TEXAS RURAL TRANSIT ASSET REPLACEMENT PROGRAM Texas Transportation - PowerPoint PPT Presentation

TEXAS RURAL TRANSIT ASSET REPLACEMENT PROGRAM Texas Transportation Commission February 25, 2016

Today’s action Agenda items 9a and 9b Create opportunity to advance twelve Replace 325 transit vehicles passenger facilities; four to completion Texas Rural Transit Asset Replacement Project – TIGER VII AWARD February 25, 2016 2

Item 9a: Release $6 million for eight other facilities July 2015 action  Commission awarded funds for 19 service and capital projects  Two projects included in TIGER VII application (SPI and PTS)  Continues strategy to replace assets from formula funds TIGER opportunity  Use TIGER funds to complete construction on SPI and PTS  Advance other projects through project development with formula dollars February 2016 action  Rescind July action and re-award eliminating award to PTS and reducing SPI amount  Maintains previous award amounts for other projects in July action  Releases $6 million to award to eight other facilities at a later date Texas Rural Transit Asset Replacement Project – TIGER VII AWARD February 25, 2016 3

Item 9b: Rural Transit Asset Replacement Project TIGER  $20.8 million State STP flexed to §5339  $10.1 million Surface Transportation Program flex  Matched using Transportation TIGER Development Credits (TDC) Current investment State funds  $5.2 million ---------------------------------------------------------------- STP for Total project amount = $50.3 million transit  Current Investment : $14.2 million  Today’s Action: $35 million  Remainder: $1.1 million Texas Rural Transit Asset Replacement Project – TIGER VII AWARD February 25, 2016 4

Item 9b: Rural Transit Asset Replacement Project award summary of action  31 rural transit districts receive funds to replace over 300 fleet in excess of useful life standards ($19 million)  Complete construction on four facilities ($16 million) – CARTS (Cedar Creek, TX) – South Padre Island – Central Texas Rural Transit District (Early, TX) – Public Transit Services (Weatherford, TX)  Set aside fleet replacement award ($1.1 million) to Texoma Area Paratransit Services (TAPS) - TBD Texas Rural Transit Asset Replacement Project – TIGER VII AWARD February 25, 2016 5