Cross_cutting

43:44 Next slide. We have steps that we need to take to get the amended record of decision. Firstly, we know obtaining the decision from the Coast Guard allowing a fixed span bridge was a major step in the NEPA process. We do need to publish the final SEIS and secure those MTIP and STIP amendments. To execute the federal grant amendments, we need the ROD. We need approval from FHWA on the finance plan that includes an identified funded phase. The identified funded phase outlines what projects can be built with the funds that we have and provide also independent utility that can be used by the public. Next slide. So we'll move on to talk about moving forward with a core set of projects and initial phase. Next slide. As a brief recap, folks have seen this slide before, but this is the available funding

44:43 to the program at this time. We have the MEGA grant, which is a federal grant at the 600 million mark. We have a bridge investment program grant for $1.5 billion. There are lines on here to represent the billion that's coming to the program from each of the states, some previous state funding, and also a tolling funding placeholder that's here at $1.25 billion. We are representing here money that's not yet in hand, but we are working to advance and secure through the capital investment grant program, and then additional funds that have come through the Connecting Washington package in Washington state, and also some other federal grant monies that were applied for and awarded to the City of Vancouver and Washington State DOT. With the $14.4 billion figure in mind, we are working to identify this first phase core set of projects to move forward with the approximately $5.5 billion in committed funding and the

45:40 opportunity to secure that $1 billion. The core set of projects is the first step towards building the full five-mile program. It includes the minimum scope needed to build a bridge, connect it to I-5, and operate light rail to Vancouver. These elements are the first foundational steps towards building the full program and ensuring that we are addressing seismic resiliency and multimodal connections. The core set of projects includes replacing the Columbia River bridges, connecting the many bridges to I-5, extending light rail to the waterfront station in Vancouver, removing the existing bridge, which is a requirement of the U.S. Coast Guard bridge permit for navigation and safety reasons. We will use the $5.5 billion in committed funding to deliver these core projects, but we must identify a funded phase to include in the initial finance plan that serves the public and meets the funding requirements for federal grants.

46:36 Next slide, the core set of projects is what you see reflected on the map here. We recognize there will be many questions. We don't expect to have all the answers today. We will be offering additional time with any partner agency to meet and ask additional questions. The black on this graphic represents the replacement bridge and connections to I-5. It does include a shared use path for walkers and bicyclists, and also the necessary width to accommodate light rail. The orange line on this graphic represents improvements needed to carry and extend operating light rail, and the maroon line here represents removal of the existing bridge once the new bridge opens to traffic. Also included here is pre-completion tolling, and the expectation for tolling is a core component of the funding of the program. The cost for this set of projects is $7.65 billion.

47:36 You'll see on this map that the scope for these projects and associated construction packages has been minimized, and we've produced two separate one-pagers that summarize a risk assessment that was completed for this initial phase that provides some similar information