A couple of thoughts on the SYIP:
(1) The posted losses for FY15 (I use FY15 because of the pre/post PRIIA numbers issue...FY14 for VA corresponds to July-13 through June-14 IIRC) run up one hell of a lot higher than Amtrak's MPRs. That's going to be a sincere question I have to raise at some point, since Amtrak shows all three routes in the black at the moment. That said, it does look like the losses get "held back" a bit for FY15 vs. FY14 due to some variables (Norfolk ramp-up, for example). Still, it's one heck of a drop to see the routes post a $7.7m contribution before their capital charge per the September 2012 Monthly Performance Report and then see them expected to post a $5.4-5.5m loss next year before capital charges. I'm going to blame differing accounting practices between Amtrak's pre-PRIIA stuff and what VA was actually able to work out "on the ground" with the seat charges north of WAS.
-Alternatively, it's quite possible that (as usual) fairly conservative assumptions are being used on the service costs versus revenues.
-In general, I do expect a modest ramp-up in ridership on the Norfolk trains as both times improve, people "get used" to the new service, and as it gets a "proper" station.
(2) Granted, the numbers are fuzzier further out because until this year VA wasn't expecting this much money to work with (no, really...this is a massive sum of money for any state to have secured, especially considering that this isn't a state with a massive pre-existing set of services to support), but it's still almost surreal to see a state with over $100 million in the rail budget awaiting allocation.
-The placeholder figure for funding growth is about 4%. Extrapolating this out into the '20s offers a /lot/ of money that can be used. Assuming 3.8% growth, the cumulative funding available through FY25 is $706.25m, of which only about a third has been allocated. The amount available through the 25-year time horizon of the state rail plan is...dizzying would be an understatement. Assuming a 3.8% growth rate, it's $2.179bn.
(3) On the service extensions, it looks like Roanoke should get a train by sometime in late 2016, maybe a little bit sooner (remember, FYs and CYs don't line up). Norfolk should get the other two trains in sometime in late 2017, though it does seem plausible that one might be extended sooner than the others. Still, this is a very nice schedule.
(4) Considering the sheer mass of money available, even assuming limited outside funding (i.e. minimal TIGER funds or equivalents, no national HSR program actually gets going, etc.), it seems like VA could fund quite a bit off of either "just" this cash or this cash plus whatever could be secured with RRIF financing backed up by this funding. $50m/yr can get you quite a bit in the short term.
(5) I know the budget bill put in an additional slug of money into a Mass Transit Fund. I'm not 100% sure of the parameters of this fund, nor am I sure whether VRE funding would come from the Mass Transit pot or the IPROC pot.
-There also seems to be a good deal of "outside" money running around under the Rail Enhancement Program/Fund up a few pages. My best understanding is that the Rail Enhancement Fund is a separate pot of money from IPROC, but which is also available for freight, intercity, and/or commuter rail projects. Or, to put it another way, there's even more money running around.
(6) Finally, looking at the budgeting...I'm honestly pulling my hair out at how long the RVR-WAS 90 MPH study is estimated to take (until FY19 to conclude the Tier II EIS, though the Preliminary Engineering study is concurrent with this...so that's /something/). Of course, poking around at an application for that, I get this report:
http://www.drpt.virginia.gov/news/files/VA%20-%20SEHSR%20-%20RIC-WAS%20Segment%20-%20Application%20Form.pdf
(A) Interesting...apparently the max speed is, in fact, 69 MPH along the RF&P. More interesting is that apparently, the VRE folks are limited to 60 MPH. Can anyone confirm or deny this?
(B) It's also interesting to see CSX funding part of the 90 MPH MAS study (5% of the funding, or 1/4 of the non-federal match).
© However...even more fascinating is that on page five, the project lists 30 present frequencies. This would include the 9 Amtrak trains RVR-WAS (18) and 12 VRE frequencies FBG-WAS (VRE trains 300-313, save two...no idea if two of those got added relatively recently or not). Under the plan, Amtrak will get up to 32 frequencies (i.e. 16 round-trips, an increase of 7/day), with the other 32 frequencies noted presumably going to ramp up VRE service (something which does seem rather inevitable in the long run), likely including reverse-peak. Note that these figures (and most other notes, save a figure on page six) exclude trains running on the NS corridor, just those continuing down the RF&P.
-Note that 16 round-trips includes:
--9 to Hampton Roads
--4 to Charlotte
--3 LD (Star, Meteor, Palmetto)
Presumably the Auto Train is ignored in these proposals, since the 9+4+3 adds up to other reports I've seen.