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 Spirited Away Changed Animation Forever

https://ift.tt/3xVoGP5 Twenty years ago, on July 20, 2001, a film that would become one of the most celebrated animated movies of all time hit theaters in Japan. Directed by Hayao Miyazaki and produced by Studio Ghibli, Sen to Chihiro no Kamikakushi, titled Spirited Away in English, would leave an indelible mark on animation in the 21st century. The movie arrived at a time when animation was widely perceived as a genre solely for children, and when cultural differences often became barriers to the global distribution of animated works. Spirited Away shattered preconceived notions about the art form and also proved that, as a film created in Japanese with elements of Japanese folklore central to its core, it could resonate deeply with audiences around the world. [time-brightcove not-tgx=”true”] The story follows an ordinary 10-year-old girl, Chihiro, as she arrives at a deserted theme park that turns out to be a realm of gods and spirits. After an overeating incident ...

New top story from Time: HRC Files Lawsuit Challenging Florida’s Transgender Sports Ban—and Announces More To Come

https://ift.tt/3howgdO LGBTQ civil rights group The Human Rights Campaign (HRC) announced on Wednesday that it has filed a federal civil rights lawsuit challenging Florida’s “Fairness in Women’s Sports Act,” which Gov. Ron DeSantis signed into law on June 1 banning transgender women and girls from taking part in women’s sports. HRC argues that the law violates both the Constitution and existing federal anti-discrimination law. HRC also announced plans to file similar challenges to anti-trans laws in Arkansas, Mississippi and Tennessee in the near future, marking the first time it has taken legal action in those states. [time-brightcove not-tgx=”true”] “We have seen an unprecedented attack on transgender young people, which requires an unprecedented response,” HRC’s President Alphonso David tells TIME of the group’s decision to bring litigation. “We’re [all] entitled to equal protection under the law. And what this law does is discriminate against transgender girls. It trea...

Amit Shah to visit West Bengal as BJP, TMC cross swords after attack on Nadda's convoy https://ift.tt/3gzz9Yq

Senior Bharatiya Janata Party leader and Union Home Minister Amit Shah is likely to visit West Bengal later this month. It will be Shah’s second visit to the poll-bound state within a month.

FOX NEWS: Olympic gymnasts sound off on the evolving leotard: 'Power and prestige goes with those leos' The world may have grown accustomed to seeing Olympic gymnasts wearing leotards as they compete for the highest honor in the sport, but these garments haven’t always been the first pick for women.

Olympic gymnasts sound off on the evolving leotard: 'Power and prestige goes with those leos' The world may have grown accustomed to seeing Olympic gymnasts wearing leotards as they compete for the highest honor in the sport, but these garments haven’t always been the first pick for women. via FOX NEWS https://ift.tt/3BQEKE3

FOX NEWS: Mom accidentally walks by daughter’s Zoom call naked, recalls story in hilarious Facebook video: 'Humiliating'

Mom accidentally walks by daughter’s Zoom call naked, recalls story in hilarious Facebook video: 'Humiliating' This first-grade class got quite the eyeful. via FOX NEWS https://ift.tt/3gw5HCs

New top story from Time: The 5 Best New TV Shows Our Critic Watched in May 2021

https://ift.tt/2RRfMSR Finally: the sun is shining , the weather is warming, COVID-era regulations are relaxing as infection rates plummet and vaccination numbers (slowly) keep ticking upward. It may not be time to hang the “mission accomplished” banner—is it ever time to hang such a banner?—but as immunity sets in, May 2021 has seen America’s masked, distanced millions begin to venture out of our living rooms and back to some semblance of in-person social life. So, of course, this is the month that the TV gods chose to deliver the year’s biggest and best selection of new programming to date. Isn’t that always the way? [time-brightcove not-tgx=”true”] It was a struggle to narrow down the list to just five highlights. I also suggest checking out Starz’s Run the World , Apple TV+’s 1971: The Year That Music Changed Everything , Showtime’s Ziwe and HBO’s rebooted In Treatment . For even more recommendations, here are my favorite new and returning shows of the year so far. ...

New top story from Time: China Says It Will Provide COVID-19 Vaccines to Almost 40 African States

https://ift.tt/3f34nYP BEIJING — China said Thursday it is providing COVID-19 vaccines to nearly 40 African countries, describing its actions as purely altruistic in an apparent intensification of what has been described as “vaccine diplomacy.” The vaccines were donated or sold at “favorable prices,” Foreign Ministry official Wu Peng told reporters. Wu compared China’s outreach to the actions of “some countries that have said they have to wait for their own people to finish the vaccination before they could supply the vaccines to foreign countries,” in an apparent dig at the United States. “We believe that it is, of course, necessary to ensure that the Chinese people get vaccinated as soon as possible, but for other countries in need, we also try our best to provide vaccine help,” said Wu, who is director of the ministry’s Africa department. While the U.S. has been accused by some of hoarding vaccines, President Joe Biden on Monday pledged to share an additional 20 mi...

New top story from Time: Maryland In-Custody Death Reports to Be Reviewed After Medical Examiner’s Testimony in Chauvin Trial

https://ift.tt/3vgA5r0 BALTIMORE — Maryland officials said they will review all in-custody death reports during the tenure of the state’s former chief medical examiner after he testified that former Minneapolis police officer Derek Chauvin was not responsible for George Floyd’s death. Dr. David Fowler, Maryland’s chief medical examiner from 2002 to 2019, was a key defense witness for Chauvin, who was convicted Tuesday of murder and manslaughter for kneeling on Floyd’s neck for more than nine minutes. The announcement of the investigation came from Attorney General Brian Frosh and Gov. Larry Hogan on Friday, less than 24 hours after the attorney general’s office received a letter from D.C.’s former chief medical examiner Roger Mitchell, and signed by 431 doctors from around the country, saying Fowler’s conclusions were so far outside the bounds of accepted forensic practice that all his previous work could come into question. “Dr. Fowler’s stated opinion that George Floyd...

'Severe': Delhi air pollution soars to season's high, AQI mounts to 448 https://ift.tt/3evOKam

Delhi's air quality on Friday continued to deteriorate to its worst level 'Severe category', according to the Central Pollution Control Board (CPCB). It said that Air Quality Index is at 422 in Anand Vihar, 407 in RK Puram, 421 in Sector 8 of Dwarka, and 430 in Bawana. At ITO, the board said that AQI was at 448. All are in the 'Severe category'.

New top story from Time: The Overlapping Worlds of Author Amor Towles

https://ift.tt/3AUkxMM Amor Towles had never actually been beneath the vaulted ceiling of an Adirondack lake house when he described the one in his 2011 debut, the best-selling Rules of Civility . He could only imagine the appeal of such an exalted communal space—“this great room where the family gathers”—until, while shopping for a second home with the money from that book, he found himself touring a property an hour and a half north of Manhattan. “I was like, This is it!” says Towles, throwing his arms toward a 30-ft. ceiling that, like the glistening lake outside, now belongs entirely to him. “It was this weird thing where I was kind of buying the living room that I had written about,” he says. “Which, in a Stephen King novel, would end badly.” [time-brightcove not-tgx=”true”] In the storybook life of Amor Towles, however, the new owner lays down thick Oriental rugs (thicker still where they overlap), sets his laptop on a long oval table by floor-to-ceiling windows and—...

My precise view

Search This Blog