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44 <br /> VI. DURHAM FINANCIAL PLAN DATA <br /> The following is a list of the total spending for each technology and category identified in <br /> the Durham County Bus and Rail Investment Plan. <br /> • Rail Capital: $1,669 million ($1350 million in 2011 dollars) <br /> • Rail Operations: $283 million <br /> • Bus Capital: $47 million <br /> • Bus Operations: $151 million <br /> • Debt: $136 million <br /> VII. IMPLEMENTATION AGREEMENT: ANNUAL REVIEW AND CHANGES TO THE PLAN <br /> The Durham County Bus and Rail Investment Plan details the specific elements of local <br /> and regional bus service, LRT and commuter rail service to be added in Durham County <br /> over a twenty-three year period. Because of the long time frame for implementation of <br /> the Plan and its major capital projects, over time there will need to be changes and <br /> revisions made to the Plan. As the statutory implementation agency, Triangle Transit will <br /> work with Durham County, the DCHC Metropolitan Planning Organization (MPO), and the <br /> City of Durham, the public transit provider in Durham County to develop and execute an <br /> Implementation Agreement which details the following aspects of implementation of the <br /> Plan: <br /> (a) Annual review presentations of the activities and progress made in <br /> implementation of the Plan by Triangle Transit to the County and the MPO; <br /> (b) The process for review and vote by the County, the MPO and Triangle Transit's <br /> Board of Trustees on any significant or substantial revisions to the Plan required by <br /> changes experienced in revenues received, capital costs, operating expenses, or <br /> other substantial issues affecting the Plan; <br /> (c) Responsibility of Triangle Transit for direct disbursement of funds from the <br /> revenues received per Section V (above) to the public agency responsible for <br /> implementing the bus services set forth in the Plan; and <br /> (d) Other necessary provisions regarding implementation of this Plan as agreed to by <br /> the County, the MPO, and Triangle Transit. <br /> VIII. CLOSING SUMMARY <br /> The Durham County Bus and Rail Investment Plan is the result of years of collaborative <br /> work by local elected leaders, regional stakeholders, municipal and county staff and <br /> Triangle Transit. The plan consists of a balance of bus improvements and rail investment <br /> to help accommodate the intense population growth that the region is expected to <br /> experience in the next 25 years. <br /> The proposed plan addresses the ongoing need to provide greater choice to transit riders <br /> with improved and expanded bus and rail connections. Once implemented, the residents <br /> of Durham County will be able to have greater access to jobs, shopping, and activity <br /> Page 115 <br />