Miami Intermodal Center

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Miami Intermodal Center

• Mid-Term Update (April 2002) on 2001 Financial
  Plan Update

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Agenda

• Purpose
• Events Subsequent to 9/11
• Significant Program Changes since 10/01 Briefing
• Program Implementation Proposal
• Next Steps

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Events Subsequent to 9/11

• Impact to MIA Passenger Levels
• Revised MIA Passenger Forecast
• Updated MIA Capital Improvement Plan

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Significant Program Changes Since October
Briefing
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MIA Mover(MIC/MIA Connector)

• Alternative Configuration
• Revised Cost Estimate
• FDOT Funding Contribution
• Schedule

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MIA Mover

• Estimated Cost
• September Finance Plan approximately 400 million
  
• April 2002 Alternate Configuration approximately
  312 million

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MIA Mover

• FDOT Funding Contribution
• MIC program ROW savings 30 million
• Deferral of FDOT Program TIFIA loan repayment by
  two years 20 million
• Other State Funds 30 million

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MIC Right-of-Way Program Status
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Roadways Status

• Design
• Previous Letting Schedule
• Proposed Letting Schedule

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Rental Car Market Status

• Impact on rental car market since 9/11
• Rental Car Companies Response/ Recovery
• Status of negotiations with rental car companies

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Rental Car Facility Status

• Current Status
• Design
• CM at Risk
• Architect
• Construction
• Revised Cost Estimate

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Rental Car Facility Project Cost Estimate Trends
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MIC Core Status

• Site Plan
• Schematic Design
• Linkage to Peoplemover
• Linkage to Joint Development
• Work on developing link to Metrorail

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Finance Plan Update

• As of April 2002

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MIC Uses of Funds
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MIC Uses of Funds (by work phase)
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MIC Sources of Funds
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Program Implementation Proposal Next Steps
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Rental Car Facility TIFIA Loan

• Concession Agreement Negotiations
• Finalize RCF Finance Plan
• Close TIFIA Loan
• Proceed With AOR Procurement
• Proceed With RCF Construction Letting(s)

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FDOT/SCETS TIFIA Loan

• Defer First Two Years Debt Service
• Execute Draws
• Complete ROW Acquisition
• Proceed With Roadway Construction Lettings
• Proceed With MIC Core-Related Design/Joint
  Development Procurement