Orange County NC Website
Browse       Search
22 <br />The plan assumes that the Federal Government aiso pays for 80% of bus capital costs, <br />consistent with its current practices, and continues to provide operating appropriations <br />consistent with present Federal Transit Administration operating grant formulas. Assumed <br />Federa) Government contributions to the plan total $239 million in YOE dollars from 2012 <br />through 2035. <br />G. Transit Fares <br />The plan assumes fares for all operating agencies remain unchanged from the existing fare <br />structures. <br />• Light Rail farebox recovery ratio: 20% <br />• Triangle Transit bus farebox recovery ratio: 15% <br />• Chapel Hill Transit bus farebox recovery ratio: 0% <br />H. Additional Revenue Sources <br />This draft Bus and Rail Investment Plan does not rely on additional municipal contributions, <br />public or private 3rd party contributions, or value capture forms of revenue. <br />VI. ORANGE FINANCIAL PLAN DATA <br />The following is a list of the total spending for each technology and category identified in the <br />Orange County Bus and Rail Investment Plan. <br />• Rail Capital: $418 million ($316.2 million in 2011 dollars) <br />~ Rail Operations: $58 million <br />• Bus Capital: $40 million (including MLK Bus Lanes) <br />• Bus Operations: $109 million <br />• Debt: $19 million <br />VII. IMPLEMENTATION AGREEMENT: ANNUAL REVIEW AND CHANGES TO THE PLAN <br />The Bus and Rail Investment Plan of Orange County details the specific elements of local and <br />regional bus service, and Light Rail service to be added in Orange County over a twenty-three <br />year period. Because of the long time frame for implementation of the Plan and its major <br />capital projects, over time there will be changes and revisions made to the Plan. As the <br />statutory implementation agency, Triangle Transit will work with Orange County, the DCHC <br />Metropolitan Planning Organization (MPO), and the towns of Chapel Hill, Carrboro, <br />Hillsborough, the University of North Carolina at Chapel Hill and Chapel Hill Transit, and the <br />public transit provider in Orange County, to develop and execute an Implementation <br />agreement which details the following aspects of implementation of the Plan: <br />(a) Annual review presentations of the activities and progress made in implementation <br />of the Plan by Triangle Transit to the County and the MPO; <br />5/8/2012 - Page ~ 20 <br />