|
|
Type:
|
Informational Report
|
Status:
|
Filed
|
|
On agenda:
|
12/2/2021
|
Final action:
|
12/2/2021
|
|
Title:
|
RECEIVE AND FILE the:
A. West Santa Ana Branch (WSAB) Funding Plan; and
B. WSAB P3 Assessment Update.
|
|
Indexes:
|
Alignment, Artesia, Budgeting, Cap-and-Trade, Capital Project, Construction, Contractors, Debt, Design build, Downtown Los Angeles, Environmental Impact Report, Environmental impact statements, Federal Transit Administration, Funding plan, Gateway Cities (Southeast LA County) Service Sector, Gateway Cities subregion, Government funding, Grant Aid, Informational Report, Labor, Light rail transit, Long range planning, Long Range Transportation Plan, Los Angeles Union Station, Measure M, Measure R, Metro Rail A Line, Metro Rail C Line, Metro Rail D Line, Metro Vision 2028 Plan, New Starts Program, Payment, Pre-Development Agreement, Procurement, Project, Project delivery, Public private partnerships, Record Of Decision, Travel time, Twenty-eight by '28 Initiative, Union Pacific Railroad, Value capture, West Santa Ana Branch Transit Corridor, West Santa Ana Branch Transit Corridor (WSAB) Project, Westside Subway Extension/Purple Line Extension Phase 1, Westside Subway Extension/Purple Line Extension Phase 2, Westside Subway Extension/Purple Line Extension Phase 3
|
Meeting_Body REVISED REGULAR BOARD MEETING DECEMBER 2, 2021 Subject SUBJECT: WEST SANTA ANA BRANCH FUNDING PLAN AND P3 ASSESSMENT UPDATE Action ACTION: RECEIVE AND FILE Heading RECOMMENDATION Title RECEIVE AND FILE the: A. West Santa Ana Branch (WSAB) Funding Plan; and B. WSAB P3 Assessment Update. Issue ISSUE Metro released a draft environmental report (Draft EIS/EIR) for the West Santa Ana Branch Transit Corridor (WSAB) project in July 2021. The Draft EIS/EIR project cost estimates for the alternatives, based on 15% level of design, are higher than the prior estimate in the Measure M Ordinance and Long-Range Transportation Plan. The entire project's cost from the southern terminus to downtown Los Angeles increased from $4.0 billion to $8.567 billion. Because of the increase in cost, there is a significant funding gap. Metro staff is following the steps outlined in the Unified Cost Management Policy to address the increase and develop a proposed funding plan and schedule. The alternatives for addressing the cost increase include seeking additional federal funding, seeking additional state funding, and scope reductions (segmenting or phasing the project). Additional local funding was also reviewed. Background BACKGROUND The WSAB project is a 19-mile corridor that Metro is evaluating for a new light rail transit line that would connect southeast LA County to downtown Los Angeles. The Measure M Ordinance identified the cost of a "FY28" segment from Artesia to the C Line (Green) at $1 billion and a "FY41" segment to downtown Los Angeles at approximately $3 billion (in 2015 dollars). Metro staff identified funding for the FY28 segment, including allocated Measure R and M sales tax and a $300 million State cap-and-trade grant, which has been awarded to Metro. The Draft EIS/EIR includes cost estimates for the segment to the C Line ranging as high as $2.346 billion (Alternative 4, in 2020 dollars, based on 15% level of design) and from Artesia/Pion... Click here for full text
|