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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: Overall $1.9 Billion design and construction cost, largest project in OCTA's history, and largest active freeway project in California.
Direct Cash Support: $1.1 Billion of projects Design and Construction cost will come from Measure M, the county's half-cent sales tax for transportation improvements.
From Other Public Entities - Direct Grant of Appropriated Public Funds: $45.6 million from Federal government $89.7 from state of California
From Cash On Hand: $45.6 million from Federal Government. $89.7 million from state government.
Borrowed from Capital Markets: Low interest loan of $629 paid off by revenue from the I-405 Express Lanes. OCTA's traffic consultants projects 13.9 million trips in the first year of operation, rising to 20.3 million in the 3rd year.
From Private Capital Markets Directly to Producers as Debt: $629 million low interest loan to OCTA, to be paid off by revenue from the I-405 Express Lanes. Traffic consultants estimate that the express lanes will get 13.9 million trips in the first year, rising to 20.3 million trips in the third year.