AgdaPkt 2004-05-10 - Laserfiche WebLink

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II I , . II ,. q.A - '5 IV. PROJECT DESCRIPTIONS A. 1!šnili Each of these projects is deemed to be of equal importance and they are ',-- not expressed in any priority order. Project: 1. CaltTain Improvements Cost $-190 million. Sales tax contribution estimated at $240 million, Federal $125-million and State $125-million. Sponsor. SamTrans, Peninsula Corridor Joint Powers Board Description: Continue the current program to rebuild and upgrade Caltrain. Funding would be provided for San Mateo County's share of the capital cost of system wide improvements, including conversion of the line from diesel to electric operation. Funding would also be provided for existing stations upgrades, including expanded parking. Up to one-half of the available funding may be utilized to support operating costs. Project: 2. Local Shuttle Service Cost: $120 million. Sales tax contribution estimated at $60 million. Other public and private $60 million. Sponsor. SamTrans - Description: This project sponsored by SamTrans would provide matching funding for the operation of local shuttle services. Priority will be given to shuttle services which include a portion of the funding from businesses, employers and other private sector sources. Priority shall also be given to local services which connect with Caltrain, BART and future Ferry Terminals. Project: 3. Accessible Services for Eligible Seniors and People with Disabilities Cost: $288 million. Sales tax contribution estimated at $60 million. Other funding of $228 milHon from existing sources and fare revenues. Sponsor. SarnTrans Description: Annually, 4% of the tax revenue will be allocated to support the operating and capital needs of providing paratransit or other accessible services to eligible seniors and people with disabilities. -- 10 --