VTA will get $5 billion from Federal Government to extend BART to Downtown San Jose and Santa Clara

Yesterday a huge step was just taken to secure BART's subway and four station extension to Little Portugal, Downtown San Jose, Diridon (Downtown West), and Santa Clara. The Federal Transit Administration has made a commitment of $5 billion towards the BART SV Phase II project. This was the second largest financial commitment of all time to a single transit project.

The total cost is still $12.7 billion. Nearly $5 billion will be funded by taxes and the state will also chip in nearly a couple billion. The VTA believes they have now secured nearly all of the required funds and closing the remaining gap is within reach.

The estimated completion of the long-awaited project is now 2037. During construction, the project is expected to support 75,000 jobs.

Source: VTA