Subject:
Title
MTC Resolution Nos. 3915, Revised, 4137, Revised, 4212, Revised, 4241 and 4243. Peninsula Corridor Electrification Project Memorandum of Understanding and Funding Plan.
This item proposes to update the funding plan for the Peninsula Corridor Electrification Project (PCEP), with certain conditions, by:
1) Authorizing the Executive Director to execute a Seven-Party Supplement to the 2012 Memorandum of Understanding regarding the High Speed Rail Early Investment Strategy for the Peninsula Corridor;
2) Programming and allocating $8.4 million of RM1 West Bay Rail Reserve funds to PCEP;
3) Allocating $11 million of RM1 West Bay Rail Reserve funds and $20 million of RM2 funds, which were previously programmed to PCEP; and
4) Revising the FY2015-16 Transit Capital Priorities program to program $22.6 million of FTA formula funds to Caltrain’s Railcar Replacement project, and $12.6 million to Caltrain fixed guideway rehabilitation projects.
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Presenter:
Presenter
Alix Bockelman
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Recommended Action:
Action
Commission Approval