Grant Funding Comes Through for BART Silicon Valley Extension
The Santa Clara Valley Transportation Authority will receive a $900-million grant commitment from the Federal Transit Administration for the BART Silicon Valley Berryessa Extension Project.
FTA Deputy Administrator Therese W. McMillan presented the $900-million Full Funding Grant Agreement at a ceremony at San Jose City Hall Monday, along with the first $100-million allocation. The FFGA is a multi-year contractual agreement that formally defines the project scope, cost and schedule, and establishes the terms of the federal financial assistance.
The VTA says the execution of the FFGA is the final step before construction on the 10-mi, two-station BART extension can begin. A project groundbreaking is planned for April 12.
The cost of the project is approximately $2.3 billion, which includes $900 million in federal assistance, $251 million in state funding and $1.179 billion from Measure A sales tax.