April 2, 2003

$1 Billion - $1.2 Billion

The Pawlenty-Molnau Transportation
Financing Package will improve
Minnesotas transportation system by
greatly accelerating construction of
more than one billion dollars worth of
critical, but long-delayed, state
highway and bridge projects.

The package will:

Accelerate $1.0 1.2 billion in highway
construction projects by as much as
nine years.

The package will:

Issue up to $550 million in new state trunk
highway bonds.
Leverage bond funds to accelerate use of
$550 million in future federal highway
funds.
Redirect $42 million per year of current
funding from Mn/DOT to pay bond debt
service.

The package will:

Target $50 million of the $1.0 1.2 billion
for transit-related trunk highway capital
improvements within the metro-area.
Provide $5 million over five years for
capital investments that support Greater
Minnesota transit service.

The package will:

Appropriate $100 million from trunk
highway fund growth to maintain safety,
repair and preservation of the existing
highway system.
Explore options prior to the 2004 legislative
session to assist local units of
governments in financing their share.

Projected Package Benefits:

Project Advancements
825

1000

750

750

750

700

685

900

600

160

300

225

225

250

500

25

25

25

25

500

500

500

500

500

500

2004

2005

2006

2007

2008

2009

$ Millions

800

400
300
200
100

Advanced projects with $1 billion - $1.2

Normal state road construction program
Trunk highway fund growth

Benefits
Critical highway and bridge projects will be
completed up to nine years earlier than
currently scheduled.
Construction of long-delayed projects will
provide congestion relief, add system
capacity and enhance economic and
personal mobility in Greater Minnesota and
the Twin Cities metro area.

Benefits
Significant financial savings will result
from building major projects earlier and
over a shorter period of time.
The accelerated program will produce a
domino effect allowing advancement of
smaller projects in future years throughout
the state.

Benefits
The Minnesota Department of Transportation
will refocus on core responsibilities of
roadway safety, preservation and project
construction.
Accelerated funding for Transit Advantage
capital improvements will support and
encourage bus transit use within metro-area
highway corridors.

Benefits
Additional funding for capital investments
will support Greater Minnesota transit
service.
The package maintains the states priority
commitment to statewide highway system
safety, repair and preservation.

Project selection criteria:

Within the states 2004-2013 10-year
construction program.
Provides congestion relief, added capacity,
or increased mobility through bottleneck
removal or in interregional corridors.
Multi-year, capital intensive projects.
Developed to the point where acceleration
is possible.

Redirecting $42 million

The redirection of $42 million in current
Mn/DOT spending from lesser-priority
initiatives to highway construction projects
will pay the debt service on $550 million in
new trunk highway bonds.

Proposed Reallocated Mn/DOT Funding as a

Percentage of Trunk Highway Funding
$42,000,000
(3.9 percent)

$1,027,000,000

Redirecting $42 million

Administration and Overhead: $16,275,000
Information Technology: $10,075,000
Road Maintenance: $4,000,000
Equipment and Facilities: $3,150,000
Research: $2,500,000

Redirecting $42 million

Snow and Ice Removal: $2,500,000
Rest Areas: $2,000,000
Striping: $1,000,000
Landscaping: $500,000

Pawlenty-Molnau Transportation Financing Package

Proposed Reallocated Mn/DOT Funding $42 Million
$500,000
$1,000,000
$2,000,000

Administration and Overhead

$2,500,000

Information Technology
Snow and Ice Removal

$3,150,000

$16,275,000

Road Maintenance
Equipment and Facilities
Research

$4,000,000

Rest Areas
Striping
Landscaping

$2,500,000

$10,075,000

April 2, 2003