Budget Amendment ID: FY2013-S4-457

TRP 457

MBTA Rail Expansion

Mr. Timilty moved that the proposed new text be amended in section 2E, in item 1595-6369, by adding at the end thereof the following: “provided further that prior to expending any further funds for any rail expansion project, the Massachusetts Bay Transportation Authority or the state agency initiating said expansion of rail service shall conduct a cost analysis reflecting the profitability of said proposed project. This cost analysis shall include any and all costs associated with the project including debt service, construction costs, future maintenance and associated costs. The auditor of the commonwealth shall request that the administrator of the appropriate division of the Massachusetts Department of Transportation prepare said fiscal analysis, including life cycle costs, demonstrating that sufficient revenues exist or will be generated to operate and maintain in good repair said expansion. This analysis shall also be submitted to the joint legislative committee on revenue. If said cost analysis shows that expansion is deemed unprofitable, then said expansion will not proceed”;

and in said item, by striking out the figure “$160,000,000” and inserting in place thereof the following figure:-“$156,000,000”.