Paying for the system (continued)
The Original 1996 Sound Move Plan (continued)
Costs and Schedule
Below is a summary of the cost of putting Sound Move in place and operating regional express bus routes and rail lines. The costs associated with construction include markups to cover potential mitigation, engineering, administration, project management, insurance, and other overhead costs, as well as contingencies for unforeseen expenses. Operating and maintenance costs include overhead and administration expenses, and an operating reserve account equal to two months operating costs set aside for unexpected expenses.
The schedule for funding the system follows the general implementation schedule described in the "Putting the System in Place" section. Actual future cash flow will determine detailed scheduling priorities. The long-term cash flow analysis assumes that debt financing (bonds) will be necessary during the concentrated construction and implementation stages when capital costs alone exceed annual revenues.
Costs
All figures are in $millions
- HOV Expressway access ramps - $377
- Regional express bus - $361
- Commuter rail - $669
- Electric light rail - $1,801
- Community connections - $255
- Regional fund/reserves - $280
- Debt service - $171
TOTAL - $3,914M