US$5 billion in funding for Santa Clara VTA BART Silicon Valley Phase II Extension Project
The Federal Transit Administration (FTA) has committed to grant more than US$5 billion to the final phase of the Santa Clara Valley Transportation Authority’s (VTA) Silicon Valley Bay Area Rapid Transit (BART) Extension Project.
The extension aims to create jobs, boost the economy, improve connectivity, and reduce emissions. While the US$5 billion is significant, it doesn't cover the entire project cost (estimated at US$12.7 billion). The VTA needs to find additional funding before finalizing the project.
The new rail line will be Santa Clara County's largest infrastructure project and is expected to serve nearly 55,000 passengers each weekday by 2040. Bechtel Infrastructure Corporation has a 10-year contract to manage and oversee construction starting in 2024.
Country updates
-
-
July 31, 2024
Plenary achieved commercial close on Blueprint Schools Phase II project in Prince George’s County
Plenary’s Progressive Education Partners team has achieved commercial close with Prince George’s County Public Schools (PGCPS) on the US$800 million Blueprint Schools Phase II project...
Read more -
July 19, 2024
Contract Awarded for Rapid Transit Phase 2 Extension project in USA
The Santa Clara Valley Transportation Authority (VTA) has picked Bechtel to provide construction management services for the Bay Area Rapid Transit’s (BART) Silicon Valley Phase II.
Read more -
July 09, 2024
Bids invited to complete Park redevelopment project in USA
The City of West Palm Beach has invited bids from qualified, experienced and responsible Contractors to complete the redevelopment of Currie Park in West Palm Beach, Florida, USA.
Read more -
July 09, 2024
Baltimore Red Line project to be light rail
The Maryland Department of Transportation Maryland Transit Administration (MDOT MTA) has announced that The Baltimore Red Line project will be a light-rail line that will address a wide gap...
Read more -
July 02, 2024
CVC Completed Acquisition of DIF Capital Partners and 20% stake in Glendower Capital
CVC announced the closing of the acquisition of DIF Capital Partners and the acquisition of the final 20% stake in Glendower Capital. Effective immediately, Glendower Capital has been rebranded...
Read more
