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Public Transit: Length of Development Process, Cost Estimates, and Ridership Forecasts for Capital-Investment Grant Projects
David J. Wise (au)
The Federal Transit Admin. (FTA) provides funds to transit project sponsors to build new or extensions to existing fixed-guideway transit systems through the Capital Investment Grant program. This program funds New, Small, and Very Small Starts projects -- funds that are based partly on the project's total estimated cost. The pre-construction development process for these projects includes various steps between the time when a project sponsor identifies the project to be funded and the formal award of FTA construction funds. During this process, the scope, capital cost, and ridership estimates can change. This report describes (1) the length of the development process across these projects and the factors affecting the length; (2) capital cost-estimate changes throughout this process, and the factors contributing to the changes; and (3) how project sponsors forecast ridership, including support that FTA provides. Tables and figures. This is a print on demand report.
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