Nature of Contract
The SFMTA currently reimburses BART $1.02 per Fast Pass® trip taken on BART within San Francisco. Under the contract, in effect through FY 2014, this rate would increase to $1.19 retroactive to January 1, 2010 and through June 30, 2012 and thereafter would increase based on adjustments to the Bay Area Consumer Price Index (CPI) subject to BART fare increase(s) for the remainder of the contract. Because ridership is unknown at this time, exact contract expenditures are also unknown.
Date Contract Approved
June 21, 2013
Varies by BART Fast Pass® ridership and per-trip reimbursement rate, whose long-term values are unknown at this time. Amount estimated at $9.3-9.8 million in FY 2013 and $9.3-10.3 million in FY 2014, based on ridership.