California Transportation Commission Glendale, California July 25-26, 2007 Business Plan 2008 Capitol Corridor Joint Powers Authority (CCJPA)

How did we end last year? EIGHT FY 20061,273,632$16.1 Eight 46% 175%158%53%

Our Projections for the end of this year NINE FY 20071,450,000$19.5 Nine 49% 213%212%63% %

How are these plans accomplished? Continue our focus on customer service Sell available capacity on existing trains Maximize use of CTC’s capital allocations Control costs; fixed-price agreement Prioritize capital investments with UPRR that improve capacity and reliability

Business Plan 2008 Service:32 weekday & 22 weekend trains (same as current service frequency) Ridership:1,527,700 passengers (+ 5.4% growth above 2007 actual) Farebox Ratio:47% (-4.1% decrease from 2007 actual; higher operating/fuel costs) State Allocation:$23,701,000 (+ 6.6%, the first increase in 6 years)

Why is Capitol Corridor fare recovery ratio different from State reports? CCJPA negotiated an annual Fixed-Price agreement with Amtrak, starting seven years ago CCJPA reports farebox recovery based on the actual amount of State dollars paid to Amtrak Caltrans has a cost-reimbursable agreement with Amtrak Caltrans reports costs of all 3 State-supported services on an ‘as- allocated by Amtrak’ cost-reimbursable basis for accounting consistency. For the CCJPA, these Amtrak allocations are NOT actual costs paid to Amtrak CCJPA farebox recovery is a real ratio of actual state dollars paid for services provided

Capitol Corridor cost recovery from fares Caltrans reported FY % FY % FY % FY % FY % FY % FY 2007* 40.7% Actual paid by CCJPA FY % FY % FY % FY % FY % FY % FY 2007* 44.7% This comparison is not a criticism of Caltrans reporting, but it is intended to inform the CTC of the variance, and why the difference between the two reported statistics. * Estimated thru 3/2007

Bottom Line: Ingredients/components for success: Capital funding is essential Rolling stock: –All State-owned rail cars/locomotives are now assigned to service –More locomotives, coaches needed to meet demand –Current FY08 State Budget includes $186M (in Proposition 1B funds) for purchase of more passenger rail cars/locomotives Track and facility improvements: –Sustain/improve reliability/on-time performance – Use 2006 STIP Augmentation ITIP funds to: Add crossovers, multiple tracks, siding tracks for passing trains Benefit both passenger and freight services, especially to/from port facilities

The voter-approved bonds in 1990 ‘The goods are being delivered as promised’ Service is available NOW –Alternative travel option in the time of high gas prices –Traffic congestion relief; a travel choice is available –Accommodates escalating population growth The Intercity Rail Program is working here, and people in California are riding trains Future success is dependent upon: Continuous stream of capital funding

How do we measure up? Capitol Corridor is now 3 rd busiest Amtrak route in the nation 20% of all Amtrak’s riders are now in California The State’s 3 Intercity Passenger Rail Routes remove 500,000,000 VMTs from the State’s highway system –Reduce greenhouse gasses –Reduce highway capacity/reduces road maintenance costs –Provide joint program with freight rail to facilitate goods movement Proven partnership involving the CCJPA member agencies, Caltrans, Union Pacific, & Amtrak

Thank you For the chance to tell our story of success For being supportive of our capital funding program For allocating the capital funds we needed to accomplish these results We look forward to the flow of capital funding, once again, to let us build projects already designed and just waiting for construction money. Questions?