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Financial Plan <br />Background and Assumptions <br />The MPO created and reviewed three financial projections in the Alternatives Analysis: <br />Constrained; Moderate; and, Optimistic (formerly known as Aspirational). The Preferred <br />Option uses the Optimistic financial projection, and breaks out the Costs and Revenues by the <br />funding decades, i.e., 2025, 2035 and 2045. <br />It is important to note that the financial plan abides by the North Carolina STI (Strategic <br />Transportation Investment) legislation and policy in the first two decades, i.e., 2025 and 2035. <br />In the third decade, 2045, the financial plan assumes that statewide and national policy would <br />relax restrictions on the use of funding for transit projects, and permit the use of some <br />traditional highway funding to be used to extend the Commuter Rail Transit (CRT) and Light Rail <br />Transit (LRT) lines. <br />The text below provides notes for the financial table that follows the text. There are two <br />graphs after the financial table that depict major financial themes. <br />Cost Table <br />Roadways and Alternative Transportation <br />The roadway costs are broken out by the three North Carolina STI (Strategic <br />Transportation Investment) funding tiers to abide by the current state policy. The <br />highway costs mostly use TIP estimates, recent feasibility studies, or the 2016 NCDOT <br />highway cost workbook to calculate the individual project cost. <br />Maintenance costs are based on the STI and NCDOT statewide plan. <br />The estimated alternative transportation costs are shown for Bicycle and Pedestrian, <br />Transportation Demand Management (TDM), Intelligent Transportation Systems (ITS), <br />and Transportation System Management (TSM). These programs do not have individual <br />projects listed in the 2045 MTP and thus the program cost is a single estimate rather <br />than the sum of the listed projects. The assumed STI tier is also shown in parenthesis in <br />the program title. <br />Transit <br />The transit costs and revenues are based on the Durham County Transit Plan and <br />Orange County Transit Plan that were recently updated in 2017. The costs are broken <br />out by existing and new /expanded services because of the policy of those plans and the <br />funding restrictions of the revenue sources. <br />101 <br />