The Peninsula Corridor Joint Powers Board (JPB), doing business as Caltrain, received a $36.1 million Project Grant award from the Federal Transit Administration (FTA) under the Federal Transit Formula Grants program (CFDA 20.507). The grant funding will support Caltrain's operating expenses from July 2021 through June 2024 as the commuter rail system recovers from reduced ridership and fare revenue due to the COVID-19 pandemic. Specifically, the grant funds will subsidize Caltrain's operating contract with TransitAmerica Services Inc., as well as fuel, insurance, and other operating costs as defined by the National Transit Database. The intended beneficiaries are Caltrain employees, through the continuation of salaries, and riders as service levels are maintained while demand recovers post-pandemic, offering transportation alternatives and congestion relief for the region.
Generated 1/6/24, 11:27 PM