 |
| Project Details |
|
|
|
| Project Costs |
The 92-mile system is estimated to cost $7+ billion to construct, in current dollars. Approximately 24 percent of this cost is for the system elements - vehicles, communications, propulsion, and operation control. The cost of the monorail guideway is about $3 billion, or 43 percent of the total cost. Stations, yards and shops, right-of-way, and other civil works comprise the remainder of the project costs.
A preliminary financial plan has been prepared based upon current cost estimates and proposed funding sources. The financial plan indicates the feasibility of funding project construction and operating costs from operating revenues, with the assistance of loans and loan guarantees made available under the federal Transportation Infrastructure Financing and Innovation Act (TIFIA).
Additional engineering and environmental analysis may result in adjustments to all cost and revenue estimates.
California Maglev Project Financial Plan
(Project Revenues and Expenses over 42 Years, from 2003 to 2045) Inflated at 3% per year |
| Source of Funds |
|
TOTAL |
| Capital Funds |
|
|
| Public Partners |
Public Rights of Way
TIFIA Loans/Loan Guarantees |
$4 B |
| Bonding & Commercial Loans |
|
|
|
Tax-exempt Revenue Bonds
Interest on Cash Balances
Total Capital Funding |
$5.8 B
$2.4 B
$12.2 B
|
| Operating Revenues |
Passenger Fares
Parking Fees
Freight
Other Fees and Income
Total Revenues |
$56.1 B
$1.4 B
$600 M
$4.6 B
$62.7 B |
| TOTAL INCOME |
|
$74.9 B |
| APPLICATION OF FUNDS |
| Capital Costs |
Construction (Inflated Dollars)
Vehicles - Post 2015
Interest During Construction/Working Capital
Debt Service Reserve Fund
Underwriters Discount, Insurance
Total Capital Expenditures |
$8.4 B
$300 M
$2.8 B
$500 M
$200 M
$12.2 B |
| Ongoing Costs |
O & M (Net) |
$12.7 B |
| Debt Service |
Senior Debt Service (Net)
TIFIA Loan Debt Service
Total Operating Expenditures |
$14.1 B
$14.3 B
$41.1 B |
| TOTAL EXPENDITURES |
$53.3 B |
| ACCUMULATED NON-OPERATING SURPLUS (DEFICIT) |
Operating Revenue Totals
Operating Expense Totals |
$62.7 B
$41.1 B |
|
Surplus |
$21.6 B |
|
|
|
