Cotton Belt Rail Corridor Innovative Finance Initiative

Transcription

1 Cotton Belt Rail Corridor Innovative Finance Initiative Request for Proposals Pre-Proposal Conference #2 June 18, a.m.

2 Agenda Welcome and Introductions Michael Morris, P.E. Project Purpose Michael Morris, P.E. Project Description and Scope of Work Tom Shelton Proposal Requirements Dan Kessler The T Project Update Bob Baniewicz DART Project Update John Hoppie Questions and Answers

3 Attendees and Function NCTCOG Michael Morris, P.E. Director of Transportation Dan Kessler Assistant Director of Transportation Tom Shelton Senior Program Manager Kevin Feldt NCTCOG Program Manager (Innovative Finance Initiative) Marian Pardue Grants and Contracts Manager

4 Attendees and Function Dallas Area Rapid Transit (DART) Steve McCullough Cotton Belt Coordinator John Hoppie DART Project Manager (D/FW Airport to Red Line) David Leininger Chief Financial Officer John Adler Director of Procurement & Contracts Fort Worth Transportation Authority (The T) Nancy Amos Senior Vice President Bob Baniewicz The T Project Manager (SW2NE Project)

5 Project Goal To develop an innovative financial plan that will include identification of candidate funding sources necessary to construct, operate, and maintain passenger rail service for the 62-mile Cotton Belt Corridor.

6 Project Description

7 Regional Financial Approach The Regional Transportation Council (RTC) retains Innovative Finance Initiative (IFI) for entire corridor DART and The T have initiated request by respective Board resolutions NCTCOG staff will collaborate in environmental process DART and The T will provide their respective financial models

8 Transit Agency Role The T and DART initiate and lead environmental process DART continues with investigation and national procurement of vehicle The T and DART collaborate on engineering The T and DART prepare for construction

9 Project Status NCTCOG recently completed the Conceptual Engineering and Funding Study The T recently completed DEIS and preparing for FTA New Starts submittal for Western Half DART recently initiated Preliminary Engineering and DEIS for Eastern Half

10 Cotton Belt Innovative Finance Initiative Scope of Services Task 1 Data Collection and Identification of Initial Possible Revenue Sources 1.1 Review past studies and analyses 1.2 Identification of full range of innovative financing strategies 1.3 Strategic finance comparison to Operating & Maintenance Saving Identification 1.4 Strategic finance comparison to Capital Cost Saving Identification 1.5 Synergy Elements that might provide reduced costs while increasing revenues

11 Cotton Belt Innovative Finance Initiative Scope of Services Task 2 Evaluation and Testing of Potential Revenue Sources (Refinement of Task 1.2) Evaluate viability of each potential revenue source Determine the expected value of each source Identify and assess risk of each source Determine legal foundation of each source Determine legislative foundation of each source Review of Financial Model

12 Cotton Belt Innovative Finance Initiative Scope of Services Task 3 Comparison of Revenue Sources and Funding Uses 3.1 Develop process for comparison of potential revenue sources to each of funding uses 3.2 Evaluate each potential revenue source to each respective funding use 3.3 Evaluate need for potential phased or staged implementation strategy Sources and Uses Evaluation using Financial Model

13 Cotton Belt Innovative Finance Initiative Scope of Services Task 4 Prepare Final Report Prepare final report documenting analyses and recommendations from completion of Tasks 1, 2, and 3 Recommend strategic plan for pursuing final recommended revenue sources

14 Cotton Belt Innovative Finance Initiative Scope of Services Task 5 Stakeholder Outreach Attend, prepare, and present at monthly Policy and Technical Advisory Committee meetings Develop presentations for each monthly meeting identifying key analysis results and recommendations Prepare meeting minutes of each monthly meeting Attend potential one-on-one stakeholder meetings

15 Cotton Belt Innovative Finance Initiative Scope of Services Task 6 Project Management Develop and maintain Project Schedule with key milestones Prepare and submit monthly invoice billing reports Prepare and submit monthly progress reports with invoice Participate in regular briefings in person and by phone with NCTCOG staff as needed

16 Cotton Belt Innovative Finance Initiative Schedule Issue RFP May 28, 2010 Pre-Proposal Conference #1 June 7, 2010 Pre-Proposal Conference #2 June 18, 2010 Proposals Due July 2, 2010 by 5 p.m. CST Consultant Selection Committee July 9, 2010 Interviews July 16, 2010 Executive Board July 22, 2010 Estimated Start Date July 26, 2010 Contract Length Approximately 6-9 months

17 Cotton Belt Innovative Finance Initiative Proposal Requirements Page limit of 25 pages not including forms, resumes and references Firms grant NCTCOG an irrevocable right to use, without restriction, any and all revenue strategies NCTCOG 13% Disadvantaged Business Enterprise (DBE) goal Conflict of Interest proposer is responsible for identifying and reporting any potential conflict

18 Cotton Belt Innovative Finance Initiative Selection Criteria Project Understanding Scope of Services Project Manager/Staff Qualifications Project Cost Firm Qualifications/Consultant References Study Schedule 25 percent 25 percent 20 percent 15 percent 10 percent 5 percent

19 Questions and Answers Questions and Answers will be posted on the NCTCOG website by COB Monday, June 21, 2010 for your immediate access. No additional questions will be accepted following the Pre-Proposal Conference #2. (June 18, 2010) All updates, modifications, and information concerning the RFP will be posted on NCTCOG s website.

20 Cotton Belt Innovative Finance Initiative Questions?