April 2, 2003

$1 Billion - $1.2 BillionThe Pawlenty-Molnau Transportation Financing Package will improve Minnesotas transportation system by greatly accelerating construction of more than one billion dollars worth of critical, but long-delayed, state highway and bridge projects.

The package will:Accelerate $1.0 1.2 billion in highway construction projects by as much as nine years.

The package will: Issue up to $550 million in new state trunk

highway bonds.

Leverage bond funds to accelerate use of $550 million in future federal highway funds.

Redirect $42 million per year of current funding from Mn/DOT to pay bond debt service.

The package will: Target $50 million of the $1.0 1.2 billion

for transit-related trunk highway capital improvements within the metro-area.

Provide $5 million over five years for capital investments that support Greater Minnesota transit service.

The package will: Appropriate $100 million from trunk

highway fund growth to maintain safety, repair and preservation of the existing highway system.

Explore options prior to the 2004 legislative session to assist local units of governments in financing their share.

Projected Package Benefits: Project Advancements

1000

900

800

600

100

200

300

400

500

700

$ M

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ns

2004 2005 2006 2007 2008 2009

500 500 500 500 500 500

25 25 25 25

160 300 225 225 250

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825

750

750

750

Advanced projects with $1 billion - $1.2 Normal state road construction programTrunk highway fund growth

Benefits Critical highway and bridge projects will be

completed up to nine years earlier than currently scheduled.

Construction of long-delayed projects will provide congestion relief, add system capacity and enhance economic and personal mobility in Greater Minnesota and the Twin Cities metro area.

Benefits Significant financial savings will result

from building major projects earlier and over a shorter period of time.

The accelerated program will produce a domino effect allowing advancement of smaller projects in future years throughout the state.

Benefits The Minnesota Department of Transportation

will refocus on core responsibilities of roadway safety, preservation and project construction.

Accelerated funding for Transit Advantage capital improvements will support and encourage bus transit use within metro-area highway corridors.

Benefits Additional funding for capital investments

will support Greater Minnesota transit service.

The package maintains the states priority commitment to statewide highway system safety, repair and preservation.

Project selection criteria: Within the states 2004-2013 10-year

construction program.

Provides congestion relief, added capacity, or increased mobility through bottleneck removal or in interregional corridors.

Multi-year, capital intensive projects.

Developed to the point where accelerationis possible.

Redirecting $42 millionThe redirection of $42 million in current Mn/DOT spending from lesser-priority initiatives to highway construction projects will pay the debt service on $550 million in new trunk highway bonds.

Proposed Reallocated Mn/DOT Funding as a Percentage of Trunk Highway Funding

$42,000,000(3.9 percent)

$1,027,000,000

Redirecting $42 million Administration and Overhead: $16,275,000

Information Technology: $10,075,000

Road Maintenance: $4,000,000

Equipment and Facilities: $3,150,000

Research: $2,500,000

Redirecting $42 million Snow and Ice Removal: $2,500,000

Rest Areas: $2,000,000

Striping: $1,000,000

Landscaping: $500,000

$500,000$1,000,000

$2,000,000

$2,500,000

$3,150,000

$4,000,000

$2,500,000

$10,075,000

$16,275,000

Pawlenty-Molnau Transportation Financing PackageProposed Reallocated Mn/DOT Funding $42 Million

Administration and Overhead

Information Technology

Snow and Ice Removal

Road Maintenance

Equipment and Facilities

Research

Rest Areas

Striping

Landscaping

April 2, 2003

PowerPoint Presentation$1 Billion - $1.2 BillionThe package will:Slide 4Slide 5Slide 6Projected Package Benefits: Project AdvancementsBenefitsSlide 9Slide 10Slide 11Project selection criteria:Redirecting $42 millionProposed Reallocated Mn/DOT Funding as a Percentage of Trunk Highway FundingSlide 15Slide 16Slide 17Slide 18