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




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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

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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

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AAPA/Dave Sanford  March 9, 2009 - LPC

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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


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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



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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
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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.
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Seaport Environmental Programs
Diesel Emission Reduction Grant Projects



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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.
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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
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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.
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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

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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)
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