Transcript in $Millions

FY2015 & FY2016–2019
Capital Program Overview
Metra Board of Directors
September 19, 2014
Presented by Lynnette H. Ciavarella
Senior Division Director, Strategic Capital Planning
2015 – 2019: Capital Program Funding
Funding Sources
Federal Base Program
2015
State of Good Repair (5337)/ Formula (5307)
Sub–Total Federal Base Program
2016-2019
$156.6
$156.6
$655.0
$655.0
Total
(in millions)
$811.6
$811.6
Supplemental
Federal CMAQ
4.0
12.8
16.8
RTA Bond
45.0
0.0
45.0
Metra Farebox Capital
10.0
40.0
50.0
$59.0
$52.8
$111.8
$215.6
$707.8
$923.4
Sub–Total Supplemental Program
Core Capital Total
2
2015 Proposed Major Capital Projects
Locomotive and Car Rehabilitation
North Line Bridge Replacement
15.3 M
Positive Train Control
55.0 M
Financial Systems Replacement
12.8 M
Total
3
$ 66.0 M
$ 149.1 M
Proposed Capital Program Summary by Asset Category*
2015
2016-2019
Rolling Stock
$80.1
$311.8
$376.4
Track & Structure
34.6
139.7
178.2
Signal, Electrical & Communication
62.9
102.6
172.2
Facilities & Equipment
20.3
55.4
79.7
9.4
29.1
41.5
8.3
$215.6
69.2
$707.8
82.4
$923.4
Stations & Parking
Support Activities
Total
Includes $45 M in RTA State of Good Repair Bond Funding
4
Total
Asset Categories
(in $Millions)
Proposed 2015 Capital Program - Rolling Stock*
PE
Project Name
Rail Line
4507
LOCOMOTIVE REHABILITATION
MET
23.0
4910
CAR REHAB (AMERAIL CARS P6)
MET
14.0
4901
TRACTION MOTORS
MET
1.6
4806
LOCOMOTIVE MID LIFE REHAB
MET
15.0
4908
MU CAR IMPROVEMENTS
MET
0.5
4905
CAR REHAB (NIPPON SHARYO P-1)
MET
7.0
4704
CAR REHAB AMERAIL P5
MET
7.0
4711
HOTEL POWER MODIFICATION
MET
5.0
4902
LOCOMOTIVE & CAR IMPROVEMENTS
MET
1.5
4903
WHEEL REPLACEMENT
MET
4.0
4907
HVAC REFRIGERANT CONVERSION
MET
1.5
Rolling Stock Total
*Includes $45 M in RTA State of Good Repair Bond Funding
5
Amount
(in $Millions)
$80.1
Proposed 2015 Capital Program - Track & Structure*
PE
Project Name
Amount (in $Millions)
2112
NORTH LINE BRIDGES
UPR
15.3
4915
TIES AND BALLAST
BNS
1.0
4917
TIES AND BALLAST
MWD
1.0
4918
TIES AND BALLAST
RID
1.0
4919
TIES AND BALLAST
UPR
1.0
4912
TIES AND BALLAST
MED
2.0
4921
RAIL GRINDING
MET
.3
4922
RAIL GRINDING
UPR
.2
4923
CROSSINGS (ROAD & TRACK)
MET
2.0
4924
CROSSINGS (ROAD & TRACK)
MWD
.7
4925
UNDERCUTTING & SURFACING
MET
.6
4926
UNDERCUTTING & SURFACING
MWD
.2
Track & Structure Subtotal
*Includes $45 M in RTA State of Good Repair Bond Funding
6
Rail Line
$25.3
Proposed 2015 Capital Program - Track & Structure* (cont.)
PE
Project Name
Rail Line
4927
RAIL
BNS
1.9
4933
RAIL
UPR
4.0
4928
RAIL REPLACEMENT
MET
1.0
4920
RAIL
NCS
.7
4932
ROW FENCING
MET
.1
4938
BRIDGE & RETAINING WALL S
BNS
.5
4948
ROW FENCING
UPR
.1
4740
MIDLOTHIAN EMBANKMENT
RID
1.0
(subtotal)
9.3
Track & Structure Total
$34.6
*Includes $45 M in RTA State of Good Repair Bond Funding
7
Amount (in $Millions)
Proposed 2015 Capital Program – Signal, Electrical, Communications*
PE
Project Name
Amount
(in $Millions)
4343
4744
4850
4956
3337
4842
POSITIVE TRAIN CONTROL
PROTECTIVE RELAY REPLACEMENT
RECTIFIER REPLACEMENT
SIGNAL SYSTEM UPGRADES
LAKE STREET INTERLOCKER
16TH STREET SIGNAL
MET
MED
MED
MET
UPR
RID
55.0
0.4
0.5
0.5
1.0
3.0
4742
STRAY CURRENT PROTECTION
MED
0.5
4562
TELEPHONE SYSTEM REPLACEMENT
MET
2.0
Signal, Electrical, Communications Total
*Includes $45 M in RTA State of Good Repair Bond Funding
8
Rail Line
$62.9
Proposed 2015 Capital Program - Facilities & Equipment*
Amount
PE
Project Name
Rail Line
4965
RIGHT OF WAY EQUIPMENT
MET
1.0
4968
EQUIPMENT AND VEHICLES
MET
2.0
4866
OFFICE EQUIPMENT
MET
0.4
4953
YARD IMPROVEMENTS
BNS
0.3
4969
CREW FACILITY
UPR
0.1
4743
547 BLDG IMPROVEMENTS
MET
0.7
4959
IT COMPONENTS & SERVICES
MET
3.0
4852
FINANCIAL SYSTEM REPLACEMENT
MET
12.8
Facilities & Equipment Total
*Includes $45 M in RTA State of Good Repair Bond Funding
9
(in $Millions)
$20.3
Proposed 2015 Capital Program – Stations & Parking*
PE
Project Name
Rail Line
4980
STATION FACILITY IMPROVEMENTS
MET
$1.5
4967
ADA IMPROVEMENTS
MET
1.0
4784
VAN BUREN STATION
MED
0.5
4982
CARY STATION AND SHELTERS
UPR
2.0
4781
115th PARKING & IMRPROVEMENTS
RID
0.9
4995
PROTECTIVE LAND ACQUISITION
MET
3.5
Stations & Parking Total
*Includes $45 M in RTA State of Good Repair Bond Funding
10
Amount
(in $Millions)
$9.4
Proposed 2015 Capital Program - Support Activities*
PE
Project Name
Rail Line
4796
LOCALLY FUNDED PROJECTS/MATCH
MET
0.8
4990
WINTERIZATION UPGRADES
MET
1.0
4998
PROJECT ADMINISTRATION
MET
.7
4999
CONTINGENCIES
MET
1.8
4994
INFRASTRUCTURE ENGINEERING
MET
3.0
4996
UNANTICIPATED CAPITAL
MET
1.0
Support Activities Total
*Includes $45 M in RTA State of Good Repair Bond Funding
11
Amount
(in $Millions)
$8.3
State of Illinois Bond Program
Metra Proposed State of Illinois Bond Program* – (in $Millions)
Capital Assets
2010
2011
$118.8
$466.3
-
-
-
-
Renew Bridges
-
-
-
UP West Line
-
-
Positive Train Control
-
Yard Improvements
Highliner
Replacement, MED
Tier III Locomotives
2012
-
2013
-
2014
-
Outstanding
Total
-
$585.1
-
120.7
120.7
12.0
18.0
37.5
67.5
-
-
44.5
-
44.5
-
-
44.0
-
102.0
146.0
-
-
-
7.2
-
7.8
15.0
Stations and Parking
38.2
-
-
40.6
10.0
30.9
119.7
Wi-Fi on Trains**
Total
$157.0
$466.3
$0
2.2
$106.0
$72.5
$298.9
2.2
$1,100.7
* Use of Bond funds is subject to the release of funds and prioritization of projects by the State
of Illinois in order to meet cash flow requirements
** For 2013 received $103.8 million; a funding request has not been submitted for Wi-Fi.
12
Metra State of Illinois Capital Bond Program
Jump Start Program Request
Jobs Now Program Request
State
Phase II UP Bridge
$37.5M
PTC
Deering Bridge
18.0M
Yards
UP-West Line
44.5M
Stations/Parking
PTC
60.0M
Locomotives
Auburn Park Station
Total
Total
State
$42.0M
7.8M
30.9M
$80.7M
120.7M
10.0M *
$290.7M
*2010 Capital Program contains $10 million from the Jobs Now Illinois State Bond Program;
$20 million total
Applied for $72.5 million in Jump Start Funds in June 2014 for Deering Bridge ($18M), UP-West Line
($44.5M), and Auburn Park ($10M)
$218.2 million remains to be funded from Jump Start and $80.7 million from Jobs Now; $298.9 remains
unfunded.
13
State of Good Repair – Capital Budget
Metra’s capital investment needs over the ten year*
capital program period includes:
Backlog
$ 6.6 billion
Normal replacement & rehabs 3.0 billion
Capital maintenance
0.3 billion
Total
$ 9.9 Billion
Metra’s capital funding sources through 2022 are
currently projected at approximately $2.4 Billion
Source: RTA’s Capital Asset Condition Assessment Report – November 2013
* 10-year period: 2013-2022
14
Potential Funding Sources
Federal
 Long-Term Federal Transportation Legislation
 Federal Discretionary Grant Programs
State
 Realization of a Funded & Sustained State Bond Program
 Additional State Bond Funding beyond 2014
 State Capital Improvement Programs
Local
 RTA State of Good Repair Bonds
 RTA Capital Funding
 Metra Financing
15