; and (iv) the ability to meet existing or anticipated passenger or service demand; (B) the applicant’s past performance in developing and delivering similar projects; (C) if applicable, the consistency of the project with planning guidance and documents set forth by the Secretary or required by law; and (D) if applicable, agreements between all stakeholders necessary for the successful delivery of the project. (c) Northeast Corridor projects Of the funds made available to carry out this section, not less than 40 percent shall be made available for projects included in the Northeast Corridor investment plan required under section 24904. (d) National projects Of the funds made available to carry out this section, not less than 40 percent shall be made available for— (1) projects on the National Network; (2) high-speed rail projects; and (3) the establishment of new passenger rail corridors not located on the Northeast Corridor. (e) Federal share of total project costs (1) Total project cost estimate The Secretary shall estimate the total cost of a project under this section based on the best available information, including engineering studies, studies of economic feasibility, environmental analyses, and information on the expected use of equipment or facilities. (2) Federal share The Federal share of total costs for a project under this section shall not exceed 90 percent. (3) Treatment of revenue Applicants may use ticket and other revenues generated from operations and other sources to satisfy the non-Federal share requirements. (f) Letters of intent (1) In general The Secretary shall, to the maximum extent practicable, issue a letter of intent to a recipient of a grant under this section that— (A) announces an intention to obligate, for a major capital project under this section, an amount that is not more than the amount stipulated as the financial participation of the Secretary in the project; and (B) states that the contingent commitment— (i) is not an obligation of the Federal Government