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11 1 1 1 <br /> ~ ~ 11 1 ~ 1 ~ 1 <br /> ACTs also recently completed reviews of period. <br /> the 2008-2011 STIP and the screening <br /> of projects for the Draft 2010-2013 After consultation with bond experts, <br /> STIP. ODOT concluded that as much as one- <br /> fourth of the annual allocation was <br /> <br /> The ACTs followed the criteria approved available to be bonded. This allowed <br /> by the Commission for 2010-2013 STIP consideration of some large projects on <br /> as they selected projects for SB 566. the constrained list. <br /> <br /> This ensured that the selected projects <br /> met land use planning requirements The ACTs then identified projects for <br /> and were consistent with the Oregon a second list that are estimated to <br /> Highway Plan and the Oregon cost more than $100 million. Despite <br /> <br /> Transportation Plan. If the Legislature an assumption that a large amount <br /> makes additional money available, the of additional revenue might become <br /> selected projects could be added to the available, these projects are so costly <br /> STIP and moved through project design that they alone would consume all <br /> to construction within the 2010 to 2015 or most of even significant revenue <br /> timeframe. increases. In order to qualify for the <br /> second list, a large project must be <br /> Prioritizing projects around the state listed in a Transportation System Plan. <br /> is a challenging task. ACTs were asked <br /> to identify projects in two lists. The The projects identified by the ACTs in <br /> first was a "constrained list." It was each Region are summarized below. <br /> developed by taking an annual of $140 <br /> million over six years (established In the following tables showing the <br /> by considering ODOT's share of a complete list of projects, the large <br /> revenue package similar to what was projects (over $100 million} are shaded <br /> discussed during the 2007 legislative for identification purposes. <br /> session, after setting aside dollars for <br /> maintenance and preservation of the Project cost estimates and timelines <br /> existing highway system), for a total of are based on current information; <br /> $840 million. Each ODOT Region was project development work -especially <br /> given a target based on its share of the the environmental impact statements <br /> state highway modernization program required for large projects -may <br /> in the 2010-2013 STIP (the "mod equity significantly affect both timelines and <br /> split"}. The ACTs within each Region cost estimates. <br /> then identified projects to be funded <br /> at the regional level over the six-year <br /> 48 <br /> <br />