04 June 2012 ~ 2 Comments

$48.4 million in state funds awarded to Central Subway Project

Stockton Street (Flickr photo by geekstinkbreath)

The Central Subway will vastly improve travel along crowded Stockton Street. (Photo by Flickr photographer Frank Chan.)

The Central Subway Project will receive $48.4 million in funding from a state transit-investment program, allowing for continued progress on extending the T Third Line through SoMa, Union Square and Chinatown.

The funds come from the state Public Transportation Modernization, Improvement, and Service Enhancement Account (PTMISEA) Program, which funds a variety of transit-related improvements, including capital projects. In total, California has committed to invest about $307.8 million in PTMISEA funds to construct the Central Subway.

In a press release from the San Francisco Municipal Transportation Agency (SFMTA), Director of Transportation Edward D. Reiskin reaffirmed the Central Subway’s benefits for San Francisco’s transit system: “The Central Subway will cut peak-period travel times in half compared to current transit options, easing travel through the busy 4th Street and Stockton Street corridors,” Reiskin said. “Our partners in Sacramento have consistently recognized that these projects are key to improving transportation in San Francisco now and for future generations.”

For more information about this exciting funding news, check out this press release from the SFMTA.

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