OFF Track Maintenance

Former SFMTA and SCVTA CEO to lead Caltrain Modernization Program

Michael Burns, who retired as the chief executive officer for the Santa Clara Valley Transportation Authority (SCVTA) in 2014, will take the reins of the Caltrain Modernization Program, which the acengy called the most transformative project in the rail system’s 150-year history. Burns was appointed interim chief, Caltrain Modernization officer. He will begin his new role Feb. 8.

Two transit projects to benefit from Ontario’s second green bond

Ontario has successfully issued its second green bond, raising CA$750 million (US$542 million) to support environmentally friendly, low-carbon infrastructure projects. Proceeds from the bond will help fund eight projects including, transit, and create jobs in communities across Ontario. The bonds have a maturity date of January 27, 2023.