Investor Presentaiton

Timeframes of Implementation of Operations Development and Implementation Timeline for a Preferred Route 15 Year Timeline • Year 0-4: Project Planning • Year 4-8: Project Development • Year 8-14: Final Design and Construction • Year 15: Start of Operations Conceptual Timeframes for Implementation • Near-term: 2040 to 2050 • Mid-term: 2050 to 2060 • Long-term: 2060 + U.S. Department of Transportation Federal Railroad Administration 154 FRA LONG-DISTANCE SERVICE STUDY

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