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<br />Phase II Extension from <br />Durham to Chapel Hill <br />~~~^^^^^~111 <br />^ Next Steps <br />~ Using New Regional Transportation Model Re-Estimate Regional Rail <br />and Bus Rapid Transit Ridership <br />~ Develop Financing Plan <br />~ General Assembly Authorization of Local /Regional /State Share <br />~ MPO Adopts Preferred Alternative for the 15-501 Corridor and <br />Approves Phase II as an Element of the Fiscally Constrained Long <br />Range Transportation Plan <br />~ FTA Reviews and Approves Request to Enter PE/EIS for Phase II <br />~ Complete Draft Environmental Impact Statement (2002) <br />~ Preserve Corridor <br />~ Design and Construction (2003 - 2008) <br />9 <br />