Bay Area voters approved RM3 in June 2018 authorizing a regional bridge toll increase on the seven state-owned bridges in the Bay Area. The three dollar increase will take place over a six-year period where the first increase will take place in January 2019, with two subsequent one dollar increases in January 2022 and January 2025.
It is estimated that RM3 will generate approximately $5.55 billion in revenues over 25 years, of which $1.1 billion will fund operations of bus and ferry service in congested bridge corridors and improved transit connectivity at the Transbay terminal. Contra Costa residents currently pay approximately 18.4% of toll revenues on the seven Bay Area state-owned bridges, which is equivalent to approximately 1 billion dollars of revenues expected to be generated by RM3.
RM3 included several projects with the Contra Costa Transportation Authority (Authority) listed as the sponsoring agency. The Metropolitan Transportation Commission (MTC) requested project sponsors to submit their Initial Project Reports (IPRs) on November 19, 2018. The IPRs detail the project scope, costs, and anticipated dates to seek RM3 funding allocations from MTC.
According to MTC’s assumptions for RM3 projects benefits distribution, Contra Costa benefits were estimated to total approximately 1 billion dollars. However, based on the RM3 Expenditure Plan, direct investments in capital projects in Contra Costa are only $360 million. To ensure Contra Costa receives its fair share of RM3 funds, CCTA must work closely with MTC and other project sponsors (e.g. Joint Powers Authority (JPA), Water Emergency Transportation Authority (WETA), Bay Area Toll Authority (BATA), and Alameda-Contra Costa Transit District (AC Transit)) to ensure other projects in Contra Costa receive funding from the regional categories in RM3.
Direct RM3 Investments in Capital Projects in Contra Costa
RM3 Investments in Capital Projects Spanning Multiple Counties
In addition, the RM3 Expenditure Plan contains several fund categories for projects that span multiple Bay Area counties including Contra Costa. They include:
- Corridor Express Lanes
- Bay Trail/Regional Trails/Safe Routes to Transit
- Ferry Service Expansion
- Capitol Corridor Connections
- North Bay Transit Improvements
- Alameda-Contra Costa Transit District (AC Transit) – Bus Rapid Improvements
RM3 Investments in Operations
RM3 will invest approximately $1.1 billion in new express bus and ferry service in congested bridge corridors and improved regional connectivity at the future Transbay terminal.