FTA Allocates $125M for Silicon Valley Transit Project
The Federal Transit Administration officially allocated $125 million to the Santa Clara Valley Transportation Authority as part of the Bay Area Rapid Transit Silicon Valley Phase II project on August 28 – the first project to receive a funding allocation under the agency’s new Expedited Project Delivery pilot program.
That program is designed to streamline project delivery of new transit infrastructure that meets program requirements, noted FTA Acting Administrator K. Jane Williams in a statement.
“By encouraging innovative partnerships and funding from a variety of sources, projects can be completed more quickly, making better use of taxpayer dollars and bringing new transit service to growing communities,” she said.
The BART Silicon Valley Phase II project is a 6.5-mile extension of the BART system from the Berryessa Station through downtown San Jose to the City of Santa Clara. The total estimated project cost is $5.58 billion and VTA has requested nearly $1.4 billion in federal funding through this pilot program.
To receive that money, FTA said that the Santa Clara VTA must fund at least 75 percent of the project cost through local, state, and other non-federal contributions – including a public-private partnership. In turn, the agency noted it will expedite the review and evaluation of application materials under a streamlined review process as authorized by law.