1 February 2008 MTA Capital Program 2008-2013. 2 Genesis of the Accelerated Program –2007 statute...
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Transcript of 1 February 2008 MTA Capital Program 2008-2013. 2 Genesis of the Accelerated Program –2007 statute...
1
February 2008
MTA Capital Program2008-2013
2
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
3
Protect Vital Fundamentals
Fulfill Commitments to Enhance Capacity
Support Region in Global Economy
2008-2013 Capital Program: Goals
4
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)
7
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
8
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
14
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
18
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