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14 <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 /> ":b/:3�/�G���-Page � 12 <br />