RAC Capital Presentatition May 5, 2010

Transcription

1 RAC Capital Presentation ti May 5, 2010

2 Flexible Six-Year Agreement Flexible Six-Year Agreement minimum funding commitment to match Federal funds, and to annually assess availability of additional funds Line of credit (LOC) to support annual program ($250M) Advantages Demonstrates commitment to Metro capital funding needs Preserves funder flexibility Reduces contracting and financing costs All projects under one roof supports oversight and spending efficiency Allows for increases in Metro capital funding Disadvantages Establishes only a minimum funding commitment Minimum commitment could be confused for "full" commitment Allows for decreases in Metro capital funding Implementation Issues/ Concerns Cost of purchasing LOC estimated at $5M over FY CIP timeframe Would require annual discussions with jurisdictions above minimum funding commitment

3 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Term of Six years with debt service and some No expiration agreement out-year spending ( tail ) Option to cancel every six years Debt service continues even if agreement cancellation is requested Capital Covers: IRP, bus, rail, and safety and Covers nine categories of Improvement Program security Funding amounts established Jurisdictional approval for changes in projects Projects described in detail and matched with funding sources major elements without excess funds in transferring category (expect for revenue shortfalls and recovery plans) Amounts subject to appropriation CIP approved annually with a five-year planning addition (no sixyear locked in program)

4 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Jurisdictional i Specific allocated Commitment is to match all federal grants Contributions contributions for agreement and tail periods annually and provide amounts for system performance funds for the upcoming year No static schedule of funds Metro to provide estimate of required matching funds for succeeding fiscal year If federal grants increase by more than 20%, parties will discuss within 30 days Jurisdictions must contribute all system performance funds allocated by subsidy formulas for placement in Annual Work Plan

5 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Funding for Silent on funding sources All unallocated and expended funds will be Annual Work Plan Projects All funds must be considered eligible for matching federal grants dropped from the Annual Work Plan and require approval for future use Unexpended funds from completed projects will be rolled into following year New projects in Annual Work Plan will have sources of funding listed Multi-year projects have first call on current funding sources in out years. If funds are not sufficient, then other funding will be used Debt service and state of good repair projects have first claim on all funds for which they are eligible

6 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Subsidy Formulas IRP by weighted average of rail capital and bus capital formulas Rail by rail capital Bus by bus capital No process to update amounts due to Metro Weighted average formula for rail, bus and financing expenditures Paratransit has unique formula Dedicated funding resources will use the dedicated funding provision Amounts adjusted on annual basis Weighted average can be changed as needed

7 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Annual Projects with fund obligated or Broken out by CIP element like Metro Matters Work Plan Contents expended in next fiscal year Budget, including cost estimates Also includes expected sources of funds for the budgeted work Must also include preliminary results of Jurisdictional contributions broken out by cash and debt service Summary current year work with costs incurred to date and remaining costs Summary of remaining Metro Matters projects with estimated costs to complete budget reconciliation process for the recently concluded fiscal year

8 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Appropriation Commitment Each year, jurisdictions must notify Metro before June 1 whether the required amount has been appropriated p or will be appropriated Written assurance that all reasonable efforts will be undertaken to obtain such appropriations Same but more detailed. No CIP or Annual Work Plan will be approved without all jurisdictions certifying that funding levels are reasonable and accurate reflections of available funds Reasonable efforts will require a jurisdiction to request its legislative body to appropriate p the entire amount of funds required under the terms of this agreement

9 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Annual Budget Actual expenditures for Same but with expected sources Reconciliation Process projects/activities to date as compared to planned expenditures of funds added to the estimated cost to complete section Actual contributions to date compared to scheduled contributions Projected contributions for remainder of program Actual grant amounts received as compared to projected amount for the same time Estimated cost to complete program

10 The Multi-Year Capital Program Metro Matters Next Capital Funding Agreement Reprogramming Board approval obtained To reprogram to a different element requires certification that the work in the first element can be completed with the remaining funds More formalized process Changes within category up to 50% of category amount can be approved by CFO Above that amount or between categories requires presentation to the JCC and then Board approval Addition or elimination of projects require presentation to the JCC 30 days before Board approval

11 CIP Assumptions Source of Funds Proposed Budget Revised Budget Federal Formula Grants 4-5% growth 1% growth in FY 2011, 4% FY , and 5% FY Systems Performance $108M annually $22M in FY 2011, $70M Funds (local additional) in FY 2012, and $108M FY Debt $442M $179M Use of Funds Program Management Stand alone project, Allocated to each project allocated to the entire program 10

12 Timeline for Jurisdictional and Board Actions May 13 (today) May FA Committee Committee review of draft agreement and referral to Board May 27 Board Approval of agreement and distribution to jurisdictions for signature Late May Jurisdictional staff initiate processes for required approvals Week of June 7 Public Roundtable by Council of the District of Columbia Committee on Public Works and Transportation June 7 or 21 City of Falls Church City Council Work Session June 8 (tentative) Washington Suburban Transit Commission Meeting June 12 Arlington County Board Meeting June 15 Council of the District of Columbia Meeting Committee of the Whole June 22 Meetings of the Fairfax County Board of Supervisors, Alexandria City Council and City of Fairfax Council June 28 City of Falls Church City Council Meeting June 30 General Manager execution of agreement

13 Appendix 12

14 Revisions to the Proposed FY CIP ($ Millions) FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Proposed FY11-16 CIP $718.3 $759.1 $764.4 $763.8 $1,039.9 $983.7 $5,029.2 A) Projected Less Growth in Federal Funds (8.9) (9.3) (12.9) (13.5) (14.2) (14.9) (73.8) B) Pro forma analysis for jurisdiction constraints (85.8) (37.6) (183.8) (127.3) (386.3) C) Revisions for 7000 Series Rail Cars (230.7) (145.2) D) Revisions for 4000 Series Rail Cars 0.0 (1.3) (1.4) 0.2 (51.7) E) Revisions for Credit Facility F) Revisions for NTSB Recommendations G) Revisions for Preventive Maintenance H) Priority projects added to the January Proposed CIP J) Add Rail Rehab. Tier 1: Dupont to Grosvenor K) Add Rail Mileage-based Asset Management L) Add Cheverly Abutment M) Projects reduced or removed Proposed CIP (C to L) (131.8) (34.6) (18.2) (81.8) (8.4) 64.4 (210.5) Total Revisions (94.7) (46.9) (12.9) 34.6 (198.0) (142.2) (460.1) Revised FY11-16 CIP $623.6 $712.3 $751.6 $798.4 $841.8 $841.5 $4,

15 January Budget Book vs. April FY CIP (dollars in millions) January FY CIP April FY CIP April vs Jan. Variance A Vehicles/ Vehicle Parts Replacement of Rail Cars (123.2) Replacement of Buses (59.2) Rehabilitation of Rail Cars Rehabilitation of Buses (10.4) Replacement of MetroAccess Vehicles (4.7) Replacement of Service Vehicles (5.1) Rail Car Fleet Expansion Bus Fleet Expansion (16.9) Bus Enhancements (2.9) MetroAccess Fleet Expansion Subtotal 2, ,059.2 (97.6) B Rail System Infrastructure Rehabilitation Rail Line Segment Rehabilitation Subtotal C Maintenance Facilities Rehabilitation and Replacement of Bus Garages Maintenance of Bus Garages Maintenance of Rail Yards Rail Maintenance Facilities (60.0) Environmental Compliance Projects Maintenance Bus and Rail Facilities (7.7) Expansion of Bus Garages (72.5) Expansion of MetroAccess Garages Subtotal (128.7) D Systems and Technology Power System Upgrades - Rail (1.3) Operations Support Software (76.5) Business Support Software & Equipment (44.3) Rail Fare Equipment (20.1) Subtotal (142.2) 14

16 January Budget Book vs. April FY CIP (dollars in millions) January FY CIP April FY CIP April vs Jan. Variance E Track and Structures Track Rehabilitation Station/Tunnel Rehabilitation Subtotal F Passenger Facilities Elevator/Escalator Facilities Maintenance of Rail Station Facilities Bicycle & Pedestrian Facilities (4.5) Rail Station: ti Capacity/Enhancements t (34.6) Bus Priority Corridor Improvements (4.5) Rail Station Equipment Subtotal G Maintenance Equipment Rail Maintenance Equipment Bus Repair Equipment Business Facilities Equipment Subtotal H Other Facilities Business Support Facilities (32.2) MTPD Support Facilities (33.3) MetroAccess Operations Facility Subtotal (65.5) I Program Management Program Management (142.9) Credit Facility Subtotal (133.9) Total 5, ,569.1 (460.1) 15

17 Proposed Budget Book Source of Funds with Jurisdictional Contribution Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Federal Funds: Budget Forecast Forecast Forecast Forecast Forecast FY Federal Formula Grant Funds: Section 5307 Grant $144.0 $149.8 $157.3 $165.2 $173.4 $182.1 $971.8 Section 5309 Grant Subtotal - Formula Grants $248.6 $258.5 $271.4 $285.0 $299.2 $314.2 $1,676.9 Federal Dedicated Funds Subtotal: Federal Funds $398.6 $408.5 $421.4 $435.0 $449.2 $464.2 $2,576.9 State and Local Funds: Match to Federal Formula Grants $62.1 $64.6 $67.9 $71.2 $74.8 $78.6 $419.2 Local Additional Funds Subtotal: Federal Match & Local ,064.6 District of Columbia $64.0 $64.9 $66.1 $67.4 $68.8 $70.2 $401.4 Montgomery County $29.4 $29.8 $30.3 $30.9 $31.6 $32.2 $184.2 Prince Georges County Maryland Subtotal Alexandria Arlington County City of Fairfax Fairfax County Falls Church Virginia i i Subtotal $44.0 $44.6 $ $46.3 $47.2 $48.2 $ Subtotal: Contributions $169.7 $172.2 $175.4 $178.8 $182.4 $186.1 $1,064.6 Match to Federal Dedicated Funds Subtotal: State and Local Funds $319.7 $322.2 $325.4 $328.8 $332.4 $336.1 $1,964.6 Misc. CIP Funding Sources Total without Debt $718.3 $759.1 $764.4 $763.8 $781.6 $800.3 $4,587.5 Debt Strategy Grand Total $718.3 $759.1 $764.4 $763.8 $1,039.9 $983.7 $5,

18 Revised Source of Funds with Jurisdictional Contribution Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Federal Funds: Budget Forecast Forecast Forecast Forecast Forecast FY Federal Formula Grant Funds: Section 5307 Grant $139.9 $145.5 $151.4 $158.9 $166.9 $175.2 $937.9 Section 5309 Grant Subtotal - Formula Grants $241.4 $251.1 $261.1 $274.2 $287.9 $302.3 $1,617.9 Federal Dedicated Funds Subtotal: Federal Funds $ $ $ $ $ $ $2, State and Local Funds: Match to Federal Formula Grants $60.4 $62.8 $65.3 $68.5 $72.0 $75.6 $404.5 Local Additional Funds Subtotal: Federal Match & Local District of Columbia Montgomery County Prince Georges County Maryland Subtotal Alexandria Arlington County City of Fairfax Fairfax County Falls Church Virginia Subtotal Subtotal: Contributions Match to Federal Dedicated Funds Subtotal: State and Local Funds $232.1 $282.8 $322.9 $326.1 $329.6 $333.2 $1,826.7 Misc. CIP Funding Sources Total without Debt $623.6 $712.3 $751.6 $750.3 $767.4 $785.4 $4,390.6 Debt Strategy Grand Total $623.6 $712.3 $751.6 $798.4 $841.8 $841.5 $4,

19 Proposed Budget Book - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY (dollars in millions) A Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Forecast Forecast Forecast Forecast Forecast Forecast FY Vehicles/ Vehicle Parts Replacement of Rail Cars CIP Series Rail Car Replacement Subtotal Replacement of Buses CIP006 Bus Replacement Subtotal Rehabilitation of Rail Cars CIP Series Rail Car HVAC Rehabilitation CIP /3000 Series Rail Car Mid-Life Rehabilitation CIP Series Rail Car Mid-Life Rehabilitation CIP067 Rail Car Safety & Reliability Enhancements CIP063 Rail Rehabilitation Program CIP125 Rail Preventive Maintenance Subtotal Rehabilitation of Buses CIP005 Bus Rehabilitation Program CIP008 Bus Repairables CIP137 Bus Preventive Maintenance Subtotal Replacement of MetroAccess Vehicles CIP015 MetroAccess Fleet Replacement Subtotal Replacement of Service Vehicles CIP009 Service Vehicle Replacement Subtotal Rail Car Fleet Expansion CIP Series Rail Car Procurement Subtotal Bus Fleet Expansion CIP003 Bus Capacity Enhancements: Fleet Expansion Subtotal Bus Enhancements CIP001 Antenna Reduction/ Security Enhancements CIP002 Automatic Vehicle Location Equipment Replacement CIP007 Bus Camera Installation Subtotal Subtotal ,

20 Proposed Budget Book - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY (dollars in millions) B Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Forecast Forecast Forecast Forecast Forecast Forecast FY Rail System Infrastructure Rehabilitation Rail Line Segment Rehabilitation CIP108 Rail Rehabilitation Tier 1: Dupont to Grosvenor CIP107 Rail Rehabilitation Tier 1: Dupont to Silver Spring CIP110 Rail Rehabilitation Tier 1: National Airport to Stadium Armory Subtotal Subtotal C Maintenance Facilities Rehabilitation and Replacement of Bus Garages CIP085 Replacement of Additional Bus Garages CIP086 Southeastern Bus Garage Replacement CIP084 Southern Avenue Bus Garage Replacement Subtotal Maintenance of Bus Garages CIP119 Bus Garage Facility Repairs Tier 1: Western, Northern and Landover Subtotal Maintenance of Rail Yards CIP116 Rail Yard Facility Repairs Tier 1: Alexandria, Brentwood and New Carrollton Subtotal Rail Maintenance Facilities CIP071 Test Track & Commissioning Facility Subtotal Environmental Compliance Projects CIP010 Environmental Compliance Projects CIP011 Underground Storage Tank Replacement Subtotal Maintenance Bus and Rail Facilities CIP127 Support Equipment - MTPD CIP126 Financial Planning, Project Administration, and System Wide Infrastructure Upgrades Subtotal Expansion of Bus Garages CIP078 Bladensburg Shop Reconfiguration CIP038 Bus Garage Capacity Enhancements Subtotal Subtotal

21 Proposed Budget Book - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY (dollars in millions) Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Forecast Forecast Forecast Forecast Forecast Forecast FY D Systems and Technology Power System Upgrades - Rail CIP % 8-Car Train -- Power Upgrades CIP076 8-Car Train Power Upgrades Subtotal Operations Support Software CIP042 Bus & Rail Asset Management Software CIP043 Bus Operations Support Software CIP044 Customer & Regional Integration CIP045 Data Centers and Infrastructures CIP047 Enterprise Geographic Information System CIP052 Network and Communications CIP053 Network Operations Center (NOC) CIP051 Police Dispatch and Records Management CIP056 Rail Operations Support Software Subtotal Business Support Software & Equipment CIP030 Currency Processing Machines CIP054 Customer Electronic Communications & Outreach CIP046 Document Management System CIP049 Management Support Software CIP050 Metro IT OneStop and Office Automation CIP103 Police Portable Radio Replacement CIP048 Sensitive Data Protection Technology Subtotal Rail Fare Equipment CIP091 Automatic Fare Collection Machines CIP031 Debit/Credit Processing Requirements CIP092 Ethernet Wiring for Rail Fare Machines CIP032 Fare Media Encoders CIP094 Improvements to Coin Collection Machines CIP093 Maintaining NEXTFARE System CIP097 Open Bankcard and Automatic Fare Collection Systems Subtotal Subtotal

22 Proposed Budget Book - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY (dollars in millions) Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Forecast Forecast Forecast Forecast Forecast Forecast FY E Track and Structures Track Rehabilitation CIP023 Third Rail Rehabilitation CIP089 Track Fasteners CIP019 Track Floating Slab Rehabilitation CIP021 Track Pad/Shock Absorber Rehabilitation CIP024 Track Rehabilitation CIP022 Track Structural Rehabilitation CIP018 Track Welding Program Subtotal Station/Tunnel Rehabilitation CIP026 Station/Tunnel Leak Mitigation Subtotal Subtotal F Passenger Facilities Elevator/Escalator Facilities CIP072 Elevator Rehabilitation CIP132 Elevator/Escalator Repairables CIP073 Escalator Rehabilitation Subtotal Maintenance of Rail Station Facilities CIP087 Station Enhancement Program Subtotal Bicycle & Pedestrian Facilities CIP035 Bicycle & Pedestrian Facilities: Capacity Improvements CIP036 Replacement of Bicycle Racks & Lockers Subtotal Rail Station: Capacity/Enhancements CIP039 Core & System Capacity Project Development CIP074 Installation of Parking Lot Credit Card Readers CIP088 Station Entrance Canopies Subtotal Bus Priority Corridor Improvements CIP037 Bus Priority Corridor Network Enhancements Subtotal Rail Station Equipment CIP099 Police Emergency Management Equipment Subtotal Subtotal

23 Proposed Budget Book - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY (dollars in millions) G Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Forecast Forecast Forecast Forecast Forecast Forecast FY Maintenance Equipment Rail Maintenance Equipment CIP136 FCC Radio Frequency Communication Changes CIP065 Geometry Vehicle CIP066 Rail Shop Repair Equipment CIP020 Replacement of Rail Track Signage CIP027 Switch Machine Rehabilitation Project CIP025 Track Maintenance Equipment CIP135 Train Control Signal CIP133 Wayside Work Equipment Subtotal Bus Repair Equipment CIP004 Bus Repair Equipment Subtotal Business Facilities Equipment CIP028 Materials Handling Equipment CIP029 Warehouse Vertical Storage Units/Shelving Subtotal Subtotal H Other Facilities Business Support Facilities CIP134 Carmen Turner Facility Parking Garage CIP080 Jackson Graham Building Renovation CIP033 Replacement of Revenue Facility Equipment CIP034 Revenue Collection Facility (RCF) Building Expansion Subtotal MTPD Support Facilities CIP101 Police Substation- New District CIP102 Police Substation-- New District CIP100 Police Training Facility CIP106 Special Operations Division Facility Subtotal Subtotal I Project Management and Support Program Management CIP130 Program Management Subtotal Credit Facility CIP131 Credit Facility Subtotal Subtotal Total , ,

24 Revised - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY Annual Work (dollars in millions) Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Budget Forecast Forecast Forecast Forecast Forecast FY A Vehicles/ Vehicle Parts Replacement of Rail Cars CIP Series Rail Car Replacement $67.1 $0.0 $2.1 $134.2 $377.1 $127.0 $707.5 Subtotal $67.1 $0.0 $2.1 $134.2 $377.1 $127.0 $707.5 Replacement of Buses CIP006 Bus Replacement $74.1 $72.0 $56.2 $59.3 $80.9 $ $ Subtotal $74.1 $72.0 $56.2 $59.3 $80.9 $80.8 $423.3 Rehabilitation of Rail Cars CIP Series Rail Car HVAC Rehabilitation $4.2 $1.1 $0.0 $0.0 $0.0 $0.0 $5.4 CIP /3000 Series Rail Car Mid-Life Rehabilitation CIP Series Rail Car Replacement CIP067 Rail Car Safety & Reliability Enhancements CIP063 Rail Rehabilitation Program CIP125 Rail Preventive Maintenance Subtotal $71.2 $37.2 $35.1 $58.5 $36.5 $224.2 $462.7 Rehabilitation of Buses CIP005 Bus Rehabilitation Program $19.2 $30.1 $30.8 $31.7 $32.5 $33.2 $177.5 CIP008 Bus Repairables CIP137 Bus Preventive Maintenance Subtotal $47.6 $48.8 $54.3 $54.1 $58.7 $60.5 $324.0 Replacement of MetroAccess Vehicles CIP015 MetroAccess Fleet Replacement $5.1 $11.9 $14.2 $10.3 $3.6 $13.8 $58.9 Subtotal $5.1 $11.9 $14.2 $10.3 $3.6 $13.8 $58.9 Replacement of Service Vehicles CIP009 Service Vehicle Replacement $0.0 $8.6 $8.0 $7.0 $0.0 $5.7 $29.3 Subtotal $0.0 $8.6 $8.0 $7.0 $0.0 $5.7 $29.3 Rail Car Fleet Expansion CIP Series Rail Car Procurement $8.0 $0.8 $1.7 $1.1 1 $0.0 0 $0.0 0 $11.6 Subtotal $8.0 $0.8 $1.7 $1.1 $0.0 $0.0 $11.6 Bus Fleet Expansion CIP003 Bus Capacity Enhancements: Fleet Expansion $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Subtotal $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Bus Enhancements CIP001 Antenna Reduction/ Security Enhancements $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CIP002 Automatic Vehicle Location Equipment Replacement CIP007 Bus Camera Installation Subtotal $9.4 $19.1 $13.5 $0.0 $0.0 $0.0 $42.0 Subtotal $282.5 $198.5 $185.0 $324.5 $556.8 $511.9 $2,

25 Revised - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY Annual Work (dollars in millions) Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Budget Forecast Forecast Forecast Forecast Forecast FY B Rail System Infrastructure Rehabilitation Rail Line Segment Rehabilitation CIP108 Rail Rehabilitation Tier 1: Dupont to Grosvenor $0.0 $0.0 $0.0 $40.5 $50.0 $50.0 $140.5 CIP107 Rail Rehabilitation Tier 1: Dupont to Silver Spring CIP110 Rail Rehabilitation Tier 1: National Airport to Stadium Armory Subtotal $75.4 $126.4 $130.7 $183.5 $113.9 $118.8 $748.7 Subtotal $75.4 $126.4 $130.7 $183.5 $113.9 $118.8 $748.7 C Maintenance Facilities Rehabilitation and Replacement of Bus Garages CIP085 Royal Street Bus Garage Replacement (Cinder Bed Road) $16.4 $31.8 $48.0 $2.4 $0.0 $0.0 $98.7 CIP086 Southeastern Bus Garage Replacement (DC Village) CIP084 Southern Avenue Bus Garage Replacement Subtotal $27.0 $ $114.6 $ $0.0 0 $0.0 0 $ Maintenance of Bus Garages CIP119 Bus Garage Facility Repairs Tier 1: Western, Northern and Landover $8.3 $25.9 $51.7 $32.3 $9.6 $17.3 $145.1 Subtotal $8.3 $25.9 $51.7 $32.3 $9.6 $17.3 $145.1 Maintenance of Rail Yards CIP116 Rail Yard Facility Repairs Tier 1: Alexandria, Brentwood and New Carrollton $0.0 $33.8 $38.5 $41.9 $15.1 $26.8 $156.1 Subtotal $0.0 $33.8 $38.5 $41.9 $15.1 $26.8 $156.1 Rail Maintenance Facilities CIP071 Test Track & Commissioning Facility $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Subtotal $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Environmental Compliance Projects CIP010 Environmental Compliance Projects $0.6 $0.7 $0.7 $0.7 $0.8 $0.8 $4.3 CIP011 Underground Storage Tank Replacement Subtotal $2.8 $5.1 $3.2 $3.2 $1.8 $3.8 $19.8 Maintenance Bus and Rail Facilities CIP127 Support Equipment - MTPD $1.0 $1.0 $1.0 $1.0 $1.0 $1.0 $6.2 CIP126 Financial Planning, Project Administration, and System Wide Infrastructure Upgrades Subtotal $3.2 $3.2 $3.4 $4.1 $4.8 $4.3 $22.9 Expansion of Bus Garages CIP078 Bladensburg Shop Reconfiguration $3.1 $6.2 $7.2 $9.5 $0.0 $0.0 $25.9 CIP038 Bus Garage Capacity Enhancements Subtotal $3.1 $6.2 $7.2 $9.5 $0.0 $0.0 $25.9 Subtotal $44.3 $166.0 $218.6 $115.1 $31.3 $52.2 $

26 Revised - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY Annual Work (dollars in millions) Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Budget Forecast Forecast Forecast Forecast Forecast FY D Systems and Technology Power System Upgrades - Rail CIP % 8-Car Train -- Power Upgrades $4.1 $0.0 $0.0 $0.0 $0.0 $0.0 $4.1 CIP076 8-Car Train Power Upgrades Subtotal $4.1 $0.0 $10.1 $8.0 $3.7 $2.1 $28.0 Operations Support Software CIP042 Bus & Rail Asset Management Software $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CIP043 Bus Operations Support Software CIP044 Customer & Regional Integration CIP045 Data Centers and Infrastructures CIP047 Enterprise Geographic Information System CIP052 Network and Communications CIP053 Network Operations Center (NOC) CIP051 Police Dispatch and Records Management CIP140 Rail Mileage Based Asset Management CIP056 Rail Operations Support Software Subtotal $21.9 $25.7 $25.1 $25.5 $18.3 $15.7 $132.1 Business Support Software & Equipment CIP030 Currency Processing Machines $0.0 $1.4 $1.4 $0.0 $0.0 $0.0 $2.9 CIP054 Customer Electronic Communications & Outreach CIP046 Document Management System CIP049 Management Support Software CIP050 Metro IT OneStop and Office Automation CIP103 Police Portable Radio Replacement CIP048 Sensitive Data Protection Technology Subtotal $9.3 $16.3 $19.8 $19.8 $12.8 $2.7 $80.7 Rail Fare Equipment CIP091 Automatic Fare Collection Machines $0.0 $1.1 $1.0 $1.0 $4.6 $6.7 $14.5 CIP031 Debit/Credit Processing Requirements CIP092 Ethernet Wiring for Rail Fare Machines CIP032 Fare Media Encoders CIP094 Improvements to Coin Collection Machines CIP093 Maintaining NEXTFARE System CIP097 Open Bankcard and Automatic Fare Collection Systems 0.0 $0.0 $ Subtotal $6.5 $1.9 $1.3 $1.3 $4.9 $7.0 $22.9 Subtotal $41.8 $44.0 $56.2 $54.6 $39.7 $27.5 $

27 Revised - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY (dollars in millions) Annual Work Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Budget Forecast Forecast Forecast Forecast Forecast FY E Track and Structures Track Rehabilitation CIP023 Third Rail Rehabilitation $0.0 $5.5 $4.2 $4.4 $4.6 $4.9 $23.6 CIP089 Track Fasteners CIP019 Track Floating Slab Rehabilitation CIP021 Track Pad/Shock Absorber Rehabilitation CIP024 Track Rehabilitation CIP022 Track Structural Rehabilitation CIP141 Cheverly Abutment CIP018 Track Welding Program Subtotal $58.6 $48.4 $48.6 $47.3 $49.5 $54.0 $306.3 Station/Tunnel Rehabilitation CIP026 Station/Tunnel Leak Mitigation $3.1 $3.3 $3.3 $3.5 $3.6 $3.8 $20.5 Subtotal $3.1 $3.3 $3.3 $3.5 $3.6 $3.8 $20.5 Subtotal $61.6 $51.7 $51.9 $50.7 $53.1 $57.8 $326.8 F Passenger Facilities Elevator/Escalator Facilities CIP072 Elevator Rehabilitation $2.4 $3.5 $2.3 $1.1 $1.7 $2.2 $13.1 CIP132 Elevator/Escalator Repairables CIP073 Escalator Rehabilitation Subtotal $11.6 $16.6 $18.8 $20.0 $21.0 $16.9 $104.9 Maintenance of Rail Station Facilities CIP132 Parking Lot Rehabilitation $43.9 $30.2 $9.3 $0.0 $0.0 $0.0 $83.4 CIP087 Station Enhancement Program Subtotal $51.6 $38.1 $17.2 $8.1 $8.2 $8.4 $131.6 Bicycle & Pedestrian Facilities CIP035 Bicycle & Pedestrian Facilities: Capacity Improvements $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CIP036 Replacement of Bicycle Racks & Lockers Subtotal $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Rail Station: Capacity/Enhancements CIP039 Core & System Capacity Project Development $0.5 $1.0 $1.0 $1.0 $1.6 $1.0 $6.2 CIP074 Installation of Parking Lot Credit Card Readers CIP088 Station Entrance Canopies Subtotal $0.5 $1.0 $1.0 $1.0 $1.6 $4.4 $9.6 Bus Priority Corridor Improvements CIP037 Bus Priority Corridor Network Enhancements $2.1 $2.1 $2.1 $2.1 $2.1 $2.1 $12.4 Subtotal $2.1 $2.1 $2.1 $2.1 $2.1 $2.1 $12.4 Rail Station Equipment CIP099 Police Emergency Management Equipment $0.9 $0.0 $0.0 $0.0 $0.0 $0.1 $1.0 Subtotal $0.9 $0.0 $0.0 $0.0 $0.0 $0.1 $1.0 Subtotal $66.7 $57.8 $39.1 $31.2 $32.8 $31.8 $

28 Revised - Use of Funds Project Details Capital Improvement Program (CIP) Costs: FY Annual Work (dollars in millions) Plan Year: FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 Total Budget Forecast Forecast Forecast Forecast Forecast FY G Maintenance Equipment Rail Maintenance Equipment CIP136 FCC Radio Frequency Communication Changes $0.2 $1.0 $10.3 $9.3 $0.0 $0.0 $20.8 CIP065 Geometry Vehicle CIP139 NTSB Recommendations CIP066 Rail Shop Repair Equipment CIP020 Replacement of Rail Track Signage CIP027 Switch Machine Rehabilitation Project CIP025 Track Maintenance Equipment CIP135 Train Control Signal CIP133 Wayside Work Equipment Subtotal $37.5 $55.6 $50.9 $28.6 $4.2 $31.4 $208.3 Bus Repair Equipment CIP004 Bus Repair Equipment $2.7 $2.9 $3.0 $3.1 $3.2 $3.4 $18.4 Subtotal $2.7 $2.9 $3.0 $3.1 $3.2 $3.4 $18.4 Business Facilities Equipment CIP028 Materials Handling Equipment $0.2 $0.1 $0.1 $0.1 $0.2 $0.2 $0.9 CIP029 Warehouse Vertical Storage Units/Shelving Subtotal $0.8 $0.8 $0.7 $0.8 $0.9 $0.8 $4.9 Subtotal $41.1 $59.3 $54.7 $32.5 $8.4 $35.6 $231.6 H Other Facilities Business Support Facilities CIP134 Carmen Turner Facility Parking Garage $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CIP080 Jackson Graham Building Renovation CIP033 Replacement of Revenue Facility Equipment CIP034 Revenue Collection Facility (RCF) Building Expansion Subtotal $4.3 $1.5 $1.5 $0.5 $0.4 $0.3 $8.5 MTPD Support Facilities CIP101 Police Substation- New District 2 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 CIP102 Police Substation-- New District CIP100 Police Training Facility CIP106 Special Operations Division Facility Subtotal t $0.8 $1.6 $8.3 $0.3 $0.0 0 $0.0 0 $11.11 Subtotal $5.1 $3.2 $9.8 $0.8 $0.4 $0.3 $19.6 I Project Management and Support Program Management CIP130 Program Management $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Subtotal $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 Credit Facility CIP131 Credit Facility $5.0 $5.5 $5.5 $5.5 $5.5 $5.5 $32.5 Subtotal $5.0 $5.5 $5.5 $5.5 $5.5 $5.5 $32.5 Subtotal $5.0 $5.5 $5.5 $5.5 $5.5 $5.5 $32.5 Total $623.6 $712.3 $751.6 $798.4 $841.8 $841.5 $4,