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Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority Capital Debt Affordability Committee Friday,

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Presentation on theme: "Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority Capital Debt Affordability Committee Friday,"— Presentation transcript:

1 Jonathan R. Davis Deputy General Manager & Chief Financial Officer Massachusetts Bay Transportation Authority Capital Debt Affordability Committee Friday, May 17, :00 p.m. State House, Room 222, Boston, MA

2 Oldest and fifth largest transit system in the country Territorial area throughout eastern Massachusetts consists of: 175 cities and towns Over 4.6 million people served MBTA Transit System consists of: Rapid transit rail routes over 38 miles Streetcars and light rail vehicles of additional 26 miles rail routes More than 1,000 buses for 751 miles routes Commuter rail service operates over 480 units of passenger rail equipment providing service between Boston and 125 outlying rail stations Other passenger services, including commuter boats, “The Ride” paratransit service, and express buses 1.3 million passenger trips estimated every business day Slide 2

3 MBTA Transit System Safety: Our safety and our customer’s safety is our shared top priority. Over the coming months, we will work together to launch new safety initiatives and improve our overall safety record. Customer Service: Our customers deserve a superior experience on every trip—a clean subway, bus or train, courteous service, timely and complete travel information, reliable and on-time performance, and accessible vehicles and stations Employee Relations: Our number one asset. The launch of MassDOT University provides employees with the skills needed to succeed in the workplace. To ensure all of us have a satisfying work experience, each of us must take responsibility for fostering an inclusive, respectful and diverse environment. Fiscal Responsibility: We will seek new ways of doing business to contain costs and improve our bottom line. Also, we will continue to optimize federal funding sources to address capital needs. Innovation: We will strive to use creative approaches and the latest technology to enhance customer service and increase ridership Top Five Priorities Slide 3

4 Debt Profile Currently MBTA has $5.45 billion of principal and $8.8 billion of debt service payments outstanding Currently MBTA has $5.45 billion of principal and $8.8 billion of debt service payments outstanding Slide 4 Debt Service Profile 1 Principal Outstanding by Credit 1 FY2013 Debt Service includes the entire fiscal year of 2013

5 Total Draft CIP: $7.2 billion Capital Investment Program (FY 2014 – FY 2018) Sources of Funds Slide 5

6 Total Draft CIP: $7.2 billion Capital Investment Program (FY 2014 – FY 2018) Uses of Funds Slide 6

7 Slide 7 Sources of Funds [Summary] FY14FY15FY16FY17FY18Total FY14-FY18 Federal Transit Administration Funding $512,549,407$478,123,351$472,281,735$472,480,916$452,809,734$2,388,245,143 MBTA Revenue Bonds $137,053,672$135,650,825$135,423,853$133,685,126$129,303,769$671,117,245 State Funding $659,325,325$701,219,457$815,305,609$815,559,858$1,086,657,275$4,078,067,524 Homeland Security Fundi ng $21,392,122$19,037,212$9,476,093$1,240,500$62,000$51,207,927 TOTAL$1,330,320,526$1,334,030,845$1,432,487,290$1,422,966,400$1,668,832,778$7,188,637,839 Capital Investment Program (FY 2014 – FY 2018)


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