THE Metropolitan Transportation Commission (MTC), which oversees public transport in the San Francisco Bay Area, has reached an agreement with the state of California for a $US 590m loan that will avert major reductions in service during the 2026-27 fiscal year which begins on July 1.

The agreement with the office of California governor, Gavin Newsom, and the state’s Department of Finance will secure the immediate future of services provided by San Francisco Bay Area Rapid Transit District (Bart), Caltrain, San Francisco Municipal Transportation Agency’s (SFMTA) Muni, and Alameda-Contra Costa Transit District (AC Transit).

 

To continue reading the rest of the article, please click on the source link below;

http://railjournal.com/financial/loan-agreement-averts-transit-crisis-in-san-francisco-bay-area_/