Going to turn it over to jim, who is with spary consulting and is he part of our Financial Consulting team. Good morning directors, i am jim martin at sparry capital. And we are an Advisory Firm and the overview. And now, i dont think of p3 as the appropriate vehicle for every project. I advise, cal transseveral years ago on a 100 million straight resurfacing of i80. And that was not the profile for a p3 project. A p3 project rather should be complicated, and in large, with challenges that can be identified and through ensentive and proven to the private sector and we think that it is a prime candidate for several sxraens number one, you have opening in 2017. And number two your environmental work for the extension is almost done and it should be done some time late in 2014 or early 2015. And number three, the 30 percent design work already done. And otherwise, this project is almost shovel ready, which is very important for the Infrastructure Development and project delivery and on to
Cal train, and sam transand dta and the city of san jose. At the same time that the Business Plan was revised the High Speed Rail Authority had agreed to release the early prop one a funds to the northern and southern book ends and the idea was that the early funds would be used to deliver, high speed rail, related up grades that could be completed and delivered to the public earlier, than the over all high speed rail system and so also, as part of this mlu it was negotiated that the funds that go to the Northern Book end would go to complete the cal train electric identification and positive train control because those are important regional projects and certainly relate to the Transbay Program as well in terms of the dtx and the benefits that were included in the mlu. And included in the reference to mtc resolution, 3434, which included the dtx in the transit expansion and it reiterated that it will be the northern terminus and all of the partis that signed on to work joinly. And to
[inaudible] mr. Nicholas. Thank you so much mister chairman. Can you hear me okay . Unclear. Thank you mister chairman. I want to you first begin by recognizing mr. Fraser and citigroup, the conversation im going to have involves all the patent list, but i want to begin with her company and herself. Based on our research, it looks like citigroup pays five times more in interest to its depositors than the rest of the individuals sitting at the table. Miss frazier, your deposits are currently 0. 5 Interest Rate . We believe we have a variety of different deposit products. We believe them to be competitive and fair. The information i have here on your basic account package is a 0. 05 Interest Rate, is that correct . One of our products has, that that is correct. For the rest of the panel, is it fair to say that my members here are accurate for the remainder youre paying about 0. 01 on deposits . That is inaccurate. Can you please clarify then for me the figure . Yes, our base account pays
Mr. Nicholas. Thank you so much mister chairman. Can you hear me okay . Unclear. Thank you mister chairman. I want to you first begin by recognizing mr. Fraser and citigroup, the conversation im going to have involves all the patent list, but i want to begin with her company and herself. Based on our research, it looks like citigroup pays five times more in interest to its depositors than the rest of the individuals sitting at the table. Miss frazier, your deposits are currently 0. 5 Interest Rate . We believe we have a variety of different deposit products. We believe them to be competitive and fair. The information i have here on your basic account package is a 0. 05 Interest Rate, is that correct . One of our products has, that that is correct. For the rest of the panel, is it fair to say that my members here are accurate for the remainder youre paying about 0. 01 on deposits . That is inaccurate. Can you please clarify then for me the figure . Yes, our base account pays about the s
[inaudible] [inaudible] [inaudible] [inaudible] about those are to think about the committee will come to order. Thank you so much mister chairman, can you hear me okay . Loud and clear, yeah. Thank you mister chairman. I want to first begin by recognizing miss frazier and city group. The conversation i am going to have will involve all of the panelists. I want to begin with her company and herself. Based on our research it looks like they pay five times more interest to its depositors and the rest of the individuals sitting at the table. Miss frazier, is it correct that your deposits are currently yielding 0. 05 Interest Rate . We believe we have a variety of different deposit products. We believe them to be competitive and fair. The information i have here on your basic account package is a 0. 05 Interest Rate, is that correct . One of our products has, that that is correct. For the rest of the panel, is it fair to say that my members here are accurate for the remainder youre paying