Conclusion

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The $629.24 million available for FY 1998 is sufficient to honor all New Starts projects that have existing Federal funding commitments, as well as additional projects for which Federal commitments are expected during calendar year 1997. Specifically, we intend to provide funding to projects with existing commitments as follows:

  • $44.60 million (and $96.72 million in future funds) to the North Line Extension project in Atlanta, under the December 20, 1994 FFGA for this project;
  • $46.20 million (and $142.32 million in future funds) to the South Boston Piers project, under the FFGA issued for this project on November 5, 1994;
  • $21.40 million (and $95.77 million in future funds) to the Southwest Corridor project in Denver, under the May 9, 1996 FFGA;
  • $51.07 million (and $121.60 million in future funds) to the Houston Regional Bus plan, under the FFGA issued on December 30, 1994;
  • $99.00 million (and $807.27 million in future funds) to the Los Angeles MOS-3 project, including the initial segment of the East Central extension, under the FFGA as amended on December 28, 1994;
  • $26.94 million (and $21.58 million in future funds) to the MARC extension project to Frederick, Maryland, under the June 19, 1995FFGA;
  • $54.78 million (and $450.29 million in future funds) to the Hudson-Bergen light rail element of the Urban Core program of projects in northern NewJersey, under the October 15, 1996 FFGA;
  • $26.99 million to the Secaucus Transfer element of the Urban Core program of projects in New Jersey, to complete the Federal commitment under the December 6, 1994 FFGA for this project;
  • $63.39 million (and $36.39 million in future funds) to the Westside light rail extension to Hillsboro in Portland, under the November 1, 1996 amendment to the FFGA for this project;
  • $42.79 million (and $127.81 million in future funds) to the South LRT extension in Salt Lake City, under the August 2, 1995 FFGA;
  • $21.40 million (and $58.60 million in future funds) to the Tasman LRT project in the San Francisco Bay Area, under the July 2, 1996 FFGA;
  • $25.68 million (and $268.26 million in future funds) to the SanJuan Tren Urbano project, under the FFGA issued on March 13, 1996; and
  • $29.96 million (and $174.23 million in future funds) to the St.Clair extension of the St.Louis light rail system, under the FFGA issued on October 17, 1996.

In addition, we intend to fund the following projects which are expected to have Federal funding commitments in place during calendar year 1997, and which will be ready for construction in 1998, as follows (future funds are estimated until FFGA negotiations are complete):

  • $20.28 million (and $82.98 million in future funds) to the Sacramento light rail extension; and
  • $54.78 million (and $611.30 million in future funds) to the extension of the BART system to San Francisco International Airport.