The US Federal Budget package that will be considered for approval by Congress includes a USD 100 million investment in the Peninsula Corridor Electrification Project (PCEP).
Approximately USD 73 million in Federal Core Capacity funding has already been set aside for the project in prior years. Approval of the 2017 budget and execution of a Full Funding Grant Agreement (FFGA) by the Federal Transit Administration would make over 25 percent of Caltrain’s total USD 647 million Federal funding request immediately available to start construction of the project.
Over USD 1.3 billion has been secured to modernize Caltrain and operate electric trains that will expand capacity and deliver faster, more frequent service to Peninsula communities. The project is ready to start construction, and the final step is approval of the federal grant.
The inclusion of funding or the project in the 2017 budget provides Caltrain with the best indication yet that Federal investment in transit infrastructure will continue.
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