Photo by the Transbay Joint Powers Authority
On May 20, we joined the Transbay Joint Powers Authority, Speaker Emerita Nancy Pelosi, State Senator Scott Wiener, Mayor London Breed, regional and state partners, and community members at the Salesforce Transit Center to thank the Federal Transit Administration for its $3.38 billion funding commitment to the project. This federal commitment, along with the project’s entry to the Engineering phase of the Capital Improvement Grant program, demonstrates the FTA’s endorsement of The Portal.
“We are grateful for the FTA’s strong funding partnership to deliver The Portal, which will help realize the project’s extensive regional, statewide, and national benefits,” said San Francisco County Transportation Authority Chair Rafael Mandelman. “These federal funds build upon San Francisco's investment in the project, accelerating our shared vision for electrified rail service to the region's premier transit hub at Salesforce Transit Center.”
The Portal will extend Caltrain and future California High-Speed Rail to the Salesforce Transit Center in downtown San Francisco, connecting 11 bus and rail transit systems. The transformative Portal project will improve accessibility and environmental quality of the Bay Area with electrified rail service while supporting well-paying jobs in San Francisco and beyond. The Transportation Authority is one of six agencies working together to advance The Portal, led by the Transbay Joint Powers Authority.
The $3.38 billion recommendation from the federal government follows the project’s Medium-High Rating and inclusion of $500 million in President Biden’s Fiscal Year 2024/25 budget. The Portal is now two-thirds funded, including $340 million from the Transportation Authority’s Prop K and Prop L half-cent sales tax, and other Transportation Authority managed funds.
Resources
Press Release: TJPA Celebrates $3.4 Billion Federal Commitment for The Portal
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