Le Lézard
Classified in: Transportation, Covid-19 virus
Subjects: STP, AVO

Struggling Bay Area Transit Agencies Poised to Receive First Wave of Federal Support

SAN FRANCISCO, April 16, 2020 /PRNewswire/ -- The Metropolitan Transportation Commission (MTC) today released a framework for the allocation of more than $780 million of federal funds to cash-strapped Bay Area transit agencies through the Coronavirus Aid, Relief and Economic Security (CARES) Act signed into law last month. The proposed allocations, developed through a partnership between MTC and transit agency staff, represent the first of two distributions of the roughly $1.3 billion in CARES Act funding for which Bay Area transit agencies are eligible and will be considered by the Commission at its next meeting on Wednesday, April 22.

"House Speaker Nancy Pelosi deserves enormous thanks for her leadership in ensuring that Congress included support for public transit in the CARES Act," said MTC Chair and Alameda County Supervisor Scott Haggerty, who also serves as a director of the Livermore Amador Valley Transit Authority (LAVTA) and of the San Joaquin Regional Rail Commission, which operates the Altamont Commuter Express (ACE) rail service. "These extraordinary times have seen extraordinary cooperation and the Bay Area's transit operators have come together with MTC to meet the moment."

This first wave of funding allows CARES Act money to be distributed quickly and fairly to help Bay Area transit agencies meet the immediate crisis while retaining flexibility for a second phase that will allow the region to adapt to changing conditions in the months ahead.

Haggerty added, "These funds will help save a lot of jobs for the bus drivers, train operators, mechanics, dispatchers, cleaners and others who are making it possible for other essential workers to get to and from their jobs all around the Bay Area; and will help our transit agencies recover their footing when this public health emergency finally is behind us."

MTC is expected to take action later this year to distribute the region's remaining CARES Act funding once transit agencies have had time to assess the full scope of revenue losses caused by the ongoing emergency, and have developed new demand forecasts and recovery strategies. Proposed allocations for the first distribution of CARES Act dollars include:

? AC Transit


? Altamont Commuter Express




? Caltrain


? County Connection


? City of Dixon


? Fairfield-Suisun Transit


? Golden Gate Transit & Ferry




? Marin Transit


? Napa Valley Transit


? Petaluma Transit


? Rio Vista Delta Breeze


? San Francisco Muni


? SamTrans


? Santa Rosa City Bus


? Solano County Transit


? Sonoma County Transit




? Tri-Delta Transit


? Vacaville CityCoach




? WestCAT


? WETA/S.F. Bay Ferry




MTC is the transportation planning, financing and coordinating agency for the nine-county San Francisco Bay Area.


SOURCE Metropolitan Transportation Commission

These press releases may also interest you

at 18:49
The Greenbrier Companies, Inc. invites shareholders and other interested parties to listen to its financial results conference call for the fourth quarter ended August 31, 2021, live, either over the Internet or via dial in. What: The Greenbrier...

at 18:47
Grupo Aeromexico S.A.B. de C.V. ("Aeroméxico") (BMV: AEROMEX), today reported its unaudited consolidated results for the third quarter 2021. KEY FINANCIAL HIGHLIGHTS FOR THE THIRD QUARTER 2021 On June 30th, 2020 Aeromexico announced that...

at 17:00
Last week the Minister of Finance told reporters she was watching Canadian trade flows, looking for signs of "strain" but so far, didn't see them.      This came as a shock to our membership at the Canadian International Freight Forwarders...

at 17:00
The digital shipment market is set to grow by USD 27.58 billion at over 21.57% from 2021 to 2025, according to the latest research report from Technavio. However, the market is anticipated to decelerate at a CAGR of 21.57% during this period. The...

at 16:30
United Airlines (UAL) today announced third-quarter 2021 financial results. Despite the impact of the COVID-19 Delta variant in the third quarter, the company remains confidently on track to achieve the range of longer term financial targets laid out...

at 16:15
CN today announced that Jean-Jacques (JJ) Ruest will retire as president and chief executive officer and as a member of the Board of Directors of the Company, effective as of the end of January 2022, or such later time as a successor has been...

News published on 16 april 2020 at 18:39 and distributed by: