Costs to State and Local Taxpayers for SunRail and High Speed Rail 30 Year Horizon SunRail

Cost: $2.66 billion Project: 61.5 miles of existing freight rail to be shared by commuter passengers and heavy freight in Volusia, Seminole, Orange and Osceola Counties 17 stations State taxpayer obligation over 7 years: Minimum: $901 million Local taxpayer obligation over 30 years (Volusia, Seminole, Orange and Osceola Counties): Minimum: $526 million Federal funding $684 million* *Potential funding, not guaranteed any shortfall will be split 50/50 by state and local taxpayers Farebox: (determined by ridership and concessions) $510 million estimated (ANY shortfall will be paid by state taxpayers in the first 7 years and by local taxpayers in years 8-30) Construction Cost Overruns: Split 50-50 by state and local taxpayers Job creation: 8,000 direct jobs for construction of stations and upgrades to existing track. Private investment: ZERO Farebox: all risk of ridership, operations and maintenance are assumed by the private operator that is chosen through a Request for Proposal (RFP) Local taxpayer obligation over 30 years: ZERO Federal funding (during construction phase): TOTAL: $2.39 billion guaranteed

High Speed Rail

Cost: $2.65 billion Project: 84 miles of new dedicated track exclusively for passengers on stateowned right-of-way of I-4 between Tampa and Orlando 5 stations State taxpayer obligation over 30 years: Minimum: ZERO Maximum: $280 million

Construction Cost Overruns: Assumed by the private operator that is chosen through a competitive RFP Job creation: 23,000 direct jobs during the 3-4 year construction period Private investment: Potentially a $400 million cash investment

January 21, 2011