Overview

• VTA officials cited a breakdown in lump-sum cost negotiations with Kiewit Shea Traylor as the reason to recommend a contract change.
• The project’s estimated price tag has jumped to $12.7 billion and its completion date has been pushed to 2037 from 2026.
• VTA secured a $5.1 billion Federal Transit Administration grant but still faces a funding gap of about $700 million.
• The agency has engaged with ten national tunneling firms that have expressed strong interest in taking over the work.
• Officials warn that selecting a new contractor could delay the start of tunneling until 2027, extending the timeline by roughly 18 months.