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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.

 

 
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