NYC mayor unveils Brooklyn to Queens streetcar proposal

New York City Mayor Bill de Blasio says explosive housing and job growth occurring along the Brooklyn Queens waterfront are placing ever-increasing demands on the area’s roads and public transit. New York City Mayor de Blasio believes that it is crucial to link this new development with the larger fabric of the city, which is why he has proposed the Brooklyn Queens Connector urban streetcar.

UP Board approves $3.75 billion 2016 capital plan

The Union Pacific Board of Directors approved the company’s 2016 capital plan of approximately $3.75 billion, down about $550 million versus 2015. The plan includes $375 million to further implement Positive Train Control.

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.

FRA gives go ahead to new BWI rail station

The Federal Railroad Administration (FRA) issued a Finding of No Significant Impact for the new Baltimore/Washington International Thurgood Marshall Airport (BWI) rail station. The project includes adding a fourth track to nine miles of the Northeast Corridor surrounding BWI and reconfiguring the platforms to allow boarding from all four tracks.

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.