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<br /> DO LRT Project Cost / Funding Sources ORANGE COUNTY
<br /> NORTH CAROLINA
<br /> • The DO LRT project engineering, construction, and equipment cost is estimated to be $2,388,568,428 in year of expenditure dollars.
<br /> — The project cost will be funded through a combination of:
<br /> — FTA New Starts Grant: $1,194,284,2141
<br /> — State Funding Contribution: $238,856,843
<br /> — TIFIA Debt Funding: $430,000,000
<br /> — In Kind Contributions: $19,376,433
<br /> — Transit District Revenues: $506,053,938
<br /> — The total cost of the DO LRT construction, including financing cost and interest payments is estimated to be $3,302,320,4432.
<br /> • Scenario 3 v9 C implements the following cost share assumptions:
<br /> — Operating Cost Share: 80% Durham 1 20% Orange
<br /> — State of Good Repair Cost Share: 80% Durham 1 20% Orange
<br /> — Capital Cost Share: 82% Durham 1 18% Orange
<br /> — Financing Cost Share: 82% Durham 118% Orange
<br /> • Inclusive of the FY 2017 Budgeted Expenditures, a total of $62,966,003 is expected to be spent through FY 2017.
<br /> — $51,632,123 is funded through Durham County revenues and $11,333,881 is funded through Orange County revenues.
<br /> • Through FY 2018, it is estimated that $100,282,782 will be spent on the DO LRT project.
<br /> — $82,231,881 is funded through Durham County revenues and $18,050,901 is funded through Orange County revenues.
<br /> • Through FY 2020, it is estimated that $206,227,131 will be spent on the DO LRT project.
<br /> — $169,106,248 is funded through Durham County revenues and $37,120,884 is funded through Orange County revenues.
<br /> 1 Does not include estimated reimbursement for eligible financing costs of$44,880,013.
<br /> 2 Does not include capital,financing,and interest cost associated with State of Good Repair projects. Source: GoTriangle Scenario 3 v9 C
<br /> DAVENPORT&COMPANY
<br /> April 4,2017 Orange County, NC 5
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