The FY 2006 New Starts Report Responding to the Demand for Transit.
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Transcript of The FY 2006 New Starts Report Responding to the Demand for Transit.
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