VTA achieved two critical milestones for the BART Phase II Project being the first transit agency in the nation to submit an application for EUR1.43 bn (USD1.74 bn) through the Federal Transit Administration’s (FTA) Expedited Project Delivery Pilot Program (EPD). VTA also received a EUR82.17 million (USD100 million) funding allocation from the program, announced by the FTA earlier today.  

The EUR1.43 bn (USD1.74 bn) federal funds will complete the funding plan to build BART Phase II. The newly established EPD program aims at increasing innovation, improving efficiency and timeliness of project delivery, and encouraging new revenue streams. The EUR82.17 million (USD100 million) is the second funding allocation received from the FTA program to date, with the first EUR102.66 million (USD125 million) received in August 2019 for a total of EUR184.80 million (USD225 million).  

These two major milestones for the BART Phase II Project affirm the significant merits of the project including enhanced mobility, job creation and access, economic development and recovery and congestion relief. 

The FTA’s EPD funding program enables VTA to shorten the funding process by more than 14 months ultimately streamlining project delivery. The program requires that projects utilize public-private partnerships, are planned to be operated and maintained by employees of an existing public transportation provider, and have a federal share not exceeding 25 percent of the project cost. Click here and us/61 for the tunnelbuilder archive and also visit https://www.vta.org/ 08/21.