FirmoGraphs keeps its clients up to date on capital plans of interest for long-term business development. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We recently processed the latest capital spending plan by the city of San Jose, California. Here are our observations.
*Numbers are Rounded
Increase for New and Ongoing Projects
Planned spending in the Transportation and Aviation Services increased by 18% with funding for 10 new projects and ongoing projects. The Environmental and Utility Services also increased by 13% despite few projects in the recent period, because of the funding for Debt Service Repayment for Plant Capital Improvement Projects.
San Jose Invests Over $50 Million in New Belly Freight Facility for Air Cargo Expansion
San Jose has four notable line items valued at over $ 20 million. The largest line item is the Belly Freight Facility, worth $54 million, under the Transportation and Aviation Services category, which funds the construction of a new air cargo terminal of approximately 150,000 square feet that will be used to process and store belly freight carried by commercial passenger airlines, pharmaceuticals, perishables, high value goods and concessionaire supplies. Listed below are the other three notable line items:
- Terminal B Ramp Rehabilitation - worth $53 million, under the Transportation and Aviation Services category. This project anticipates the next phase of the terminal development by extending the apron approximately 462,000 sq. ft. which will accommodate additional gates.
- Parks and Community Facilities Development Office - worth $43 million, under the Neighborhood Services category. This allocation provides ongoing funding for Parks and Community Facilities Development Office staffing costs.
- Measure T - Storm Drain Improvements at Charcot Avenue - worth $24 million, under the Environmental and Utility Services. The project construction includes piping installation (about 7,300' of piping, 60" to 96" in diameter), pump station upgrade, and large diameter outfall upgrade. Additionally, it will service a tributary area east of Zanker Road between Trimble Road and Brokaw Road.
How FirmoGraphs Can Help
FirmoGraphs curates data about U.S. public sector markets, including transportation improvement programs, regulatory developments, and other critical information. We help our customers use this information to gain a competitive advantage and improve proactive conversations with their clients. We’d be glad to meet with you and help your company sort through the wealth of information in improvement programs and other publicly available documents. Feel free to request a meeting and review the data live on our Business Intelligence platform.
