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Presented to: MTA Capital Construction, Planning and Real Estate Committee May 20, 2009
Results of ComprehensiveProject Reviews
Second Avenue Subway&East Side Access
Presented to: MTA Capital Construction, Planning and Real Estate Committee July 22, 2009
March 2008 30-Day Review
Short time frame to meet legislativerequirements for submission of 2008-13 Plan inanticipation of Congestion Pricing
Input to proposed 2008-13 Plan
Budgets and schedules were revised
SAS --$ 4.347 billion; June 2015
ESA --$ 7.244 billion; February 2015
As a result of accelerated review, marketuncertainties were accounted for outside theindividual project budgets
March 2008 Risk Reserve
$747 million Risk Reserve was established toaddress project and market uncertainties
Funds would be allocated to projects pendingfurther comprehensive reviews
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