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 names new leadership

Keith Jones, formerly of URS Corp., will serve as interim executive director, while Ozell Hayes will serve as interim director for safety, security and training.

FRA finds Amtrak at fault for violating ADA passenger's rights

According to the agency, the train station lacks required public telephone technology for people who are deaf or hard of hearing; does not provide a visual information system for passengers waiting outside on platforms to update them about delays and schedule changes.

Valley Metro expands 'Safe Place' program at 4 new light rail stations

Valley Metro’s partnership with Safe Place began in 2013. Teens that are homeless, have left their homes because of abuse or neglect, or have been asked to leave by parents or guardians can seek help at any light rail station 24-hours a day.

Bombardier's joint venture to build 15 high speed trains for China

The contract for 15 eight-car CRH380D trainsets is valued at approximately 2.4 billion Chinese RMBs ($381 million U.S., 339 million euro).

MBTA needs $7.3B to repair rail system

The backlog could be wiped out by 2040 if the T spends $765 million annually on the maintenance backlog — rather than the current $610 million.

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 resource for managers of class 1-7 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