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Executive Summary • DRAFT Ferry Financial Feasibilitv Studv & Cost -Benefit and Economic I <br />WETA's Project Implementation Process — If the Business Plan is approved by SMCTA and funds <br />are made available for construction of the ferry terminal, the next step in WETA's process <br />would be an "Environmental and Preliminary Design" of the ferry terminal and service plan, as <br />seen in Figure E-7. <br />Figure E-7: WETA's Project Implementation Process <br />I ity Studies <br />Project MOU <br />Environmental & <br />Preliminary Design <br />Permitting[Desigrt <br />Vessel <br />Procurement <br />Construction <br />Begin Operations <br />Source: WETA 2020 Short Range Transit Plan <br />Smith <br />E-15 <br />