Let’s Talk Business

Transit keeps the entire region moving, and CapMetro strengthens that forward momentum by forming partnerships with local businesses and community leaders.

CapMetro is hosting a one-hour event called Accelerate where you’ll hear from  President & CEO Randy Clarke about the economic opportunity that comes from transit investments and how local businesses can earn contracts from CapMetro to help us deliver our service to the community.

You will also hear from special guest Peter Rogoff, CEO of Seattle’s Sound Transit agency and former Administrator of the Federal Transit Administration under President Obama, as he recaps the business opportunities that resulted from a $54 billion bond package in 2016.

At CapMetro, we provide many different ways to work with businesses and we want to make it as easy and efficient as possible. Whether you want to participate in Project Connect procurement opportunities, have a product or service that could be a great fit for the agency or are looking to advertise on one of our buses or rail stations, we want to work with you to make that happen!

Accelerate – Zoom Webinar
Thursday, Aug. 20
10 a.m. to 11:30 a.m.
Register here

Project Connect is our long-range transit plan to transform how we get around our region. The multi-billion dollar investment is an network expansion to serve more communities with better service, including a new light rail system, a downtown transit tunnel that could improve mobility everywhere whether you’re on the train or in your car, new MetroRapid routes and vehicles, a transition to a zero-emissions fleet and much more. Not only will this program transform our transit network, but it will have a significant impact on job creation – with 9,700 local jobs created for every $1 billion invested.

Our Share of "the Stim"

We recently heard from the feds that Capital Metro may receive about $26.1 million from the economic stimulus plan (or if you prefer the long name, the American Recovery and Reinvestment Act of 2009).

Our initial proposed project list includes many possibilities, all of which would be key components of a regional transportation system that this area needs to remain economically competitive and to retain and attract businesses.

Here’s a quick summary of some those potential projects:

Bus and paratransit fleet replacement and expansion: More than half of Capital Metro’s fleet will require replacement over the next several years.

MetroRail Red Line Expansion: A likely first step would be to add some additional track siding which would allow increased service.

Construction of new park & ride facilities: Possible locations for new P&Rs include South IH-35 and the city of Manor.

Expansion of Intelligent Transportation System (ITS) Technologies: Expanding the ITS system would allow us to provide real-time information for onboard audio and visual announcements to notify customers of upcoming stops. This would also result in more predictable service and improved operating efficiency.

Upgrade of bus stop signage: Improved bus stop signage would provide information more effectively.

Rail with trails: Over the years the community encouraged Capital Metro to plan for bike and pedestrian trails along our rail line.

Capital Metro is working diligently to determine the best use of this stimulus funding to provide maximum benefit for the community. We should have more detail in the coming weeks.

Stimulus draft released: $10 billion for transit

The Huffington Post reports that a draft economic stimulus bill totaling $825 billion has been floating around the halls in Washington, which includes $30 billion for highway construction and $10 billion for transit.

Here’s an excerpt:

MODERNIZE ROADS, BRIDGES, TRANSIT AND WATERWAYS

To build a 21st century economy, we must engage contractors across the nation to create jobs – rebuilding our crumbling roads and bridges, modernizing public buildings, and putting people to work cleaning our air, water, and land.
Highway Infrastructure: $30 billion for highway and bridge construction projects. It is estimated that states have over 5,100 projects totaling over $64 billion that could be awarded within 180 days. These projects create jobs in the short term while saving commuters time and money in the long term. In 2006, the Department of Transportation estimated $8.5 billion was needed to maintain current systems and $61.4 billion was needed to improve highways and bridges.

Transit: Public transportation saves Americans time and money, saving as much as 4.2 billion gallons of gasoline and reducing carbon emissions by 37 million metric tons each year.

· New Construction: $1 billion for Capital Investment Grants for new commuter rail or other light rail systems to increase public use of mass transit and to speed projects already in construction. The Federal Transit Administration has $2.4 billion in pre-approved projects.

· Upgrades and Repair: $2 billion to modernize existing transit systems, including renovations to stations, security systems, computers, equipment, structures, signals, and communications. Funds will be distributed through the existing formula. The repair backlog is nearly $50 billion.

· Transit Capital Assistance: $6 billion to purchase buses and equipment needed to increase public transportation and improve intermodal and transit facilities. The Department of Transportation estimates a $3.2 billion maintenance backlog and $9.2 billion in needed improvements. The American Public Transportation Association identified 787 ready-to-go transit projects totaling $15.5 billion. Funds will be distributed through the existing formulas.

Amtrak and Intercity Passenger Rail Construction Grants: $1.1 billion to improve the speed and capacity of intercity passenger rail service. The Department of Transportation’s Inspector General estimates the North East Corridor alone has a backlog of over $10 billion.