About

Learn about Utah Transit Authority Investor Relations, including Featured News, Key Projects, The Team, and Board of Trustees Information.

Senior Lien Bond Rating
AAA/AA/Aa2
service area
1,600 square miles
Subordinate Lien Bond Rating
A+/AA/A1

About Utah Transit Authority Investor Relations

UTA’s mission is simple – we move people. Since its beginnings in 1970, UTA has expanded from a small company operating 90 buses and traveling 3 million annual service miles, to its current system that offers streetcar, light rail, commuter rail, bus rapid transit (BRT) vanpool, fixed-route bus, express bus, ski bus, paratransit, and route deviation services. The agency currently provides more than 45 million passenger boardings annually with 157,000 average daily weekday boardings. The Special Services Business Unit offers paratransit and route deviation services along the Wasatch Front totaling 2.7 million revenue miles and 427,000 passenger boardings per year. UTA’s bus services (regular fixed route, express, and bus rapid transit) operate 15.5 million revenue miles and boast 20 million passenger boardings annually. The Salt Lake Valley TRAX light rail system operates 2.9 million annual revenue miles with more than 18.7 million passenger boardings, while the commuter rail system, which extends from the Salt Lake Central Station north to Ogden and south to Provo, operates over 1.3 million revenue miles and attracts more than 4.5 million passenger boardings annually. The S-Line streetcar, which connects neighborhoods in South Salt Lake and Sugar House, operates approximately 76,000 revenue miles and has nearly 457,000 passenger boardings per year.

UTA serves the populations of Weber, Davis, Utah, Box Elder, Tooele and Salt Lake counties. Since UTA covers a large geographic region and more than 80 percent of the state’s population, the agency works to support Utah’s thriving economy by helping communities grow the way they want to and to help people get to where they want to go when they need to be there. In recent years, UTA has renewed its emphasis on service and is committed to listen to customers and communities in order to provide more transit access and the services and schedules that are most needed.

Key Projects

Depot District Clean Fuels Tech Center Depot District Clean Fuels Tech Center

This project will replace the existing aging and undersized Central bus facility, housing up to 150 alternative and standard fuel buses with the ability to expand to 250 buses in the future. This will allow for the growth of bus service to 5,000 additional daily riders by the year 2050. The initial phase of the project constructed the CNG Fuel & Fare Collection building on the site. 2019 activities will include building demolition, structural stabilization of the roof of the old locomotive building that will be repurposed for the bus maintenance shop, construction of the wash building, addition of the diesel fueling system, and site canopies and full site work. Construction activities in 2010 through 2021 will include the final construction of the maintenance building and operations building, as well as solarization and microgrid power system. Impact on Operating Budget: The project is projected to decrease the operating budget by about $400,000 annually. The state legislature has appropriated $2.5M per year to fund the project

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SD Overhaul

When TRAX made its debut in 1999, a fleet of Siemens SD100 light rail vehicles began transporting thousands of Utahns along the Wasatch Front each day. As UTA’s light rail service grew, UTA added 17 Siemens SD160 light rail vehicles. UTA is in the midst of an extensive overhaul program designed to sustain the life of both the SD 100 and SD 160 vehicles as required by the Federal Transit Administration. This will enable UTA to safely operate the fleets up to its projected 30-year lifespan.

Establishing an overhaul program is an industry-best practice that will significantly impact most of the vehicles’ systems and components for the purpose of improving safety, efficiency and passenger comfort.

To begin the project, UTA evaluated every system in each fleet to determine the appropriate time and cost for overhauling/replacing components. Whenever possible, UTA will perform the work in-house enabling us to create several full time positions to compete the overhaul. Developing the employees skill set enables UTA to build a solid foundation for future long term maintenance needs. UTA has also set up specific maintenance shops for overhaul implementation. These shops will help sustain our light rail fleet throughout its useful life.

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TIGER Grant Projects

In conjunction with six counties, two metropolitan planning agencies, and dozens of Utah cities, UTA was notified in late 2016 that it had been awarded a $20 million grant which will be matched with local funding to improve transit access as well as trails and bikeways feeding into the transit system over the next five years. Projects in 2019 are estimated at approximately $15 million. However, this yearly budget consists of the local government match combined with the Federal grant. The UTA cost will be specifically for the UTA projects that are part of the TIGER grant.

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Airport Station TRAX Relocation

Salt Lake City International Airport is undergoing an almost $3 billion renovation, including the relocation of its terminal building. In order to provide front door light rail service to the new terminal building, UTA will be required to relocate a portion of its light rail track as well as the Airport TRAX station at an estimated cost of $22.9 million. Proceeds from the 2018 bond issue will be used to pay for this improvement. Materials procurement will occur in 2019 and construction in 2020 through 2021.

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The Team

Bob Biles

Chief Financial Officer

(801) 287-3367

rbiles@rideuta.com

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Brian Baker

Zions Public Finance- VP

(801) 844-7381

brian.baker@zionsbank.com

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View Team

Board of Trustees Information

For more information surrounding UTA's Board of Trustee's please visit the following links: 

View Board of Trustees Information