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Metra Board of Directors September 19, 2014 Presented by Lynnette H. Ciavarella

FY2015 & FY2016–2019 Capital Program Overview. Metra Board of Directors September 19, 2014 Presented by Lynnette H. Ciavarella Senior Division Director, Strategic Capital Planning. 2015 – 2019: Capital Program Funding. Funding Sources. 2. 2015 Proposed Major Capital Projects.

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Metra Board of Directors September 19, 2014 Presented by Lynnette H. Ciavarella

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  1. FY2015 & FY2016–2019 Capital Program Overview Metra Board of Directors September 19, 2014 Presented by Lynnette H. Ciavarella Senior Division Director, Strategic Capital Planning

  2. 2015 – 2019: Capital Program Funding Funding Sources 2

  3. 2015 Proposed Major Capital Projects Locomotive and Car Rehabilitation $ 66.0 M North Line Bridge Replacement 15.3 M Positive Train Control 55.0 M Financial Systems Replacement 12.8 M Total $ 149.1 M 3

  4. Proposed Capital Program Summary by Asset Category* Includes $45 M in RTA State of Good Repair Bond Funding 4

  5. Proposed 2015 Capital Program - Rolling Stock* *Includes $45 M in RTA State of Good Repair Bond Funding 5

  6. Proposed 2015 Capital Program - Track & Structure* *Includes $45 M in RTA State of Good Repair Bond Funding 6

  7. Proposed 2015 Capital Program - Track & Structure* (cont.) *Includes $45 M in RTA State of Good Repair Bond Funding 7

  8. Proposed 2015 Capital Program – Signal, Electrical, Communications* *Includes $45 M in RTA State of Good Repair Bond Funding 8

  9. Proposed 2015 Capital Program - Facilities & Equipment* *Includes $45 M in RTA State of Good Repair Bond Funding 9

  10. Proposed 2015 Capital Program – Stations & Parking* *Includes $45 M in RTA State of Good Repair Bond Funding 10

  11. Proposed 2015 Capital Program - Support Activities* *Includes $45 M in RTA State of Good Repair Bond Funding 11

  12. State of Illinois Bond Program Metra Proposed State of Illinois Bond Program* – (in $Millions) * Use of Bond funds is subject to the release of funds and prioritization of projects by the State of Illinois in order to meet cash flow requirements ** For 2013 received $103.8 million; a funding request has not been submitted for Wi-Fi. 12

  13. Metra State of Illinois Capital Bond Program Jump Start Program Request State Phase II UP Bridge $37.5M Deering Bridge 18.0M UP-West Line 44.5M PTC 60.0M Locomotives 120.7M Auburn Park Station 10.0M * Total $290.7M *2010 Capital Program contains $10 million from the Jobs Now Illinois State Bond Program; $20 million total Jobs Now Program Request State PTC $42.0M Yards 7.8M Stations/Parking 30.9M Total $80.7M Applied for $72.5 million in Jump Start Funds in June 2014 for Deering Bridge ($18M), UP-West Line ($44.5M), and Auburn Park ($10M) $218.2 million remains to be funded from Jump Start and $80.7 million from Jobs Now; $298.9 remains unfunded. 13

  14. State of Good Repair – Capital Budget • Metra’s capital investment needs over the ten year* capital program period includes: • Backlog $ 6.6 billion • Normal replacement & rehabs 3.0 billion • Capital maintenance 0.3 billion • Total $ 9.9 Billion • Metra’s capital funding sources through 2022 are currently projected at approximately $2.4 Billion • Source: RTA’s Capital Asset Condition Assessment Report – November 2013 • * 10-year period: 2013-2022 14

  15. Potential Funding Sources Federal Long-Term Federal Transportation Legislation Federal Discretionary Grant Programs State Realization of a Funded & Sustained State Bond Program Additional State Bond Funding beyond 2014 State Capital Improvement Programs Local RTA State of Good Repair Bonds RTA Capital Funding Metra Financing 15

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