1. Build NC Bonds
David Wasserman
July 2018

2. Build NC Bonds
Project Advancements

3. Changes Between the 2018-2027 Draft STIP & Final STIP
Build NC Bonds
Changes Between the Draft STIP & Final STIP
Accelerated Project
New Project

4. Addressing Balance – Accelerating Delivery
Build NC Bonds
Addressing Balance – Accelerating Delivery
Cash Balance
Closing
Target
Floor
Cash Management Plan of Action

5. Build NC Bonds Overview
Modeled after GARVEE
Maintains integrity of STI
Have appropriate oversight
Affordability will be determined by
the State Treasurer
Utilized in the Regional and Division categories
SL (S758)

6. Build NC Bonds Key Components
If cash balance reaches ≤$1B, NCDOT could request to sell bonds
Max $300M per year; authority up to 10 years
NC Treasurer determines if appropriate and issues the debt
All debt would be against future State revenue (motor fuels, DMV fees, highway use tax)
Paid back by the Highway Trust Fund

7. Build NC Bonds Key Components
Used on Regional Impact & Division Needs hwy projects only
Maximum Amounts ($3B overall):
Region ($1.5B) – % of state population
Division ($1.5B) – equal share ($107M over 10 yrs)
Allows NCDOT to maintain current level of investment
Used to maintain current near-term schedules, accelerate projects, and go further down Prioritization list
Projects cash-flowed up to 15 years
Interest included in payback
A - $127M
E - $310M
B - $181M
F - $168M
C - $331M
G - $131M
D - $251M
($ over 10 yrs)

8. Prioritization Office (SPOT) / STIP Western Region Manager
Contact Information
&
David Wasserman, P.E.
Prioritization Office (SPOT) / STIP Western Region Manager
(919)