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• Several stated Project Objectives will also provide benefits to the immediate community and to San Joaquin County,including: o To expand capacity in order to meet the projected,growing demand for rail transport within the region by 2013 through 2035; o To provide local and area shippers and receivers of goods with increased opportunities for transport via rail as an alternative to long-haul shipment by truck on the regional highway network; o To provide additional capacity for rail transport within an established,regionally-significant area in dose proximity to two major highways (I-5 acid SR 99) and the Union Pacific's O and and Fresno Subdivisions (which are connected to Union Pacific's national network),and adjacent to or near light industrial,rural and other complementary,non-residential uses. o To increase capacity by enabling the facility to handle longer uninterrupted lengths of rail cars, allowing more rail cars to be loaded and unloaded in one sequence while reducing crossings over the local roadway network o To streamline and facilitate on site traffic,cargo movements and traffic accessing the facility with a more efficient layout and design; o To reduce truck processing and idling time at the facility truck entrance,while providing stringent cargo security. • Based upon an economic study prepared the Business Forecasting Center,Eberhardt School of Business,for the University of the Pacific dated August 17,2010,Analyrzr of Economic,Empkyment and Tax Revenue Impacts.2011-2025(the"UOP Study's the project will generate several substantial economic benefits to San Joaquin County. o The project will generate$142 million in economic output to San Joaquin County,including revenue and sales attributable to the facility construction and operation. o The project will generate$140 million in total additional income for direct and indirect employees. o The project will generate an additional$43 million in additional tax revenue,including federal,State and Iocal taxes. o During the three years of initialroject development and construction,the pro ect is expected to average direct employment of 2V individuals.A further 59 indirect jobs and 8�induced jobs is expected,leading to a total annual average of 385 jobs during the fust phase of the project's facilities development and the creation of 623 jobs over the life of the project o The total,cumulative economic impact of construction and the additional operations associated with the project during a fifteen year period from the start of construction is expected to be$411.9 million. Total income effects from the project between are estimated to be$140.2 million during this period. • Theprlect is in an ideal location for regional, national,and international multi-modal movement of Ys Within one hundred miles of the project site,there are thirty California counties with a combined population of 12.9 million people and a gross regional product of$739 billion in 2008.This region contains a diverse concentration of agricultural producers,retailers,manufacturers and distributors. • The current Union Pacific Intermodal Facility is served directly by UP main lines that reach northward and southward along the Pacific Coast,and eastward into the Central United States.The regional logistics and transport infrastructure is also complemented by another major rail carrier in San Joaquin County.Therefore,the project plays a critical support role in the regional rail system and expands the market reach of shippers m the region and throughout the United States. • Theproposed modernization and expansion of the Intermodal Facility will contribute to both development and productivity of San Joaquin County's transportation sector. UP's$248 million November 2012 35 Findings of Fact/ Statement of Overriding Considerations