Brent Cagle
speaker
2,705 appearances
14 recordings
3 series
first heard Sep 2023
last heard 28 May
Brent Cagle’s voice in public audio — every appearance, attributed to the second.
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Hold on, let me see if I have the exact answer.
Predominantly, the vast majority of it.
On the capital side, the vast majority of it is software expenditures, but it's also network infrastructure.
So it's Workday, HR and financial system, and that's the software, but then it's the network infrastructure that's needed that, again, we have to look at.
It is anticipated that there will need to be a service level agreement, but the MPTA just recently hired EY as their transition consultant.
And they are,
They have a huge team.
I think there's no less than two former North Carolina secretaries of different divisions on the team.
It's a really impressive team.
They're working through all of that and they will be approaching the city to talk about that.
And it may require a transition services agreement, but that's to be determined.
Correct.
Or do we have a projection of when it would be 50% complete?
We don't have it projected at this time, primarily because as we go through design and environmental, we will be looking at project delivery methods that may enable us to speed up construction, alternative delivery methods,
like P3s or design build or other things.
And so the cash burn, if you will, is dependent on the project delivery method.
And that will come as we get closer to that 30% design and environmental as we start to look at project delivery.
The other thing to clarify on this is that PAVAC says that no other rail project can complete before the red line is 50% complete.
Just logistically, the red line is the most ready.
Showing 321–340 of 2,705 · page 17 of 136
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