Conclusion

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:

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):