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1 February 2008 MTA Capital Program 2008-2013. 2 Genesis of the Accelerated Program –2007 statute created NYC Traffic Congestion Mitigation Commission.

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Presentation on theme: "1 February 2008 MTA Capital Program 2008-2013. 2 Genesis of the Accelerated Program –2007 statute created NYC Traffic Congestion Mitigation Commission."— Presentation transcript:

1 1 February 2008 MTA Capital Program

2 2 Genesis of the Accelerated Program –2007 statute created NYC Traffic Congestion Mitigation Commission required the MTA to submit a Capital Program in March –February submission allows congestion pricing discussion to continue in the context of transit needs Board only being asked to approve submission to the Capital Program Review Board in February The Program will be submitted for consideration to the Operating Committees, Finance and the full Board in March Capital Program

3 3 Protect Vital Fundamentals Fulfill Commitments to Enhance Capacity Support Region in Global Economy Capital Program: Goals

4 4 Total Program Tier 1: Core Program Only $20,038 Tier 2: Core with Current Expansion $26,304 Tier 3: Core, Current Expansion and $29,554 New Capacity Capital Program: Investment Components

5 5 Tier 1: Core Program New York City Transit $14,265 Long Island Rail Road 2,629 Metro-North Railroad 1,770 MTA Bus 363 Security Program 590 Interagency 421 Total Core CPRB Program $20,038

6 Capital Program: Core Program Highlights: NYC Transit, LIRR and MNR Rolling Stock –590 subway cars –2,492 NYCT buses, 484 MTA Bus buses –440 commuter rail cars Stations –Station rehabilitations system-wide, including 44 comprehensive station rehabs (NYCT), 8 rehabs on the Harlem line (MNR), Babylon station rehab and Mineola intermodal expansion (LIRR) Track –Cyclical track rehabilitation system-wide –Main Line corridor improvements (LIRR) Line Structures –Repair of overhead and undergrade bridges system-wide, including Atlantic Viaduct replacement Phase II (LIRR) –NYCT flood control improvements Communications and Signals –Signal modernization system-wide, including Dyre Avenue line (NYCT) Shops and Yards –Shop, yards, depots and related upgrades system-wide, including Croton Harmon shop construction (MNR); MTA Bus and NYCT depots Power –Substation modernizations and replacements system-wide, including power improvements along the Hudson/Harlem lines (MNR)

7 7 MTA-Wide Core Investments Program includes projects that benefit all MTA agencies: –$590M Security program includes $318 million of projects from Program and adds $272 million of new investments: System-wide security upgrades and system hardening Federal funds to be pursued –Interagency: MTA PD facility and communication upgrades Facility rehabilitation to support shared services Planning studies Program-wide fund for project and market uncertainty

8 8 B&T Total Program Bridges and Tunnels $2, Capital Program: Core Program in millions –B&T envelope reflects extraordinary investments needed to catch up on state-of-good-repair B&T not included in first two capital programs –B&T not subject to CPRB review/approval

9 9 in millions Tier 2: Core Program and Completion of Current Expansion Projects Core Program Investments with Full Reserve$20,785 Complete Expansion Projects Underway5,519 Total Core CPRB Program and Current Expansion$26,304

10 Capital Program: Current Capacity Expansion Complete projects underway Day Review –Bring Estimates Up to Date Update market conditions as we know them today Incorporates scope changes Standardize assumptions (e.g. allowances for indeterminants & profit) Provide for schedule delays –Mitigate Cost Increases Across-the-board savings (e.g. change approach, eliminate specialty finishes, identify development/advertising opportunities) Project specific savings and cost avoidance (scope changes) –Protect Against Further Market Risk Provide for long-term inflationary uncertainties Recognize real estate related costs not built into project estimates Create controls

11 Capital Program: Current Capacity Expansion Results of 30 Day Review Current Schedule Revised Schedule Current Funding Inflation & Scope Revised Project Estimate East Side Access Aug-14Feb-15$6,350$894$7,244 Second Avenue Subway Jun-14Jun-15$4,050$297$4,347 Fulton Street Transit Center Jun-09TBD$903$295$1,198 South FerryMay-08Feb-09$490$27$517 Total $11,793$1,513$13,306 in millions

12 12 Existing capacity expansions Current Funding ProposedProject Total East Side Access$4,107$3,137$7,244 Second Avenue Subway2,9641,3834,347 Fulton Street Transit Center ,198 South Ferry Regional Investments0476 MTA Administrationn/a200 Total$5,519 in millions Complete projects underway Capital Program: Current Capacity Expansion

13 13 –Project and Market Uncertainty Fund Program-wide fund to ensure promised projects can be built given accelerated timeframe and market uncertainties Release dependent on review by Independent Engineer and MTA Office of Construction Oversight –Risk Assessments Projects with schedule/scope/budget risks will undergo post-plan scope and risk review process Develop range of costs and present to the Board Program Fund and Controls

14 14 Investment in transit, widely recognized as fundamental to economic prosperity, must keep pace. –All portions of the region are expected to experience robust population growth Tier 3: Capacity Expansion Investments

15 15 Core CPRB Program Investments$20,535 Completion of Existing Capacity Expansions5,769 New Capacity Expansion Investments: CBTC Flushing and Qns. Blvd*$1,425 Second Avenue Subway Next Phase*1,000 Penn Access*400 Jamaica Capacity Improvement150 #7 Fleet Expansion175 Capacity Planning Studies50 Sustainability Investments50 Implementation Initiatives for Congestion Mitigation ($767 million)** Total Core CPRB Program, Current Expansions and New Expansions$29,554 in millions *Completed over two plan periods. **Paid for by Congestion Pricing revenues Tier 3: Core Program, Completion of Current Expansions, New Expansions

16 16 –Communications-based Train Control: Installs CBTC on the Flushing line and progresses CBTC on the Queens Blvd line, which would be completed in the next program, to provide more subway service to Queens –Second Avenue Subway Next Phase: Implements a new phase of Second Avenue Subway over the next two Capital Programs –Penn Station Access: Provides for the initial phase of a new service into Penn Station for Metro- Norths Hudson and New Haven lines, including new stations in eastern Bronx and the westside of Manhattan –Jamaica Capacity Improvements: Reconfigures signals and station layout to enhance service to Manhattan and Brooklyn and to support ESA –#7 Line Fleet Expansion: Provides additional capacity between Manhattan and Queens –Capacity Planning Studies: Provides for targeted studies of Queens, Bronx, Upper Westside of Manhattan, Southeastern Brooklyn, Staten Island North Shore, Long Island and West of Hudson to guide future system expansion programs in these areas –Sustainability Investments: Implements MTA-wide and agency specific projects to enhance MTAs environmental stewardship Capital Program: New Capacity Expansion

17 17 –MTA plan has been presented to the Commission and a copy was provided to the MTA Board –Provides for new and enhanced services to accommodate auto diversions and long-term improvements to existing transit service – investments total $767 million: New city and suburban buses and subway cars Two new bus depots to service and support additional bus service Subway station improvements Suburban buses and park and ride Congestion Pricing Implementation

18 18 Congestion Pricing Service Improvements 12 new bus routes in Queens, Brooklyn, Bronx Increased service on 48 bus routes in Staten Island, Queens, Manhattan, Bronx 309 new buses Increased service on the 1, E, F Longer trains on the C Service focused on underserved neighborhoods

19 Capital Program Federal Formula and Flexible8,100 Federal Security590 City Funding (including MTA Bus)527 Asset Sales500 LaGuardia Reprogramming160 Carryover Funds from 05-09$1,868 New Bonds (assumed in the MTAs Financial Plan to be supported by new state funding and local match)4,000 Bonds based on Congestion Pricing4,500 Identified Sources$20,245 Potential Funding Sources

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