"The benefits of a strong transit system are clear: growing ridership, cleaner air, and less congested roads. I'm proud of the progress the Bay Area transit service and operators are making on ridership recovery, and this loan will continue to build on that success as the region works together on long-term funding solutions."
"According to the governor's office, the loan will help BART, Muni, Caltrain, and AC Transit maintain reliable service as the region works toward long-term funding stability. The loan is being given to the Metropolitan Transportation Commission (MTC) from the Transit and Intercity Rail Capital Program (TIRCP). The governor's office says MTC will use the funds to provide short-term operating loans to four Bay Area transit operators and repay the loan in quarterly installments over 12 years."
"BART posted on X saying that it wouldn't use the loan unless the November transit funding ballot measure pass or another reliable source of funding was provided to the agency."
California authorized a $590 million emergency loan to help Bay Area transit agencies maintain operations. The funds will be provided to the Metropolitan Transportation Commission (MTC) from the Transit and Intercity Rail Capital Program (TIRCP). MTC will issue short-term operating loans to BART, Muni, Caltrain, and AC Transit and will repay the state loan in quarterly installments over 12 years. The measure aims to protect service for more than three million monthly riders and support ridership recovery, cleaner air, and reduced road congestion while regional leaders work toward long-term funding stability. BART stated it will not use the loan unless a November funding measure passes or another reliable funding source is secured.
Read at ABC7 San Francisco
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