Rail

BART moves forward with airport project

Posted on May 15, 2009

On Thursday, the Bay Area Rapid Transit’s (BART) Board, by a vote of seven to one, approved the last of the resolutions vital to its role in funding the Oakland Airport Connector project, which has been studied since the 1970s. The Board authorized BART staff to apply for up to $150 million in low-interest federal loans to secure the final funding.  BART expects ridership revenues to cover the cost of the loan.

The project, which would connect BART’s Coliseum Station and the Oakland Airport, will cost approximately $500 million to construct and use $70 million in federal stimulus money. The entire project would create and/or support approximately 13,000 direct and indirect jobs and generate $1.2 billion in economic activity according to the American Public Transportation Association’s formula.

“Finally, Oakland will have a world-class, environmentally-friendly transit connection from Oakland Coliseum BART station to its airport – similar to the automated people mover at SFO,” BART Board President Tom Blalock said. “Not only will this bring jobs in the short term it will also lure businesses and airlines to Oakland and if funding becomes available there could be future stations along the line to enhance the local economy.”

In addition to the $150 million loan, the rest of the funding for design and construction of the approximately $500 million project would come from local, state and federal sources.  BART expects revenue service to begin in 2013.

 

View comments or post a comment on this story. (0 Comments)

More News

Atlanta Streetcar gets FTA grant to explore system expansion

The FTA monies would go toward an “Atlanta Beltline Transit Supportive Land Use Implementation Plan,” involving 16 miles of proposed east, west and crosstown streetcar corridors.

China developing 300 mph trains to lead export of high-speed tech

Under an ambitious government plan starting this year, the country is developing trains that can run on a hybrid-propulsion system that allows higher speeds.

Part of Amtrak investment package to modernize D.C. Union Station concourse

Early action construction will start in the fall of 2016 and include the relocation of heating and ventilation. Full-phased construction, funded by the new investment package, is anticipated to start in 2017 and will seek to minimize impacts to all station users.

Talgo to return to Milwaukee location to refurbish LA Metro railcars

In 2015, Talgo settled a lawsuit against the state, resulting in the company receiving roughly $50 million and keeping the two trains that were manufactured.

Metra seeks $20M grant for PTC installation

With the grant funding, Metra plans to help fund installation of PTC on its Milwaukee West Line to Elgin and North line to Fox Lake.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close