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The Grade Separation Project, which cost nearly $107 million (approximately $4 million below budget!), is the largest project in the City’s history. Through very complex negotiations and management, more than 60 percent of the funding for the project was leveraged from regional and state transportation grants, which provided almost $70 million for this project. (See the table, below, for a complete list of funding sources.)
| FUNDING SOURCES |
AMOUNT |
| Fremont Gas Tax |
$185,000 |
| Fremont Tax Increment Financing (TIF) |
$6,630,000 |
| Fremont Redevelopment Agency (RDA) |
$36,000,000 |
| Statewide Transportation Improvement Program |
$8,441,000 |
Congestion Management Agency
Transportation Improvement Program (CMA TIP) |
$1,745,000 |
| Santa Clara Valley's Measure B Fund |
$15,000,000 |
Metropolitan Transportation Commission's
Regional Measure 2 (MTC RM-2) |
$10,000,000 |
| Union Pacific Railroad |
$2,200,000 |
| State Grade Separation Grant |
$20,000,000 |
| State Traffic Congestion Relief Funds from BART |
$11,000,000 |
| TOTAL BUDGETED |
$111,201,000 |
APPROXIMATE TOTAL COST |
$107,000,000 |
APPROXIMTE SAVINGS |
$4,201,000 |
The City would like to thank its funding partners for making this project possible, including the Fremont Redevelopment Agency, Alameda County Transportation Authority, Alameda County Congestion Management Agency, Metropolitan Transportation Commission, and the State of California.
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| City of Fremont Redevelopment
Agency |
Alameda County Transportation
Authority |
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| Metropolitan Transportation Commission |
Alameda County Congestion Management
Agency |
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| Caltrans District 4 |
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