Caltrain, already eying electrification of its rail service, says such a move also will help reduce its debt load, now expected to be $47 million in 2011.
Caltrain CEO Mike Scanlon says replacing the existing fleet of diesel trains with an electric fleet would permit Caltrain to both expand service during rush hours, and also collect 49% more revenue while keeping expenses level.
Retaining the diesel fleet will cost Caltrain $61 million by 2019, Caltrain officials say. Though electrification would cost $1.3 billion in capital, part of the construction could be paid for in part by the California High Speed Rail Authority, as part of the Golden State’s $43 billion high speed rail project.
Caltrain transports about 40,000 people between San Francisco and San Jose each weekday.