds in November 2008, there is an opportunity to advance the excavation of the train box – both saving an estimated $100 million in overall construction project cost and minimizing disruption in San Francisco by not having to return to excavate and instead following a more traditional ground-up construction for the terminal. The total cost of the train box is estimated at $390 million. A proposed funding plan that includes $75 million in regional FTA funds and contributions from other funding partners, including the California High Speed Rail Authority, is summarized below. This project would be subject to several conditions to ensure a
full funding plan and successful project delivery.