Assembly Member Kevin Mullin from San Mateo County, Assembly Member Marc Berman from Santa Clara County, and Senator Scott Wiener from San Francisco have coauthored AB2197 to spend $260 million from the California General Fund to complete Caltrain electrification.
The bill may have its first hearing in the Assembly Transportation Committee on March 18.
Caltrain needs another $410 million to complete the project. Caltrain has lined up $150M in credit financing, $60 million in Measure RR capital reserve to contribute to completing the project, as the agency reported in a special board meeting in December.
In January Caltrain celebrated the installation of the final foundation for the electrification project. The bulk of the cost increase, over $250 Million had come from disputes with primary contractor Balfour Beatty that contributed to slow progress on the construction. Since the resolution of the disputes, construction has been moving more rapidly. The physical construction of poles, wires, and electric power stations is expected to be complete this year.
The electric train cars and signal system are running longer, with delivery expected in 2023 and passenger service in 2024.