Investor Presentaiton

Seattle Washington Seattle - Denver Proposed Preferred Route and Select Station Locations Sandpoint Olympia-Laceyo Spokane Yakima Portland o Kennewick Helena Montana North Dakota Minnesota Preferred Route Operating Statistics Billings Fargo Scheduled run time approx. 40 hours on Route length 1,671 miles Boise • Boise, ID Restored service Idaho • Ogden, UT Pocatello New Service • n/a Wyoming Minneapolis/ St. Paul- Ogden- Sacramento Reno Salt Lake City Provo Legend San Francisco Nevada Baseline Network Long-Distance, Northeast Merced Corridor, State-Supported, Baseline Projects South Dakota Further analysis after completion of this study would be necessary to advance the preferred routes through project planning and project development activities, including detailed schedule development. This analysis would include extensive coordination with host and operating Cheyenne railroads, funding agencies and other key stakeholders. Preferred Routes Preferred Route: Seattle - Denver Preferred Routes Stations in Cities with Populations Over 50k o Existing Discontinued New California Bakersfield Las Vegas Barstow Utah Grand Junction Colorado Trinidad Denver Kansas City Kansas Newton U.S. Department of Transportation Federal Railroad Administration Scheduled run time for northbound or eastbound service. 127

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