The FY 2006 New Starts Report

Responding to the Demand for Transit

2

Overview of New Starts Program

A Federal, state and local transportation partnership to improve mobility, promote economic growth, relieve congestion, and improve air quality

Discretionary, competitive program Average Federal New Starts share: 50%

$1.5 billion program requested in FY 2006 Grown steadily from $440 million in 1991 (340%)

Funds new and extensions to existing “fixed guideway” systems Light rail, subway/heavy rail, commuter rail, bus rapid transit

Projects are evaluated and rated by FTA For entry into Preliminary Engineering For entry into Final Design Prior to Full Funding Grant Agreement (FFGA) And annually for the New Starts Report

Projects are funded through multi-year FFGAs

3

An FFGA is a “Contract” Between the Federal Government and a Project Sponsor

Assures predictable, multi-year Federal financial support for a specific project (subject to appropriation)

Formally defines the project, including scope, cost and schedule;

Establishes a maximum level of Federal financial assistance;

Establishes the terms and conditions of Federal financial participation.

4

New Starts Partnerships Will Help Meet the Growing Demand for Transit

Communities throughout the Nation want more transit

FTA’s rigorous evaluation and oversight ensure that these investments deliver value for the taxpayer dollar

People all over the country will benefit from the proposed New Starts investments

5

Communities Want More Transit

FTA has evaluated and rated 27 projects for this New Starts Report All are locally-selected projects All are in preliminary engineering or final

design Only projects seeking more than $25

million in Federal New Starts funding Additional 7 projects are exempt from FTA

evaluation

6

Proposed Projects Are…Located Throughout the Country

7

12%

34%

35%

19%

…In Urban Areas of all Sizes

54% of projects in cities with less than 2 million population

46% of projects in cities with over 2 million population 34% over 5 million

population

< 1 million

1-2 million

2-5 million

> 5 million

Projects by Population Size

8

12%

19%

15%

50%

4%

…For a Variety of Transit Modes

50 percent of evaluated projects are light rail

About 20 percent are commuter rail

15 percent are heavy rail projects

3 bus rapid transit and one monorail project

Light rail

Commuter Rail

Heavy Rail

Monorail

Bus Rapid Transit

9

Communities Want New Transit for Many Reasons

Ease congestion in major travel corridors

Connect people to jobs Support community economic and

housing development goals Protect air quality Create more travel choices

10

FTA Ensures that Projects Deliver Value for Taxpayers

Maximize transportation and economic benefits of Federal investments

Ensure every project delivers ridership results

Ensure that project costs and schedules are realistic

Maintain Program Integrityand

Good Stewardship of Taxpayer Dollars

11

FTA’s Evaluation and Rating Process Among Most Rigorous in Government

FTA evaluates and rates proposed projects annually for New Starts Report and at critical stages of project development

Congress established a multiple measure approach to project evaluation

3 Finance factors Proposed State and local share Capital finance plan Operating finance plan

2 Project Justification factors Cost-effectiveness (cost per hour of travel time benefits) Land use

12

Larger Investments Must Produce More Benefits

0

50,000,000

100,000,000

150,000,000

200,000,000

250,000,000

$50 M to $300 M (5projects)

$300 M to $500 M (7projects)

$500 M to $1 B (9projects)

More than $1B (8projects)

Number of Projects by Capital Cost Range

An

nu

al B

oa

rdin

gs

13

New Starts is a Highly Competitive Program

Only about 15 percent of 287 projects authorized in TEA-21 have made it to the finish line thus far

Of 27 projects evaluated for this New Starts Report 2 Highly Recommended 12 Recommended 8 Not Recommended 5 Not Rated

14

Evaluation Results – 27 Projects

Highly Recommended (2) New York, LIRR East Side Access Comm.

Rail* New York, Second Ave Subway HRT**

Recommended (12) Phoenix, AZ, Central Phoenix/East Valley

LRT* Charlotte, NC, South Corridor LRT* Pittsburgh, PA, North Shore Connector

LRT* Washington Co, OR, Wilsonville to

Beaverton Commuter Rail** San Diego, CA, Mid-Coast Extension LRT** San Francisco, CA, Central Subway HRT Denver, CO, West Corridor LRT** Boston, MA, Silver Line Phase III HRT Portland, OR, South Corridor LRT Dallas, TX, Northwest/Southeast MOS

LRT** Salt Lake City, UT, Weber County to SLC

Commuter Rail** Northern Virginia, VA, Dulles Corridor

Extension to Wiehle Ave, HRT (PE)

Not Recommended (8) Las Vegas, NV, Resort Corridor Downtown

Monorail Extension Santa Clara, CA, Silicon Valley Rapid Transit

Corridor Fort Collins, CO, Mason Transportation

Corridor Hartford, CT, New Britain- Hartford Busway Tampa Bay, FL, Tampa Bay Regional Rail New Orleans, LA, Desire Streetcar Line Minneapolis, MN, Northstar Commuter Rail Philadelphia, PA, Schuylkill Valley MetroRail

Not Rated (5) Raleigh, NC, Raleigh-Durham Regional Rail Los Angeles, CA, Exposition Corridor LRT Orange Co, CA, CenterLine LRT Miami, FL, North Corridor Metrorail

Extension Norfolk, VA, Norfolk LRT

*Anticipated FFGA/funding recommendation

** Among 6 projects that may be recommended for funding

15

FY 06 Budget Proposes Funding for 16 Current and up to 10 New Projects

$635 Million for 16 Existing Full Funding Grant Agreements

$590 Million for 4 Anticipated Full Funding Grant Agreements

$158 Million for up to 6 additional projects Have received a “Recommended” or “Highly

Recommended” rating Are currently in final design or are expected to be in final

design by early 2005

16

10 New Projects Proposed for Funding are…Located in Every Region

17

…In Areas with High Population and Employment Growth Rates

0%

10%

20%

30%

40%

50%

60%

70%

80%

Metro PopGrowth

Metro EmpGrowth

U.S. Census National Population Growth Rate Forecast

Northeast

West South

18

…For A Variety of Transit Modes

6 Light Rail Projects Phoenix, AZ, (FFGA) Charlotte, NC, (FFGA) Pittsburgh, PA, North Shore Connector (FFGA) San Diego, CA, Mid-Coast Corridor Denver, CO, West Corridor Dallas, TX, Northwest/Southeast MOS

3 Commuter Rail Projects New York, NY, LIRR Eastside Access (FFGA) Washington County, OR, Wilsonville-Beaverton Commuter Rail Salt Lake City, UT, Weber County to Salt Lake Commuter Rail

1 Heavy Rail (Subway) Project New York, NY, Second Avenue Subway MOS