Conclusion

The $794.06 million available for FY 1997 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 1996. Specifically, we intend to provide funding to projects with existing commitments as follows:

In addition, we intend to fund the following four projects which are expected to have Federal funding commitments in place during calendar year 1996, as follows (future funds are estimated until negotiations are complete):