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12 <br />10% contingency on vehicles <br />Additional contingency on all soft costs ( Design /Architectural /Engineering) <br />Beyond these line -item specific contingencies, there are also two general contingency line <br />items, one that is equal to 5% of construction cost and another that is equal to 5% of the <br />entire project cost. <br />For financial information about this proposed investment please see the Appendix. <br />F. Martin Luther King Boulevard Bus Lanes and Corridor Improvements <br />This investment provides for corridor improvements for buses on Martin Luther King <br />(MLK) Boulevard from Interstate 40 to UNC, using a combination of exclusive lanes and <br />other forms of preferential treatment. It will make bus travel times more reliable in peak <br />periods. Existing buses operating in the MLK corridor will be re- routed to take advantage <br />of the enhanced facilities. <br />Orange County's cost for the bus lanes is anticipated to be $22 million in $2011 dollars, <br />which is the same as $24.5 in YOE dollars — according to staff at Chapel Hill Transit. This <br />project assumes 25% of the funding will come from the State and 50% of the funding will <br />come from the Federal Government. Since the bus lanes will be used by existing services, <br />they do not generate any additional operational costs within the plan. <br />For financial information about this proposed investment please see the Appendix. <br />IV. MAPS: The series of maps listed below articulate proposed investments in both bus and <br />rail throughout Orange County. <br />a. Chapel Hill Transit Weekday Service Improvements <br />b. Chapel Hill /Carrboro: Saturday Service Improvements <br />c. Chapel Hill /Carrboro: Sunday Service Improvements <br />d. Improved Bus Service in US 15/ 501 and NC 54 Corridors <br />e. Orange County Transit Plan: Proposed Regional Bus Service Improvements <br />f. Proposed Hillsborough and Rural Bus Service Improvements <br />g. Durham - Orange Light Rail Transit Project <br />h. Improved Bus service on MLK <br />i. Regional Integration of Orange, Durham, and Wake Transit Plans <br />5/23/2012 - Page 1 12 <br />