2.2. Recommendations 2.2.1. Project Development and Readiness Strengthening the project development process will improve cost certainty, reduce delays, and ensure that projects entering future bond programs are fully scoped and ready to advance. Table 2.1: Project Development Recommendations # Recommendation Type
2.2.2. Capital Program and Funding Strategy Transportation needs will exceed the capacity of any single funding source. The City should structure capital programs to leverage multiple funding streams and phase projects accordingly. Table 2.2: Capital Program Recommendations # Recommendation Type 2.2.1 Use bond funding as a catalyst to leverage state, federal, regional, and private funding sources. Policy 2.2.2 Phase large projects across multiple bond cycles where appropriate to improve affordability and delivery. Program 2.2.3 Align capital planning with grant opportunities at the federal and state levels. Program 2.2.4 Apply a consistent prioritization approach that includes both new capacity and system preservation projects. Policy
Adopt a formal project development policy (established through this plan) requiring all projects to advance to a defined level of scope, cost, and risk understanding prior to bond programming. Dedicate a minimum of 1% of the capital program annually to project development and pre-design activities to ensure project readiness.
2.1.1
Policy
2.1.2
Policy
2.1.3 Establish target confidence levels for cost estimates before projects are submitted for bond consideration. Program 2.1.4 Develop standardized project one-pagers for all candidate capital projects to support decision- making. Program
2.1.5 Maintain a rolling, ranked project list to inform future bond cycles and capital investment programs.
Program
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Goals, Objectives, Policies + Recommendations | Fort Worth Master Transportation Plan
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