Phase II—Project Description Development(July 1, 1999—June 30, 2000)—(1)Description. In Phase II, each grant recipient will prepare and submit to FRAa project description, supporting preconstruction planning reports, and an EA. Supporting reports may include demand and revenue analyses, project specification, cost estimates, scheduling,financial studies, a system safety plan (including supporting analysis),and other information in support of the project description. FRA will use this information in reaching a decision on which projects to down-select for completion of site-specific environmental studies, investment grade revenue forecasts,and other studies and analyses necessary prior to initiation of construction. FRA will initiate documentation of environmental factors considered in the project selection process