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Status of FTA New Starts <br />Report to Congress for FY'06 <br />~~~^^^^^/111 <br />Recent New Stads Submission: Sent to FTA in August 2004 <br />Cost Effectiveness <br />Ratio bolwean dtlerehip and pro7ed wsl must be leasibin <br />A lador of the wmpetillve pmcesa for Fedaml funding <br />Project Budget = §631 million (2004$) <br />Opening year (2008) ridership = 4..1 million <br />TTA and FTA working togelherto resolve regional transpodallon <br />motleling Issues <br />7TA New Starts Report/Model Issues <br />~~^^^^~/111 <br />TTA working with FTA and consultants to evaluate model <br />elements <br />Oue to deadlines, FTA will assign a'not rated'raling in the <br />Febmary report tc Congress ('not rated"pre/arable lo'nor <br />recommended") <br />FTA will evaluate other pmject elements and provitle updated <br />rating to Congress upon resoludon of model Issues <br />Impact on project schetlule undetermined ;.. <br />S(rong Congressional suppod-$ZO million In the federal FY'0§ <br />budget; fedeal appropriations to date - approximately $e§ million <br />TTA <br />~/^^^^//111 <br />Questions? <br />J <br />4 <br />