carter rohan, director of capital programs and construction. thank you for allowing me the opportunity today to give you a brief on central subway. the central subway program is phase two of the third street light rail program. phase one was completed in 2007 and the completion cost of phase one was $648 million. phase two, central subway, is 1.7 miles of new track way, three stations below ground and one surface station to a projected cost of $1.6 billion. once completed, both phases, the total projected cost for central subway will be $2.2 billion. the federal share on this program is going to be totally 48%, and the federal sharing on phase two alone is 60%. the central subway schedule, we've completed conceptual and preliminary engineering. we have completed and seen our way through the supplemental environmental process, and in late 2008 we received a record of decision from the f.t.a. to allow us to move into the final design stage. our new starts rating we have achieved on this program is medium-high, a very, very good rating. we have ha

carter rohan, director of