San Mateo, CA - Congresswoman Jackie Speier (CA-14) today issued the following statement in response to an announcement from the Federal Transit Administration (FTA) that the decision on whether to execute a pending $647 million Full Funding Grant Agreement (FFGA) for the Peninsula Corridor Electrification Project (PCEP) will be deferred until the President’s fiscal year 2018 budget is developed. Approval of the grant is needed by March 1, 2017 because contracts related to the project are due to commence on this date.

“Caltrain is the backbone of the Silicon Valley transportation system and this decision to delay would threaten to break the backbone of this economy,” Speier said. “To make America great again, the President should order that this grant be made and then join us to turn dirt as 9,600 good American jobs related to this project—spread over thirteen states—are created."