Cross_cutting

1:31:07 couldn't start unless we could demonstrate those funds. So those updates resulted here. This really is mostly just to identify that both the additional cost of bridge removal and those efficiencies that I described have updated the cost for this body of work to be $5.68 billion, so that brought the cost down. And then the other piece is to note -- I guess we'll get to it on another slide, sorry. This project includes, then, replacements of the Columbia River Bridge, the connections. It does include transit design for the orange pieces you saw on the map earlier because we do need to get that body of work started in association with our capital investment grant program advancement. It does have tolling infrastructure, as I mentioned, in that bridge removal. We are working to build this information into an initial finance plan that will be submitted

1:32:06 to the federal government and also into the metropolitan and state transportation improvement program documents. So those list out the funded projects for the next typically four years in both states. We need to be shown in those to demonstrate financial constraint and that we are in those financially constrained plans. So those are components that the federal government is looking for in issuing the record of decisions. Those are critical pieces to advancing. And as noted here on the slide, the funded phase does provide that sort of connected, usable space for highway for the bicycle and pedestrian users and then creates that space for light rail extension in the future. So available funding. We do have the top two lines on this speak to the federal grants that the program has already identified, has already secured. We are working to obligate those funds. So we've been awarded them, but not obligated.

1:33:06 So that's a critical component. This end of September deadline, I spoke about six hundred million in that mega program, the bridge investment program. We have one point five billion in those funds. There's a billion here from both states, from Washington and Oregon. Some previous state funding. And then the thing I would highlight here is the projected toll funding amount. So this had been one point two five billion based on that analysis. This has been updated with endorsement from the Treasury offices and those folks who run these numbers, the folks who say that you can do this. So we have this projected assumption of one point five billion, which then brings up that funding amount to five point six nine, which is basically even Steven with the five point six eight costs. This demonstrates that ability to advance forward. We are still looking to advance the capital investment grant program to the tune of a billion dollars from the federal government and have some other perspective and have some

1:34:05 other funding that's been identified previously.