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February 2008

MTA Capital Program2008-2013

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Genesis of the Accelerated Program

– 2007 statute created NYC Traffic Congestion Mitigation Commission required the MTA to submit a 2008-2013 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

2008-2013 Capital Program

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Protect Vital Fundamentals

Fulfill Commitments to Enhance Capacity

Support Region in Global Economy

2008-2013 Capital Program: Goals

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Total2008-2013Program

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

2008-2013 Capital Program: Investment Components

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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

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2008-2013 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)

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MTA-Wide Core Investments

Program includes projects that benefit all MTA agencies:

– $590M Security program includes $318 million of projects from 05-09 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

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B&T

Total2008-2013Program

Bridges and Tunnels $2,508

2008-2013 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

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in millions

Tier 2: Core Program and Completion of Current Expansion Projects

Core Program Investments with Full Reserve $20,785

Complete Expansion Projects Underway 5,519

Total Core CPRB Program and Current Expansion $26,304

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2008-2013 Capital Program: Current Capacity Expansion

Complete projects underway --- 30 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

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2008-2013 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-14 Feb-15 $6,350 $894 $7,244

Second Avenue Subway

Jun-14 Jun-15 $4,050 $297 $4,347

Fulton Street Transit Center

Jun-09 TBD $903 $295 $1,198

South Ferry May-08 Feb-09 $490 $27 $517

Total     $11,793 $1,513 $13,306

in millions

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Existing capacity expansionsCurrent

Funding2008-2013 Proposed Project Total

East Side Access $4,107 $3,137 $7,244

Second Avenue Subway 2,964 1,383 4,347

Fulton Street Transit Center 903 295 1,198

South Ferry 490 27 517

Regional Investments 0 476 476

MTA Administration n/a 200 200

Total $5,519

in millions

Complete projects underway

2008-2013 Capital Program: Current Capacity Expansion

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– 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

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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

MTA Region Population & Annual MTA Ridershipin millions

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

18,000

1970 1980 1990 2000 2010 2020 2030

Year (2010-2030 projected)

Reg

ion

Po

pu

lati

on

1,500

1,700

1,900

2,100

2,300

2,500

2,700

2,900

3,100

3,300

MT

A R

ider

ship

Population Ridership

Tier 3: 2008-2013 Capacity Expansion Investments

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Core CPRB Program Investments $20,535

Completion of Existing Capacity Expansions 5,769

New Capacity Expansion Investments:

CBTC Flushing and Qns. Blvd* $1,425

Second Avenue Subway Next Phase* 1,000

Penn Access* 400

Jamaica Capacity Improvement 150

#7 Fleet Expansion 175

Capacity Planning Studies 50

Sustainability Investments 50

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

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– 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-North’s 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 MTA’s environmental stewardship

2008-2013 Capital Program: New Capacity Expansion

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– 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

– 2008-2013 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

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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

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2008-2013 Capital Program

Federal Formula and Flexible 8,100

Federal Security 590

City Funding (including MTA Bus) 527

Asset Sales 500

LaGuardia Reprogramming 160

Carryover Funds from 05-09 $1,868

New Bonds (assumed in the MTA’s Financial Plan to be supported by new state funding and local match) 4,000

Bonds based on Congestion Pricing 4,500

Identified Sources $20,245

Potential Funding Sources