The Metro Exposition Light Rail extension to Santa Monica is one of 61 projects that will receive $784 million in new funding from the California Transportation Commission.
The funding will be allocated to projects that will help create thousands of jobs, reduce traffic congestion, repair highways and bridges, and make driving safer for the public, transportation commission officials say.
The commission funds come after the announcement of general obligation bond sales, which allowed projects that were delayed or at risk of delay due to lack of funding to move forward toward construction. In addition, the bond proceeds will also fund more than 300 ongoing projects through June 2012, a commission spokesperson said.
The ongoing and newly allocated projects leverage around $11 billion in non-state funds, according to the commission.
“These projects will allow billions of dollars to flow into construction and produce enormous economic benefits for California,” said Malcolm Dougherty, the acting director of the California Department of Transportation.
Among the transit projects in Los Angeles County, the Expo Line project extending the light rail by 6.6 miles to the intersection with Olympic Boulevard in Santa Monica will receive $35.3 million in commission funding.
The CTC funding includes $695 million from Proposition 1B, the 2006 voter-approved transportation bond. To date, the state has allocated more than $9 billion in Proposition 1B funds, according to Caltrans.