BART

Fitch: Five Transit Agencies on “Rating Watch Negative”

Fitch Ratings has placed the ratings of five large U.S. public transit agencies on “Rating Watch Negative.” Fitch said it “expects widespread and sharp declines in transit ridership and fare revenues to create significant near-term stress in the U.S. public transit sector with the [agencies] identified here at the greatest risk. Some transit agencies in major urban areas that have already been impacted by the pandemic are reporting ridership declines of as much as 70% to 90% amid efforts at social distancing, a widespread shift to telecommuting and shelter-in-place orders.”

Bombardier, SFO extend partnership

Bombardier Transportation recently announced that it has signed a new contract worth $220 million with the City and County of San Francisco to provide 10 years of operations and maintenance services—with an option for five additional years—for the Bombardier Innovia APM 100 automated people mover (APM) system at San Francisco International Airport (SFO).

Crunican to FTA: Stop stalling

As she nears retirement, Bay Area Rapid Transit (BART) General Manager Grace Crunican is renewing a call for action to the Federal Transit Administration (FTA) to fund its share of the agency’s $3.5 billion Transbay Corridor Core Capacity Program, described as “a package of strategic investments that would boost train frequency between San Francisco and Oakland by more than 30% and overall capacity by 45%.”