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

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: ‘It’s a Catastrophe.’ Iranians Turn to Black Market for Vaccines as COVID-19 Deaths Hit New Highs

https://ift.tt/3AODY94 In January, Iranian Supreme Leader Ayatollah Ali Khamenei made the sudden announcement that American and British-made COVID-19 vaccines would be “forbidden” as they were “completely untrustworthy.” Almost nine months later, Iran is facing its worst surge in the virus to date — a record number of deaths and infections per day with nearly 4.2 million COVID-19 patients across the country , and a healthcare system near collapse. “It’s a catastrophe; and there is nothing we can do,” said an anesthesiology resident in one of Tehran’s public hospitals who due to the current surge is tasked to oversee the ICU ward for COVID-19 patients. “We can’t treat them nor help them; so all I can ask people to do is to stay home and do whatever it takes to not get exposed.” The doctor requested anonymity in order to speak freely; others interviewed by TIME asked to be identified only by their first name. [time-brightcove not-tgx=”true”] The scale of the crisis is such ...

BRT Service on Van Ness to Begin Tomorrow

BRT Service on Van Ness to Begin Tomorrow By Jiaying Yu Tomorrow, April 1, we will cut the ribbon on San Francisco’s first Bus Rapid Transit (BRT) corridor on Van Ness Avenue. The public is invited to join and celebrate this historic moment in front of the War Memorial. The ribbon-cutting will include speeches from local and state leaders, performances from local musicians and giveaways. After the ribbon is cut, there will be an inaugural ride on the new Van Ness BRT corridor to North Point where the celebration continues with live music. BRT service on Van Ness is part of Muni’s Rapid Network, which prioritizes frequency and reliability for customers. Muni and Golden Gate Transit customers are expected to experience 32% shorter travel times. With dedicated transit lanes in the middle of the road, enhanced traffic signals with Transit Signal Priority and new platforms and shelters, the Van Ness BRT corridor will be the fastest way to travel north-south in this part of...

Supreme Court to hear plea against UGC guidelines today as students oppose circular on final year exams https://ift.tt/30023ug

The Supreme Court on Monday is set to hear petitions challenging the UGC guidelines, which made it mandatory for universities to conduct their final year exams by September 30. The petitions would be heard by a three-judge bench of the top court, comprising of Justices Ashok Bhushan, R Subhash Reddy and MR Shah. The plea was filed by 31 students across several universities in India. The students, in their petition, had challenged the UGC guidelines for being arbitrary as it would compel students to appear for exams amid the COVID-19 pandemic.

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: Top baby names list for 2021 reveals familiar trends For the second year in a row, these two names are the most popular for girls and boys – leading BabyCenter's Top 100 Baby Names list.

Top baby names list for 2021 reveals familiar trends For the second year in a row, these two names are the most popular for girls and boys – leading BabyCenter's Top 100 Baby Names list. via FOX NEWS https://ift.tt/CFenBRh

New top story from Time: George Floyd Was ‘Terrified, Scared,’ Says Witness Who Recorded Derek Chauvin Kneeling on His Neck

https://ift.tt/3dcqgTi Darnella Frazier, the teenage witness who took the famous video of George Floyd being crushed into the ground by Minneapolis police officer Derek Chauvin on May 25, 2020, took the stand in Chauvin’s trial on Tuesday and described Floyd as a “man terrified, scared, begging for his life.” Frazier, who was 17 when the incident took place, was not shown on camera and only her voice was heard during her testimony. In the midst of her testimony, Frazier was soft-spoken and at times wept she when she recounted the events of that day. She told the prosecutor that on May 25, she was walking to the Cup Foods grocery store with her 9-year-old cousin to get some snacks. Outside the store, she saw Floyd on the ground with Chauvin on top of him and told her cousin to go inside the store so that the younger child would not see what was happening. “I heard George Floyd saying I can’t breathe, please get off of me. I can’t breathe. He cried for his mom. He was in ...

'General Bajwa was perspiring, his legs were shaking': Pakistan MP recalls IAF pilot Abhinandan's release https://ift.tt/3mwtYu5

Speaking in the National Assembly, Pakistan Muslim League-Nawaz (PML-N) leader Ayaz Sadiq took a dig at the ruling Imran Khan government revealing some behind the scene developments in the country when Indian Air Force (IAF) pilot Wing Commander Abhinandan Varthaman was captured by the Pakistani forces last year.

Ride to Chase Center Events Along the New T Third

Ride to Chase Center Events Along the New T Third By Christopher Ward Starting January 7, take the S Shuttle Mission Bay on the new T Third line via Central Subway to Chase Center events. Service on the new T Third Line from Chinatown Rose-Pak to Sunnydale starts January 7. With it , new event service to Chase Center will also start via Central Subway on the S Shuttle Mission Bay. During events at Chase Center, shuttles will operate between Chinatown-Rose Pak Station and UCSF/Chase Center every 10 minutes. These shuttles will start approximately two and a half hours before an event and continue for two and half hours after an event. From Chinatown to Chase Center, riding the S Shuttle Mission Bay takes about 20 minutes. Best of all, your Chase Center event ticket is your Muni fare. No additional Muni fare needed ! Both electronic and physical tickets for events – including Warriors games, concerts and other events – will serve as proof of payment for Muni serv...

My precise view

Search This Blog