SFMTA Receives $116 Million Award from CalSTA

SFMTA Receives $116 Million Award from CalSTA
By

Two Light Rail Vehicles at a Station Platform

A Snapshot from our most recent round of service changes

Back in June, we published a blog about the loss of Proposition A, the Muni Reliability and Street Safety Bond, and what it would mean for our infrastructure projects going forward.

In the post, we reaffirmed our commitment to find alternative sources for these funds. We know that improving Muni and making streets safer remain priorities for our community—and we’re dedicated to making that a reality. We’ve also committed to being transparent about our financial situation and budget, and we have good news to share on that front.

Last week, the California State Transportation Agency (CalSTA) awarded us $116 million for SFMTA Core Capacity projects as part of the fifth cycle of the Transit and Intercity Rail Capital Program (TIRCP). This historic investment will be used to directly fund projects that will make Muni more reliable and dependable. Speeding up Muni and making it a more desirable option for San Franciscans benefits all of us—including easing congestion

Three key components of our system will benefit from this money. Funding for this project will implement the Muni Forward program on three key corridors (K, N, and the 38R Geary lines) to enhance reliability, efficiency, travel times, and rider comfort. Muni Forward has already been successfully deployed on 70 miles of Transit Priority Projects across San Francisco. The new Muni Forward projects will promote reliability and ridership gains on the K Ingleside and N Judah rail lines, and the 38 Geary bus line.

Two phases of our Train Control Update Project will also receive funding from CalSTA. This project will eventually increase capacity by 20 percent on our vehicles that travel through the Market Street tunnel and will for the first time provide the ability for centralized line management of the entire light rail system.

Lastly, CalSTA is providing funding for a Muni Metro Modernization Planning Study, which will identify the next package of investments to provide additional capacity and reliability improvements for the Muni Metro. Together, these infrastructure improvements will provide Muni rail customers faster, longer trains and a quality of service that can be relied on for time-sensitive trips.

The SFMTA also received news last week that Moody’s Investors Service has assigned an Aa3 on revenue bonds forthe SFMTA's outstanding revenue bonds and the agency’s planned issuance of revenue bonds to help fund critical capital projects. Although this is a downgrade from our previous Aa2 rating, Aa3 is currently the highest rating for US mass transit systems’ revenue bonds secured by general operating revenue. Moody’s also assigned the SFMTA a rating outlook of “stable” based on the expectation that our finances will be balanced with federal aid over the next 18-24 and the SFMTA’s commitment to proactively seek additional revenue sources to a maintain structural balance. You can read more about the announcement at our Press Center.

We will continue to update the public as we get a better sense of our financial outlook and identify alternate funding sources for projects that depended on Proposition A funding. We will continue to have more conversations and engagement with community members and community-based organizations on their priorities to deliver a transportation system that works for all San Franciscans.

Published July 09, 2022 at 01:05AM
https://ift.tt/hSTMxCg

Comments

New top story from Time: How 3 Key In the Heights Scenes Were Reimagined From Stage to Screen

https://ift.tt/3iIBhAh When director Jon M. Chu first saw the musical In the Heights on Broadway in 2008, his imagination whirred to life with possibilities. “Imagine if this was in a tunnel and the tunnel lights up?” he remembers thinking while sitting in the theater. “Imagine if you could look through a window of somebody dreaming, and the community could be reflected in the reflection?” More than a decade later, Chu is bringing these reveries to life as the director of the musical’s film adaptation, which arrived in theaters and on HBO Max on June 11. While other recent film-to-stage adaptations — like Ma Rainey’s Black Bottom and One Night in Miami — have leaned into the intimate, contained aesthetic of theatrical performances, Chu’s In the Heights has the ambition and scale of the most epic blockbuster films, complete with hundreds of extras and dancers, vibrant animated graphics, gravity-defying Fred Astaire-inspired dance numbers, and plenty of slick camerawork ...

Jason Roy chooses one between Rohit Sharma, David Warner as his opening partner https://ift.tt/3fkBiWu

Rohit Sharma and David Warner are two of the most destructive openers in the limited-overs format. The duo had been reigning the opening spot for their respective sides for years. Both the players continue to be the mainstays for their countries in all the three formats of the game. from IndiaTV: Google News Feed https://ift.tt/2ZjgDNe

New top story from Time: Watch TIME’s First-Ever ‘Uplifting AAPI Voices’ Summit Featuring Senator Mazie Hirono, Constance Wu, Prabal Gurung and More

https://ift.tt/3oYxakw In recognition of Asian American and Pacific Islander Heritage Month, TIME hosted its first-ever Uplifting AAPI Voices Summit on May 27, 2021. The virtual event, hosted by journalist Lisa Ling, featured conversations with leaders, activists, and artists that highlighted perspectives on identity, creativity, equity, and impact. “ I know that our community has been beset by challenges this year, but I’m moved by how our community has come together in a way that I have never experienced before,” Ling said in her opening remarks. [time-brightcove not-tgx=”true”] During the summit, actress and producer Constance Wu and author Jenny Han spoke with TIME senior editor Lucy Feldman about the power of storytelling and the importance of representation. Han noted that she hoped that going forward, there would be a wider of expanse of stories told and a “bigger palette” to draw from, with more films and books featuring South Asian ...

New top story from Time: Jasper Johns: “Dying While on Assignment Doesn’t Seem Like a Bad Idea”

https://ift.tt/39PD2WS Jasper Johns, possibly America’s most famous living artist and still plying his trade at 91, launches two retrospectives on Sept. 29; one at the Whitney Museum of American Art in New York City and the other at the Philadelphia Museum of Art . The exhibitions, known collectively as Mind/Mirror, illuminate the through lines of Johns’ large body of work: his fascination with such everyday symbols as numbers, targets, maps and flags; his sometime habit of limiting his color palette to red, blue, yellow and orange; and his exploration of such techniques as collage, hatching and scale. One section of the Whitney is dedicated to his variations on the motif of a Savarin coffee can crammed with brushes, which is widely believed to be the artist’s way of representing himself. Johns, who famously destroyed all his prior work before painting his first flag, lives in Connecticut and rarely gives interviews. He answered questions from TIME via email. [time-brightco...

FOX NEWS: 9-year-old kid finds $5k in cash while cleaning used car Sometimes, it literally pays to clean your car.

9-year-old kid finds $5k in cash while cleaning used car Sometimes, it literally pays to clean your car. via FOX NEWS https://ift.tt/3fTmQpQ

New top story from Time: Our Eyes on the Virus: Why We Still Need Widespread Rapid Testing Even With Vaccines

https://ift.tt/3i5MoTN The vaccines are here. Why do we still need testing? Testing is our eye on the virus. Without testing, we can’t see where it is or where it is going. As fall and winter set in, outbreaks will again occur, sparked by the unvaccinated. And most people become infectious before they know they are infected. Frequent and accessible rapid testing is a tool that if deployed last summer and fall would have saved 100,000 lives. The U.S. missed the opportunity to use frequent rapid testing to stop individuals from unintentionally spreading the lethal SARS-CoV-2 virus to our most vulnerable and avert the horrific winter surge. By rapid tests, I mean the tests that an individual can conduct without a laboratory (ideally in the privacy of their own home) with results given in real-time. There are two types: rapid antigen tests, which look for the virus’s proteins and detect infectious levels of virus. The other lets you know you’ve been infected: rapid molecular...

FOX NEWS: Nathan's hot dog eating contest returns July Fourth — outdoors and with a crowd America’s most delicious wiener war returns to Coney Island on the Fourth of July – outdoors, under the sun and open to the public.

Nathan's hot dog eating contest returns July Fourth — outdoors and with a crowd America’s most delicious wiener war returns to Coney Island on the Fourth of July – outdoors, under the sun and open to the public. via FOX NEWS https://ift.tt/3p35tr1

FOX NEWS: Toddler admitted into American Mensa has an IQ of 146, makes history as youngest member A 2-year-old girl has just made history as the youngest member of American Mensa.

Toddler admitted into American Mensa has an IQ of 146, makes history as youngest member A 2-year-old girl has just made history as the youngest member of American Mensa. via FOX NEWS https://ift.tt/3yHFGc7

New top story from Time: Germany Has Officially Recognized Colonial-Era Atrocities in Namibia. But For Some, Reconciliation Is a Long Way Off

https://ift.tt/3fVRkaO The German government formally recognized colonial-era atrocities against the Herero and Nama people in modern-day Namibia for the first time, referring to the early 20th century massacres as “genocide” on Friday and pledging to pay a “ gesture to recognize the immense suffering inflicted.” “In light of the historical and moral responsibility of Germany, we will ask Namibia and the descendants of the victims for forgiveness,” said German Foreign Minister Heiko Maas in a statement , adding that the German government will fund projects related to “reconstruction and the development” of Namibia amounting to €1.1 billion ($1.3 billion). The sum will be paid out over 30 years and must primarily benefit the descendants of the Herero and Nama, Agence France-Presse reported . [time-brightcove not-tgx=”true”] Although it’s a significant step for a once colonial power to agree such a deal with a former colony, there’s skepticism among some experts and ob...

New top story from Time: The Most Powerful Court in the U.S. is About to Decide the Fate of the Most Vulnerable Children

https://ift.tt/34relNF When child custody cases come before family courts, judges endeavor to base their rulings on the best interests of the child. Overall, the court is less interested in which parent might have the most right to the children than in how best to help the children thrive. The Supreme Court might now be walking a very similar line. It is on the verge of deciding a landmark case that could have a profound impact on the more than 400,000 vulnerable children who find themselves in the U.S. foster care system. Its ruling could also have major implications for LGBTQ rights, religious liberty and nondiscrimination laws across America. [time-brightcove not-tgx=”true”] The case, Fulton v. City of Philadelphia , was sparked when the city said it would no longer contract with a faith-based agency, Catholic Social Services (CSS), to provide foster services after a 2018 Philadelphia Inquirer article revealed that it would not certify same-sex couples to be foster pare...

My precise view

Search This Blog