1. Northstar Commuter Rail Project Update Mark Fuhrmann, Project Director Rich Rovang, Deputy Project Director, Design and Construction Chris Weyer, Assistant Director of Design and Construction Metropolitan Council June 25, 2008

2. Northstar Budget Status ($X,000) CategoryBudget YOE $ Expenditures To Date Remaining Balance ROW, Land, Existing Improvements$108,898$95,362$13,536 Vehicles$62,240$16,523$45,717 Professional Services$51,451$32,132$19,319 Unallocated Contingency$15,257$0$15,257 Finance Charges$5,101$0$5,101 Total Project Cost$317,382$163,750$153,632

3. Northstar Funding Status ($X,000)

4. ContingencyBudgetedCommitted to Date Current Balance Allocated$ 11,795$ 5,442$ 6,353 Unallocated$ 15,257$ 0$ 15,257 Total$ 27,052$ 5,442$ 21,610 Northstar Contingency Status Through May 30, 2008 – All figures in year of expenditure dollars Hold Points: 20%: $21.8MM 50%: $15.2MM 75%: $6.8MM 90% $4.5MM

5. Northstar Schedule Milestones Dec 2007Full Funding Grant Agreement Jul 2008BNSF—Access to Downtown Inter-Modal Station Aug 2008BNSF—Access to Big Lake Station & VMF Aug-Oct 2008Delivery of MP-36 Remanufactured Locomotives Nov 2008Substantial Completion—Vehicle Maintenance Facility May-Jul 2009Delivery of Bombardier Coaches and Cab Cars May 2009Begin Testing Jul 2009Substantial Completion—Downtown Construction Jul 2009Substantial Completion—Suburban Stations Jan 2010Revenue Operations Date (FFGA)

6. Total Construction Progress

7. Downtown Minneapolis Key Dates October 2008Commuter Rail Trackwork (downtown) October 2008Commuter Rail Platform Constructed May 2009Vertical Circulation Building Complete July 2009Substantial Completion (ready for system testing) October 2009Project Work to be “Revenue Ready” (system testing complete)

8. Ballpark WebCam – June 23, 2008

9. South Sidewalk for LRT Next to Twins Ballpark

10. LRT Guideway for Tail Tracks

11. LRT Tail Track Awaits Installation

12. Minneapolis Commuter Rail Platform

13. BNSF Essential #1: Access to the Downtown Station

14. Vertical Circulation Building Constructed by the Ballpark Authority

15. Vehicle Maintenance Facility Key Dates August 2008Track Work to be Completed Sufficient to Allow for Storage of up to Five Locomotives and 17 Rail Cars September 2008Train Wash Building Complete November 2008Substantial Completion of Vehicle Maintenance Facility (ready for system testing) June 2009Project Work to be “Revenue Ready” (system testing complete)

16. VMF East Rail Yard

17. Thermite Rail Weld

18. Service and Inspection Bay Track

19. Anchor Bolts for Wash Bay Track

20. Suburban Commuter Rail Stations Key Dates July 2008Big Lake Station Constructed September 2008Anoka Station Constructed October 2008Coon Rapids Station Constructed November 2008Elk River Station Constructed July 2009Substantial Completion (ready for system testing) October 2009Project Work to be “Revenue Ready” (system testing complete)

21. Big Lake Platform and Station Track

22. Coon Rapids Platform and Elevator Stair Tower

23. Rolling Stock

24. Vehicle Procurement Progress by Type

25. Locomotive Contract – Key Dates Apr 2007Notice To Proceed Jul 2007Kick-off Meeting with MPI Dec 2007Met Council Approval of Fifth MPI Locomotive Aug – Oct 2008Shipment of 5 MPI Locomotives May – Oct 2009Locomotive Operations Testing

26. Locomotive 501

28. 502 Frame Final

29. Coach/Cab Car Contract Key Dates Sep 2007Proposals Received Jan 2008Contract Approved by Metropolitan Council May – July 2009Shipment of 17 Coach/Cab Cars May – Oct 2009Coach/Cab Car Operations Testing

30. Northstar Cab Car

31. Northstar is on track!

32. MP36 AT A GLANCE