United States Department of Transportation
ROSA P serves as an archival repository of USDOT-published products including scientific findings, journal articles, guidelines, recommendations, or other information authored or co-authored by USDOT or funded partners.
As a repository, ROSA P retains documents in their original published format to ensure public access to scientific information.
[PDF-505.58 KB]
Details:
-
Corporate Contributors:
-
Subject/TRT Terms:
-
Resource Type:
-
Geographical Coverage:
-
Corporate Publisher:
-
Abstract:In summary, we found that the Authority has sufficient funding to meet the expected cost of the project without seeking additional New Starts funds or adversely affecting other parts of the transportation system in Puerto Rico. To finance the project, the Authority plans to use a combination of federal New Starts funds (18 percent), other federal transportation funds (25 percent), and local funds (57 percent). The finance plan identifies numerous local funding sources, including the proceeds of taxes and other receivables that have been committed to the Authority by law and do not require further legislative action. In addition, we found that the Authority?s finance plan contains reasonable cost and financing assumptions. We did, however, find that a number of issues could affect the project?s schedule and cost. For example, some of the project?s contractors have had problems meeting construction milestones because of the lack of skilled labor. Nevertheless, in light of the Authority?s significant dedicated revenues and bonding capacity, the Authority should be able to pay for future cost increases if they occur.
-
Format:
-
Collection(s):
-
Main Document Checksum:
-
Download URL:
-
File Type:
