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

Japanese rail line apologizes for train leaving early

In the statement, the company noted that it hadn't actually received any complaints regarding the incident.

Feds find ignored safety procedures, fractured safety program led to Amtrak derailment

The train engineer saw equipment and people working on and near track 3 and initiated emergency braking that slowed the train from 106 mph to approximately 99 mph at the time of impact.

Amtrak continues next phase of Penn Station infrastructure work

The railroad is working with NJ TRANSIT and Long Island Rail Road on an overall service plan that minimizes the impact to all New York Penn Station customers to the greatest extent possible.

Alstom to deliver 27 'Jazz' trains to Trenitalia

The delivery is part of an order worth about $198 million.

Commuter rail station named Colo. APWA 'Project of the Year'

It shares signature elements with other Eagle P3 commuter rail stations, such as its glass-and-steel elevator, but custom components make it unique among all other stations — such as its 24 by 14 foot pedestrian underpass.

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