The Administration shall prepare plans to meet the transit needs of the District and from time to time shall review and revise these plans. The plans shall specify: The transit facilities to be constructed or acquired, including the location of terminals, stations, and parking facilities; The character, nature, design, and location of the transit facilities; Whether the transit facilities are to be constructed or acquired by lease, purchase, or condemnation; A timetable for providing the transit facilities; Anticipated capital costs; Estimated operating expenses and revenues; The type of equipment to be used; The areas to be served and the routes and schedules of service expected to be provided; The expected fares and charges for service; The plan of financing the capital costs and operation of the transit facilities; When applicable, improvements in interjurisdictional commuter transit services including the location of corridors, routes, stations, and terminals; Improvements to fare payment systems that will: Allow for the processing of fare media in electronic form; and Provide electronic fare media for distribution to employees as part of a commuter benefits program; and Any other information that the Administration considers relevant. A plan may provide for demonstration or testing facilities and for the use of the facilities for research and development.