Sac RT, Sacramento Railyard project receive millions in SB1 funding from California Transportation Authority
https://www.elkgrovenews.net/2020/04/sac-rt-sacramento-railyard-project.html
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| The Railyard project in Sacramento will receive funding for an access route to the Sacramento Valley Station. | |
Yesterday the California State Transportation Agency today announced it has awarded $500 million to 17 recipients as part of its Transit and Intercity Rail Capital Program (TIRCP) grant program. These particular grants focused on primarily on rail-based transit projects.
Among rail-oriented projects receiving grants in the Sacramento region are the Capitol Corridor Joint (CCJPA) Powers Authority and Sacramento Regional Transit. The CCJPA includes the city of Sacramento, Sacramento Regional Transit and the Downtown Railyards Venture, LLC.
The CCJPA was granted $3,914,000 toward a new northside station access route to connect the Sacramento Valley Station to the future Railyards Plaza, where 10,000 housing units are planned. The total estimated cost of that project is $6,014,000.
Sacramento Regional Transit was awarded $23,600,000 for the purchase of eight new low-floor light rail vehicles to enable low-floor operations on the Gold Line. The total cost of that project is estimated to be $47,200,000.
“The $500 million in grant awards made today will increase transit service on new and existing routes, provide for a more integrated transit system, reduce greenhouse gas emissions, and support jobs,” California State Transportation Agency Secretary David S. Kim said. “Although the current COVID-19 pandemic is putting tremendous stress on transit agencies, these funds support long-term capital projects to be completed in the years to come, and will help support the economic recovery in the years ahead.”
The funding for these and others projects statewide is being provided for design and construction and is complemented by investments of federal, local, and other state funds. In total, the projects receiving funding leverage more than $4.9 billion in additional funding.
Since 2015, TIRCP has provided more than $5.8 billion in multi-year capital funding towards 74 projects or project phases with a total cost of more than $25 billion. TIRCP funding is provided through the Road Repair and Accountability Act of 2017 (SB 1) and from the Cap and Trade program proceeds.
Among rail-oriented projects receiving grants in the Sacramento region are the Capitol Corridor Joint (CCJPA) Powers Authority and Sacramento Regional Transit. The CCJPA includes the city of Sacramento, Sacramento Regional Transit and the Downtown Railyards Venture, LLC.
The CCJPA was granted $3,914,000 toward a new northside station access route to connect the Sacramento Valley Station to the future Railyards Plaza, where 10,000 housing units are planned. The total estimated cost of that project is $6,014,000.
Sacramento Regional Transit was awarded $23,600,000 for the purchase of eight new low-floor light rail vehicles to enable low-floor operations on the Gold Line. The total cost of that project is estimated to be $47,200,000.
“The $500 million in grant awards made today will increase transit service on new and existing routes, provide for a more integrated transit system, reduce greenhouse gas emissions, and support jobs,” California State Transportation Agency Secretary David S. Kim said. “Although the current COVID-19 pandemic is putting tremendous stress on transit agencies, these funds support long-term capital projects to be completed in the years to come, and will help support the economic recovery in the years ahead.”
The funding for these and others projects statewide is being provided for design and construction and is complemented by investments of federal, local, and other state funds. In total, the projects receiving funding leverage more than $4.9 billion in additional funding.
Since 2015, TIRCP has provided more than $5.8 billion in multi-year capital funding towards 74 projects or project phases with a total cost of more than $25 billion. TIRCP funding is provided through the Road Repair and Accountability Act of 2017 (SB 1) and from the Cap and Trade program proceeds.
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