program matures, levels will drop, and when those contingency levels are essentially freed a by the fta kroger, how -- program, the agency will be able to reprogram those funds back into the capital program. commissioner chu: so the current $300 million that exists in plans, to the extent that we have additional savings, that would add on top of that contingency? so for example, the 18.5? >> exactly. commissioner chu: and as you meet different milestones, by the end of the project, this contingency balances can be reduced? >> yes, requirements will be lowered, and so the surplus funds, the agency will have the chance to reprogram that money. commissioner chu: so the point i am taking away, the project we have right now, 1.57, that could be down -- brought down in terms of cost savings, but we are not ready to reflect that in the numbers until we meet milestones, until the contingency is released. >> thanexactly. commissioner campos: commissioner david chiu? commissioner chiu: i just wanted to clarify a couple of things. i know we continue to get questions about this from constituents, some of

program matures, levels will drop, and when those contingency levels are essentially freed a by the fta kroger, how -- program, the agency will be able to reprogram those funds back into the capital program. commissioner chu: so the current $300 million that exists in plans, to the extent that we have additional savings, that would add on top of that contingency? so for example, the 18.5? >> exactly. commissioner chu: and as you meet different milestones, by the end of the project, this contingency balances can be reduced? >> yes, requirements will be lowered, and so the surplus funds, the agency will have the chance to reprogram that money. commissioner chu: so the point i am taking away, the project we have right now, 1.57,t