Gov. Arnold Schwarzenegger announced that the agencies would receive the funds as part of the first allotment of transit money from $20 billion in transportation bonds approved by voters in 2006.
Bay Area Rapid Transit will receive $24 million to help complete earthquake retrofit work on the Transbay Tube, which carries train riders between San Francisco and Oakland beneath the bay.
The $340 million project is scheduled for completion in 2010. Bus agencies in counties east and south of San Francisco will get money to replace older buses and add speedier service.