Transcript Slide 1

S.H. 121 – Dallas, Texas
Case Study Presentation
National Summit on Future Transportation
Funding and Finance Strategies
April 11, 2007
Michael Morris, P.E.
Director of Transportation
www.nctcog.org/trans/mtp/2030
North Central Texas Council of Governments
Transportation Department
MOBILITY 2030
Prioritization of Improvements
Trans. System Management
Intelligent Trans. Systems
Remove Trips From System
Carpool/Vanpool Program
Pedestrian/Bicycle Facilities
Induce Switch to Transit
Bus/Commuter Rail/Light Rail
Increase Auto Occupancy
HOV System
Additional Single Occupant
Vehicle Capacity
Freeway/Tollway
Regional Arterial
Financial/Air Quality Constraint
Improve Efficiency of
Existing Facilities
+
Management & Operations
(ITS,TSM/TDM, Bike/Ped)
+
Rail and Bus
+
HOV/Managed
+
Freeway/Tollway and Arterial
=
2030 Plan
Intermodal Planning Efforts ● System
Safety ● System Security ● Alternative
Land Use and Growth Scenarios
Infrastructure Maintenance
Maintenance and Operation
of Existing Facilities
Policy
Discussion
MOBILITY 2030 DEVELOPMENT
Congestion is bad and getting worse, and traditional
funds cannot keep up
The Dallas-Fort Worth Region has a need by 2030 for
$129.5 billion to eliminate the most severe congestion
and rebuild aging infrastructure
Construction costs have risen 10% per year recently
Texas HB 3588 and HB 2702 have provided new
development and financial tools
Regional Transit Initiative proposes 0.5% sales tax
increase
Partnerships are part of the key to solving the problem
MOBILITY 2030 HIGHLIGHTS
Financially-Constrained Recommendations
Includes $9.6 billion of rail recommendations, including $3
billion of Regional Transit Initiative (RTI) rail lines
Includes $29.8 billion of roadway recommendations,
including $16.8 billion of Innovative Funding Strategies
Includes additional unfunded roadway needs for
illustrative purposes
Includes policy-level discussion of alternative future and
demographic considerations
Includes Environmental Mitigation Strategies
Includes Safety and Security policies and programs
Includes incorporation of Trans-Texas Corridor (TTC-35)
into recommendations
INTEGRATED COMPREHENSIVE APPROACH:
TOLL SYSTEM FOR NORTH TEXAS
Mobility Plan
Toll Roads and
Managed Lanes
Needed Short-Term Improvements
Preliminary Toll Feasibility
CDA Option
1. Construct
Project(s)
using
Bonding
Authority
Preliminary Agency Selection
NTTA Option
2. Construct
Toll System
with Toll
Leveraging
Priority 3
Priority 1
Category
2 TxDOT
Funds
$0 Excess Revenue
Irregular
Mobility Dividends
Excess Revenue Fund
3. Managed
Lane
Projects
4. Trans
Texas
Corridor
Operations of
Corridor
Regional
Needs
Other
Projects
Benefit/Cost Ratio of Plan: 1.51
Innovative Funding Strategies:
• HOV/ Managed
Lanes
• NTTA Toll Roads
• Comprehensive
Development
Agreements
• Public-Private
Partnerships
• Regional
Transit Initiative
Mobility 2025, Amended April 2005
Annual Cost of Congestion = $6.6 billion
• Trans-Texas
Corridor
• Regional Outer
Loop
Year 2025 from Mobility 2030 Plan
Annual Cost of Congestion = $6.1 billion
IDENTIFIED FUNDING NEEDS
DALLAS-FORT WORTH REGION
(Updated based on Mobility 2030 Funding Levels)
Metropolitan Transportation System
Components
Funded Needs Unfunded Needs
(Billions/2006 $)
Operation & Maintenance
$18.7
Congestion Mitigation Strategies
$2.1
Bicycle & Pedestrian Facilities and
Transportation Enhancements
Rail and Bus Transit System
$1.1
$11.01
HOV and Managed Facilities
$3.3
Freeway and Toll Road System
$26.4
$12.72
Regional Arterial and Local Thoroughfare
System
$5.7
$6.0
Additional Cost to Purchase Right-of-Way
Rehabilitation Costs
$1.1
$ 2.6
Goods Movement/Rail Freight Costs (Trans Tx
TOTAL
2
$3.4 billion obtained through Regional Transit Initiative
Includes Freeway-to-Freeway Interchanges
$32.1
$6.7
Corridor)
1
(Billions/2006 $)
$70.9
(55 %)
$58.6
(45 %)
Revised: February 28, 2007
$129.5 Billion
S.H. 121 CDA
Collin & Denton Counties
Funding in
$ Billions
Upfront Concession Fee
$2.10
Excess Revenue Over Time (Net Present Value)
0.70
Construction of S.H. 121
0.56
Operations, Preventive Maintenance, and
Capacity Enhancement Costs (Net Present Value)
1.70
Revenue Sharing (Banded Amounts)*
Total (Net Present Value)
--$5.06+
Note: Figures are approximate and are subject to CDA contract execution and financial closing.
* Significant funding may be available if future toll road volumes are higher than anticipated.
IMPLICATIONS FOR THE PLANNING
PROCESS
Importance of Financial Constraint
Importance of Needs Based Plan
MPO – Metropolitan Programming Organization
Increased Decentralization – Impact on State and National
Transportation System
Project Programming without Federal Requirements
IMPLICATIONS FOR PUBLIC POLICY
Tollroad Impact on Suburbanization – Leveling
Role of Peak Period Pricing on Mobility Goals
Role of Dynamic Pricing with Guarantees on Reliability of
Service
Equity of Costs – Value of Time, Regressiveness, or
“Opportunity Costs”
Equity of Benefits
- “Near Neighbor, Near Time Frame”
- Toll Users
IMPLICATIONS FOR INSTITUTIONAL
ARRANGEMENTS
Maturity of State DOT – MPO Relationship
Greater Role of Private Sector
Greater MPO Role in Policy Setting – Business Terms
Impact on Planning Funds, Research, and Federal Process
Impact on U.S. DOT
Partnerships are Key to Success