Project Funding
Construction of the Presidio Parkway has been planned in two major phases. Phase I will be delivered through the traditional design-bid-build method. Phase II will be delivered through a public-private partnership.
Learn more about project delivery.
Estimated Project Cost: $1.045 billion
| Funding Source |
Phase I |
Phase II |
| |
Traditional delivery |
Public-private partnership* |
| Federal Grants |
$70,260,000 |
$32,410,000 |
| American Recovery and Reinvestment Act |
$83,280,000 |
$46,000,000 |
| State Highway Operations and Preservation Program |
$174,100,000 |
$171,371,000 |
| Transportation Congestion Relief Program |
$14,490,000 |
$510,000 |
| State Local Partnership Program |
- |
$19,600,000 |
| Prop K Sales Tax |
$29,100,000 |
$38,800,000 |
| Regional Improvement Program |
$16,870,000 |
$67,230,000 |
| Metropolitan Transportation Commission Bridge Tolls |
$80,000,000 |
- |
| Golden Gate Bridge Highway and Transportation District |
- |
$80,000,000 |
| |
|
|
| Total |
$468,100,000 |
$455,921,000 |
*NOTE: Funds for the Phase II Public-Private Partnership will be used to make a single milestone payment of $173 million to the concessionaire upon completion of construction. Annual availability payments not to exceed $35 million will also be made that include repayment of the balance of capital investment.