7c Supp
Item No. 7c_Supp Meeting 4/14/09 American Recovery and Reinvestment Act (ARRA) Port of Seattle Investment Opportunities Kurt Beckett, Director External Affairs ARRA Overview -- $787 billion 2 ARRA Overview Category Amount ($ Billions) *Tax Relief $288 *State and Local Fiscal Relief $144 Infrastructure and science $111 Protecting the Vulnerable $81 Health Care $59 Education and Training $53 Energy $43 Other $8 3 STIMULUS BILL PROVISIONS FOR PORTS PROGRAM FINAL AGREEMENT State Highway Program $27.5 billion Discretionary Transportation Grants $1.5 billion Port Security Grants $150 million Corps of Engineers $4.6 billion Electrification Grants $400 million Diesel Emissions Reduction $300 million NOAA $830 million Alternative Minimum Tax Waiver on Bonds AMT Waived for Calendar Years 2009 and 2010 Build America Bonds Included mkmz'xmm'" %eaD%Lt . Am... .. m: p... m... mm... a... m... m. um 5.... _ rosperlty AAPA/Dave Sanford March 9, 2009 - LPC 4 ARRA Transportation Stimulus Funds FHWA Funds Federal Total $28 B Washington State $492 M State Discretion $340 M Local Agencies $152 M PSRC Distribution $78 M King County Awards $40 M Federal Transit Administration Funds Federal Total $8 B Washington State $179 M PSRC Distribution $136 M Other Transportation Funds Discretionary Grants $1.5 B FRA High Speed/Intercity Passenger Rail $8 B Amtrak $1 B Ferry Systems $60 M FTA New Starts $724 M Summary of Washington State FHWA Stimulus Projects Total Washington State (185 projects) $492 M WSDOT (37 projects) $340 M Local Agencies (148 projects) $152 M PSRC Agencies (28 projects) $78 M Freight Projects with Port BenefitFreight Projects with Port Benefit South Spokane Street Viaduct $15 M Lincoln Avenue Grade Separation $15 M I-90 Snoqualmie Pass $15 M Puyallup: Shaw Road $2 M Kent: East Valley Highway $2 M 6 FRA High Speed/Intercity Rail Funds WSDOT Submittal Total Projects submitted to USDOT (11 projects) $692 M Important Rail Projects to Port of Seattle Port of Vancouver (yard bypass and W. 39th St. bridge) $45 M Point Defiance Bypass $60 M Kelso to Martin's Bluff $222M King Street Station Track and Signal Upgrades $120M 7 Discretionary Transportation Grant Program $1.5 Billion New program managed by USDOT, which will establish guidelines who must ensure equitable geographic distribution (including urban/rural) Projects may include highway, bridge, transit, rail, and port Projects must demonstrate national, regional or metropolitan significance Projects must be between $20-$300 M, with no more than 20% allotted to one state Includes up to $200 million for TIFIA (USDOT loan Program) Schedule Criteria will be published 5/18/09 Submissions have to be made by 8/16/09 USDOT select projects by 2/17/2010 Complete Construction by 2/17/12 8 Emission / Electrification Opportunities Environmental Protection Agency (EPA) Diesel Emission Reduction Act (DERA) - $300 million: Guidelines: Region 10 has $6.6 million, accepting applications between $500k and $3 million. Applications are due April 28th and projects completed by 9/30/2010 US Dept of Energy (DoE), Office of Energy Efficiency & Renewable Energy (EERE) National Energy Technology Laboratory (NTEL) to offer grants for "Transportation Electrification" -- $400 million: Projects selected shall be used to establish widespread demonstration, development, evaluation, and education projects to accelerate the market introduction and penetration of advanced electric drive vehicles. Guidelines: Looking for projects that are a minimum of $10 million, require a 50% match (although you can apply for a 25% match). Applications are due May 13th and projects completed by Spring 2011. 9 Seaport Environmental Programs Diesel Emission Reduction Grant Projects 10 Airport Environmental Programs DoE Clean Cities grant proposals Airline Electric Ground Support Equipment (eGSE): Sea-Tac Airport would like to see the airline carriers replace the ground support equipment (GSE) operated at Sea-Tac, and currently fueled by fossil fuels, with electric GSE. Approximately 1,000 pieces of motorized non-road GSE are owned and operated by Airlines (or subcontractor) at Sea-Tac Airport. Electricity is a viable alternative fuel for powering GSE. It is widely believed that in a full scale replacement effort, certain efficiencies would be discovered and that at most, 90% of the GSE would need replacing. Cost sharing would come from the participating airlines. Early interest has been expressed by Alaska Airlines, Horizon Airlines, United Airlines, Southwest Airlines, and Northwest Airlines. Of the 1,000+ pieces of GSE at Sea-Tac, roughly 11% are pushback tractors. Electric pushback tractors cost ~$100,000; other types of eGSE (i.e. baggage loaders) cost ~$30,000. Assuming 80% replacement efficiency, the total GSE replacement project would be approximately $27,000,000. 11 Airport Environmental Programs DoE Clean Cities grant proposals Electric Ground Support Electrical (eGSE) charging stations: Design, procure & install an airport wide electrical charging system along all Concourses and Satellites. The CO2 emission savings that could be realized from electric ground support equipment is nearly 40,000 tonnes per year. Estimated costs and groupings: C & D Concourses $4,200,000 North Satellite $2,100,000 A & B Concourses $4,000,000 South Satellite $2,300,000 Total Terminal Wide Charging System: $12,600,000 12 Airport Environmental Programs DoE Clean Cities grant proposals Purchase New Alternative/Electric Vehicles at Sea-Tac International Airport (STIA): STIA would like to assist with the incremental cost of alternative fueled vehicles for its service providers (i.e. Seattle-Tacoma International Taxi Association, Shuttle Express, the airport parking lot and shuttle industry, and the hotel shuttle providers). This project will help reduce emissions at the airport and around the region. The average incremental cost difference for the alternatively fueled vehicles being considered is around $10,000. A survey of the service providers to determine interest is underway; initial feedback indicates requests for at least 50 vehicles. 13 Other ARRA Benefits Alternative Minimum Tax (AMT) Waiver for '09/'10 (Private Activity Bonds) The AMT relief provides easier and less expensive market access. The non-AMT market has broader investor participation, is functioning much better than the AMT market and allows us to structure debt with normal amortizations and maturities. COPS Grant applying for 6 officers grant covers 3 years of salary Port must cover a 4th year of salary, equipment and any pay raises 14 Other ARRA Benefits Port Security Grants -- $150 million (Department of Homeland Security and FEMA) Guidelines due out on May 21, 2009 Seaport likely will not have stimulus grant proposal, but will review guidelines and re-evaluate. Port is working to have cost-share waived on existing federal grants (Rounds 6, 7) where project scope and budget is viable under grant funds only AAPA, with the Port of Seattle, is working with FEMA to allow use of federal security grants for ongoing maintenance and security employees (FTE's) 15
Limitations of Translatable Documents
PDF files are created with text and images are placed at an exact position on a page of a fixed size.
Web pages are fluid in nature, and the exact positioning of PDF text creates presentation problems.
PDFs that are full page graphics, or scanned pages are generally unable to be made accessible, In these cases, viewing whatever plain text could be extracted is the only alternative.