Metro Finance 040609

METRO’s Historical Contract – March 4, 2009 – Contract Value $1.46 B

FTA – March 23, 2009

Magaziner Cost Estimates – METRO’s Finance Plan ??

What is METRO’s Finance Plan? Description Total

North Corridor Southeast Corridor (FTA) (FTA) $896,797,000

$911,211,000

Cost per mile

$170,493726

$148,405,000

Length

5.26 miles

6.14 miles

Appox Cost @ $159 mil per mile Total Contract if @ $159 mil per mile

East End (Metro 100%)

Uptown (Metro + Tir 2)

Total Corridor Facility

$159,449,000 3.31 miles

4.32 miles

$527.7 mil*

$688.82 mil* $3.0246 Billion

* Using N/SE cost per mile average ($159 million per mile) on East End, Uptown & University Alignments

Metro Historic Contract (March 4th) Total 4 Corridors $& Facilities: $1.46 Billion Magaziner’s cost estimates (April 6) Total 4 Corridors & Facilities: $3.03 Billion

+ University Alignment 11.04 miles @ $159 mil per mile = $1,755,360.00 (50% FTA Funding ??) Cost: $4.77 Billion Metro: $2.911 Billion ????(61%) FTA: $1.809 Billion ???? (39%)

Approx Total Cost of 5 Alignments $4.78 Billion

Finance Plan?

• What is the total annual debt service on $3 Billion in Metro Borrowing? • What is the annual Expense of operations and maintenance on 37 miles of Light Rapid Transit?

$ _____________Millions