INNOVATE INDIANA

Exhibit B-4
Project Budget & Funding
Year 3 capital expenditures
($) $0.00
Year 4 capital expenditures
($) $0.00
Year 5 capital expenditures
($) $0.00
Total Capital Expenditures $31,725,000.00
Ongoing expenditures for
operations, maintenance,
etc. ($) $942,000.00
Total project budget $32,667,000.00
Description of Capital
Expenditures
Year 1: $19,600,000
Overhead wire: 13,940,000
Rail: 2,850,000
Study: 1,000,000
Birchim extension: 1,810,000
Year 2: $12,125,000
Overhead wire: 6,560,000
Rail: 2,850,000
Birchim extension: 2,715,000
ADDITIONAL SUPPORT | SECTION 19
Funding Share:
Federal DOT: 19,035,000 (60%)
State Public (Regional Cities): 4,758,750 (15%)
Local Public (NICTD): 4,608,750 (14.53%)
Local Public (TIGER Federal applied to local public to match state public): $150,000
Local Private: 0% (offset by separate projects that are fully privately funded)
Description of Ongoing
Expenditures
Ongoing track and overhead wire maintenance cost will continue to be funded by NICTD through its
existing revenue sources.
Local public funding $4,758,750.00
Private funding $0.00
Non-profit funding $0.00
Other funding $21,507,500.00
RCI funding required? Yes
RCI funding needed $5,458,750.00
RCI funding proportion of
cap ex 17%
Total private funds $0.00
Private ratio calc 0
Total public funds $10,217,500.00
Public ratio calc 32
Other $21,507,500.00
Other ratio calc 68
Total funding $31,725,000.00
Variance between budget &
funding ($942,000.00)
Private/public/other funding
ratio
0 private/30 public/70 federal (doesn't count as public for ROI)
EXECUTIVE SUMMARY THE REGION ENGAGED CURRENT TRENDS
STATE OF THE REGION
& QUALITY OF PLACE
VISION & STRATEGY PROJECTS
STAKEHOLDERS, EXECUTION
& STRUCTURAL CHANGES
BENCHMARKING
& MEASUREMENT
35_Regional_South Shore Train
REGIONALCITIESOFNORTHERNINDIANA.ORG |
310
ADDITIONAL SUPPORT