Quarterly Review Report – 4th Quarter ‘12 Table of Contents Executive Summary ........................................................................................................................................................................ 2 th 4 Quarter Highlights and Issues with a Look Ahead to Next Quarters: ..................................................................................... 4 Active Construction Contracts Summary ..................................................................................................................................... 6 th 44 St. Vent Plant & 245 Park Ave. Entrance (CM004) .............................................................................................................. 9 Manhattan Tunnels Excavation (CM009) .................................................................................................................................. 11 50th St. Ventilation Facility (CM013) ........................................................................................................................................ 13 th 55 St. Ventilation Facility (CM013A) ...................................................................................................................................... 15 GCT Concourse & Facilities Fit-Out Early Work (CM014A) ................................................................................................... 17 Vertical Circulation - Escalators & Elevators (VM014) ........................................................................................................... 19 Manhattan Structures Part 1 (CM019) ...................................................................................................................................... 20 Manhattan – MNR F/A Support (FMM19) ................................................................................................................................ 22 Queens Bored Tunnels and Structures (CQ031) ........................................................................................................................ 24 Plaza Substation and Queens Structures (CQ032) .................................................................................................................... 26 Northern Boulevard Crossing (CQ039) ..................................................................................................................................... 28 Harold Structure Part 1 and GO2 Substation (CH053) ............................................................................................................. 30 Harold Structures – Part 2A (CH054A)..................................................................................................................................... 32 Harold Stage 1 – Amtrak Force Account (FHA01) .................................................................................................................... 34 Harold Stage 2 – Amtrak Force Account (FHA02) .................................................................................................................... 36 Harold Stage 1 – LIRR Force Account (FHL01) ....................................................................................................................... 38 Harold Stage 2 – LIRR Force Account (FHL02) ....................................................................................................................... 40 Procure Harold Materials – Stage 2 (VHA/L02) ....................................................................................................................... 42 Harold and Point CILs – (VH051 Part 1) .................................................................................................................................. 43 Harold Tower Supervisory Control System (VH051 Part 2) ...................................................................................................... 45 Summary of Completed Contracts .............................................................................................................................................. 47 Contract Packaging Plan – Rev.9.3 ........................................................................................................................................... 48 Summary Program Schedule...................................................................................................................................................... 49 Funding and Budget ..................................................................................................................................................................... 51 Project Funding Status (As of December 31, 2012) ($ in Millions) ........................................................................................... 52 Status of Project Contingency .................................................................................................................................................... 53 ESA Contingency Balance ......................................................................................................................................................... 53 Construction Safety .................................................................................................................................................................... 55 System Safety and Security ........................................................................................................................................................ 55 Quality Assurance ...................................................................................................................................................................... 56 Grand Central Terminal ............................................................................................................................................................ 58 Railroad Systems ....................................................................................................................................................................... 58 Operational Readiness ............................................................................................................................................................... 59 Public Outreach ......................................................................................................................................................................... 60 Real Estate ................................................................................................................................................................................. 61 Harold Interlocking – NEC Congestion Relief Project .............................................................................................................. 62 Active Construction Contracts Summary ................................................................................................................................... 65 Loop Interlocking CILs (VQ065) ............................................................................................................................................... 66 Quarterly Report (Oct, Nov, Dec ‘12) - East Side Access (PM 3.2.103047) 1 Quarterly Review Report – 4th Quarter ‘12 Executive Summary Budget Summary (millions) Value of % of % of Contract Budget Budget Total Awards Awarded Invoiced Invoiced Paid Total $ 8,245.0 $ 4,917.4 60 % $ 4,320.6 52 % $ 4,200.9 Construction Only $ 6,268.9 $ 3,581.4 57 % $ 3,025.1 48 % $ 2,930.0 Note: 1) the budget and schedule reflect the June 2012. The budget excludes Rolling Stock reserve of $463M. Contingency Summary (millions) FFGA 2012 3rd QTR 4th QTR Current Baseline Baseline Balance Drawdown Balance Total $ 855 $ 550 $ 540 $ 4.5 $ 536 Contract Status Award Value (millions) No. of Active 22 $ 2,878.9 No. of Completed 26 $ 474.2 Note: Excludes Access and Protection contracts Quarterly Report (Oct, Nov, Dec ‘12) - East Side Access (PM 3.2.103047) 2 Quarterly Review Report – 4th Quarter ‘12 East Side Access – Budget and Schedule Quarterly Report (Oct, Nov, Dec ‘12) - East Side Access (PM 3.2.103047) 3 Quarterly Review Report – 4th Quarter ‘12 4th Quarter Highlights and Issues with a Look Ahead to Next Quarters: Construction Safety: . In the 4th Quarter, safety statistics continued to exhibit a downward trend from an overall rate of 2.50 incidents per 200,000 work-hours in October to 2.42 incidents per 200,000 work-hours in December (current national industry average is 2.20). While these rates are still above the national average, it does reflect an overall improvement of 10 percent from January 2012 when the overall rate was reported slightly above 2.70. Manhattan Construction: . The Manhattan Tunnels Excavation and Structures Part 1 (CM009/CM019) contract, reached an important project milestone with the completion of the wellways and shafts in the GCT Concourse in the 4th Quarter. The structures are now ready for the escalators, elevator and architectural finishes to be installed. The CM009/CM019 contractor is in the process of removing the conveyor belts along the alignment including the crusher and the vertical and stacker conveyors in Queens. All remaining blasting in the caverns and tunnels will be completed by March 2013. Work continues to progress on the other Manhattan contracts (44th St. Vent Plant & 245 Park Ave. Entrance (CM004), 50th St. Ventilation Facility (CM013), 55th St. Ventilation Facility (CM013A) and GCT Concourse & Facilities Fit-Out Early Work (CM014A),