Last week the San Francisco Municipal Transportation Agency (SFMTA) released its proposed two-year budget, outlining the Agency’s vision for improving and maintaining San Francisco’s rail and bus transit systems, bike network, walkways, streets, public parking facilities and more.
The Central Subway is a key component of this vision. The Agency’s two-year capital budget includes $447 million for the Central Subway – more than a quarter of the $1.6 billion allocated to extend Muni’s T Third Line through SoMa, downtown, Union Square and Chinatown.
Over the next two years, funds from the following previously committed federal, state and local sources will finance Central Subway construction:
- The Federal Transit Administration’s (FTA) New Starts program
- State Proposition 1B Transportation Bonds
- Local Proposition K Transportation Sales Tax Funds
These funds will allow construction to begin in the next year on major components of the project, including:
- The subway tunnel. The tunnel boring machines have been ordered and are expected to arrive in San Francisco in early 2013. Tunneling will begin soon afterward. Currently, crews are relocating and demolishing utility lines at the site where the tunneling machines will enter the ground.
- Three subway stations. Contracts for the three subway stations – Chinatown Station, Union Square/Market Street Station and Yerba Buena/Moscone Station – are on track to be awarded by the end of 2012. Construction is expected to commence soon afterward.
- Light-rail tracks, operating systems and a surface-level station. The contract to build the new subway’s tracks and operating systems, as well as a surface-level station at 4th and Brannan streets, is planned to be advertised for bid in summer 2012.
The SFMTA Board of Directors will consider the proposed capital and operating budgets at their meeting this afternoon.
For more information on Central Subway funding, visit the Funding/Budget page on our project website.