Table 2: Cost Estimate and Schedule, Year-of-Expenditure Dollars (Millions)

Cost Category [*] Millions of
1999 $
1999 2000 2001 2002 2003 2004 2005 2006 Total Year-of-
Expenditure
($ Millions)

1 Inflation (CPI-U)

n/a

2.34%

2.17%

2.52%

2.63%

2.67%

2.60%

2.48%

2 Labor Cost Inflation

n/a

2.53%

2.20%

1.90%

2.03%

2.07%

1.95%

2.15%

3 Const. Cost Inflation

n/a

3.55%

2.99%

3.67%

2.22%

1.85%

4.34%

4.77%

4 Real Estate Inflation

n/a

2.93%

2.13%

2.96%

1.10%

1.67%

4.27%

4.81%

2 Preliminary Engineering

$10.0

$1.0

$5.1

$4.2

$10.3

3 Construction

$305.8

$83.5

$99.6

$110.5

$67.2

$360.8

4 Right-of-Way

$7.0

$5.1

$2.5

$7.6

2 Final Engineering/Mgmnt

$39.8

$6.9

$5.6

$9.5

$9.6

$8.2

$3.9

$43.7

1 Vehicles

$20.1

$6.1

$11.6

$5.6

$23.3

NA Contingency

$45.9

$12.5

$14.9

$16.6

$10.1

$54.1

Total

$428.6

$1.0

$5.1

$11.1

$10.7

$108.0

$130.2

$146.9

$86.8

$499.8

[*] These numbers reference the inflation category used to escalate the associated cost category. Inflation assumptions are documented in regional economic forecasts. The source of these inflation assumptions is Standard and Poors DRI, The US Economy - Winter 2000.