Capital Program Overview
Metro is investing in system safety, reliability and the region's economy through our Capital Improvement Program. For Fiscal Year 2022, Metro's Board of Directors approved a 6-year, $12.3 billion capital program.
The capital program is designed to improve the safety of our rail, bus and paratransit system for all customers and employees, improve the customer experience, and keep the region's infrastructure in a state of good repair. The capital program does this by investing in new railcars, buses and paratransit vehicles, improving stations and platforms, upgrading fire-suppression and emergency response systems, building new bus garages, replacing and repairing tracks, tunnels, bridges, signals, and more.
In spending local taxpayer dollars for capital projects, we're seeking to reinvest in our hometown economy, creating jobs and encouraging participation from disadvantaged, minority-owned, and small businesses in the region, while preparing the region for a more sustainable and equitable future.
Federal formula funding programs provide support for management of long-term assets and help to address the backlog of state of good repair projects.
In 2018, Metro's funding partners came together and established the agency's first dedicated capital funding source that provides $500 million each year, providing Metro the flexibility to plan critical capital projects on a long-term horizon and align necessary financing required to support the program. During FY2022-2027, the majority of dedicated capital funding is targeted for payment of long-term debt, which allows Metro to smooth out cash flows as projects move through their lifecycle and provides the flexibility to accellerage projects as necessary.