I revisit the electrification story about once a year and the situation never seems to change–it is taking longer than expected, costing more than expected and the duration and total costs are still unknown; as is the money source. Here are some snippets from the DJ article:
Following the Friday announcement of additional cost overruns for Caltrain’s electrification modernization project, its board has authorized spending increases to ensure its completion, despite concerns over where funding will materialize. Caltrain’s electrification project faces $462 million in additional costs following its settlement agreement with contractor Balfour Beatty Infrastructure, higher than its initial June estimate of $333 million. COVID-19 related delays, utility issues and real estate have also played a role in increasing costs, Caltrain staff said.
Board Member Steve Heminger supported the additional funding for the project. However, he cautioned the board to prepare for the worst when it comes to a funding strategy. Heminger noted only slightly more than half of the extra costs are known and covered through federal grants and Measure RR funds, with the rest still to be found. It has received around $52.4 million from the federal government… Credit financing will cover another $150 million, with Measure RR capital reserve funding accounting for $60 million.
That last bit, using Measure RR funds, is controversial because the alternative is "relying on member agency funding". "$100 million here, $100 million there, pretty soon you are talking about real money" to paraphrase C. Everett Dirksen. You can guess what that means. At least the catenary wires have arrived in B'game as seen here near B'way. And the bulk of the work on this is above ground. Keep that in mind at the El Camino Real project gets discussed.



Leave a Reply