Transcript Slide 1

Managed Lanes and Bus Rapid Transit:
Emerging New Financing Opportunities
Ed Regan
Senior Vice President
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ECONOMISTS
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HOT / BRT: Better Together
•
Managed and HOT Lanes Gaining Interest in U.S.




•
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SR 91 Express Lanes - Orange County
I-15 Managed Lanes - San Diego
I-10 (Katy Freeway) Managed Lanes - Houston
I-635 (LBJ Freeway) Managed Lanes - Dallas
BRT Enjoying Resurgence
Today’s Presentation Looks at Examples of Potential New Synergies
Between the Concepts
 A “highway” solution can also become a “transit” solution
 Together they can provide a new framework for “High Quality Transportation”
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Today’s Presentation
• A Look at the New I-10 (Katy Freeway) Project in
Houston.
• A Look at I-15 in San Diego - Including Public
Perceptions about Managed Lanes.
• The Potential for HOT / BRT Together.
 Hint: Think “Win - Win”
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Managed Lanes - The SR 91 Example
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IH-10 Managed Lanes
Houston
•
•
•
Part of Major Katy Freeway Expansion Program.
Innovative Operational and Financing Solution to Difficult
Congested Corridor.
Could be Important Model for Urban Freeway Expansion
in the Future.
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Project Location Map
529
529
290
290
5959
45
45
261
261
66
IH 10
Toll Lanes
Katy
Katy
8
610
610
Houston
Houston
Spring
Spring Valley
Valley
10
10
1010
10
10
Piney
Piney Point
Point
Village
Village
5959
9999
1093
1093
1093
1093
59
59
66
Bellaire
Bellaire
610
610
9999
8
8
Stafford
Stafford
1464
1464
Fulshear
Fulshear
Pecan
Pecan
Grove
Grove
90 A
A
90
59
59
Sugar
Sugar Land
Land
66
First
Colony
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521
521
88
Managed Lanes Access Configuration
N
6
Sillber Rd
No
Scale
8
10
10
10
10
Sam Houston
Tollway
Bunker Hill
Rd
Dairy Ashford
Rd
6
8
SH 6 BRT Park
& Ride
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Dairy Ashford
Rd
SH 8
Bunker Hill
Rd
Silber
Rd
BRT
Park
& Ride
Current and Planned IH-10 Configurations
Planned Expanded
Configuration
Current
Configuration
General
Purpose
Lanes
General
Purpose
Lanes
Reversible
Carpool
Lane
General
Purpose
Lanes
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Future
Managed
Lanes
General
Purpose
Lanes
Groundbreaking Project
•
•
Cooperative “Public-Public” Partnership.
 TexDOT – State Agency
 HCTRA – County Toll Agency
 METRO – Regional Transit Agency
 FHWA and FTA
Tolls Used to Finance a Portion of the Major Expansion of an Urban Interstate.
 HCTRA will provide $250 million in revenue bonds toward overall project
cost
•
Managed Lanes Replace Single Reversible HOV Lane.
•
Incorporation of Bus Rapid Transit.
•
Fully Electronic Open Road Tolling.
•
Variable Pricing to Maintain Free Flow for BRT, HOV and Toll Users.
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Unique Transit Provisions
•
•
Four Managed Lanes Replace Single Reversible Lane.
METRO Provided up to 25% of Peak Period Capacity in Peak
Direction.
 Express Busses
 Three person Carpools
•
Pricing will be Set to Maintain Free Flow for Transit / HOV’s.
•
TexDOT Agrees to “Buy Out” Remaining Bonds if Rail Constructed in
Corridor in Distant Future.
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Using Price to Manage Demand
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•
•
•
Key Provision for Transit.
HCTRA Agrees to Always Price the Managed Lanes to Assure 55 MPH
Operating Speed - Even in Peak Hours.
Busses Have Free Usage - Plus Direct Access To/From BRT Center Park
and Rides.
Essentially a Four Lane, Two Directional Free-Flowing “Busway”.
 Shared with, and paid for by, toll paying vehicles (managed through pricing)
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Typical Managed Lanes Access
Managed Lane
CURRENT TOLL
1 or 2
Occupants
HOV 3+
Peak Period
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To
Dairy
Ashford
To
Bunker
Hill
To
$0.50
$1.00
$2.50
Free
Free
Free
610
Typical Tolling Zones
Guide
Posts
Police
Car
Police
Car
Guide
Posts
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2007
2015
REVENUE
20,000
20,000
REVENUE, $/TRAVEL PERIOD
22,000
18,000
16,000
12,000
10,000
8,000
6,000
4,000
2,000
Westbound
P.M. Peak
18,000
16,000
14,000
REVENUE
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
0.00
0 1.65
1 2.15
2 2.75
3 3.25
4 3.80
5 4.35
6 4.90
7 5.45
8 5.95
9 6.50
10 7.05
11 7.60
12 8.20
13 8.70
14 9.20
15
0
0.00 1.65 2.15 2.75 3.25 3.80 4.35 4.90 5.45 5.95 6.50 7.05 7.60 8.20 8.70 9.20
THROUGH TRIP TOLL RATE ($)
THROUGH TRIP TOLL RATE ($)
M/L VMT
TRAVELED/PERIOD
VMT, VEHICLE MILES
VMT
M/L VMT
110,000
100,000
Total
HOV3
LOV
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
0.00
0 1.65
1 2.15
2 2.75
3 3.25
4 3.80
5 4.35
6 4.90
7 5.45
8 5.95
9 6.50
10 7.05
11 7.60
12 8.20
13 8.70
14 9.20
15
Optimum Toll Rate
VMTTRAVELED/PERIOD
VMT, VEHICLE MILES
Toll Rate /
Operations
Profile
$/TRAVEL PERIOD
REVENUE,REVENUE
REVENUE
22,000
110,000
100,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
0.00 1.65 2.15 2.75 3.25 3.80 4.35 4.90 5.45 5.95 6.50 7.05 7.60 8.20 8.70 9.20
THROUGH TRIP TOLL RATE ($)
THROUGH TRIP TOLL RATE ($)
SPEED
70
70
60
60
50
50
SPEED (MPH)
SPEED (MPH)
(MPH)
SPEED
SPEED (MPH)
SPEED
40
30
20
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10
Total
HOV3
LOV
90,000
40
30
20
Managed Lanes
General Purpose Lanes
0
0.00 1.65 2.15 2.75 3.25 3.80 4.35 4.90 5.45 5.95 6.50 7.05 7.60 8.20 8.70 9.20
THROUGH TRIP TOLL RATE ($)
10
Managed Lanes
General Purpose Lanes
0
0.00 1.65 2.15 2.75 3.25 3.80 4.35 4.90 5.45 5.95 6.50 7.05 7.60 8.20 8.70 9.20
THROUGH TRIP TOLL RATE ($)
Through Trip Toll Rates
Eastbound
• AM Peak
• AM Shoulder
• Mid-Day
• PM Shoulder
• PM Peak
2007
2015
2022
$2.20
2.15
1.10
1.10
1.10
$5.45
3.80
2.15
2.15
1.65
$6.75
5.45
2.15
2.15
2.15
$0.55
0.55
0.85
1.65
2.70
$1.10
1.10
0.85
3.25
4.35
$1.65
1.65
1.10
4.90
6.75
Westbound
• AM Peak
• AM Shoulder
• Mid-Day
• PM Shoulder
• PM Peak
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Peak Hour Traffic Distribution*
Eastbound - AM Peak
LOV
HOV-3+
CV
Total
Total
Demand
General
Purpose
Lanes
Manual
Lanes
Managed
Lanes
Share
11,500
900
100
12,500
8,900
100
100
9,100
2,300
800
20.0%
88.9%
3,100
24.8%
11,400
800
300
12,500
9,400
100
300
9,800
2,000
700
17.5%
87.5%
2,700
21.6%
Westbound - PM Peak
LOV
HOV-3+
CV
Total
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* 2003 Levels at East Toll plaza
Broad Support for the I-15
Managed Lanes Project
• Stakeholders
 Elected Officials support the project
 Technical stakeholders look to repeat previous success
• Focus Groups
 Broad support for project, especially Bus Rapid Transit
 Current FasTrak customers showed strongest support
• Intercept Surveys (50 carpoolers/50 transit riders along I-15 Corridor)
 92% of carpoolers thought FasTrak lanes were “fair to them”
 94% of transit riders thought FasTrak lanes were “fair to them”
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Good Idea to Have Time Saving Option on I-15
Strongly Agree
70%
Don’t Know
2%
Strongly Disagree
3%
Somewhat Agree
Somewhat Disagree
4%
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21%
Approval of FasTrak Program on I-15
Approve
Approve
66%
88%
Disapprove
11%
Don’t
Know
Disapprove
1%
28%
FasTrak Customer
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Don’t
Know
Other I-15 Users
6%
FasTrak Program Reduces Congestion on I-15
Strongly
Agree
Strongly
Agree
65%
42%
Somewhat
Agree
31%
Strongly
Disagree
5%
Don’t
Know
Somewhat
Disagree
5%
Somewhat
Agree
25%
FasTrak Customer
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2%
Strongly
Disagree
Somewhat
Disagree
14%
11%
Other I-15 Users
Single Most Effective Way to
Reduce Congestion on I-15
37%
49%
Add
Regular
Lanes
Don’t
Know
4%
Add
Transit
10%
Build
Other
Roads
13%
FasTrak Customer
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Add
Regular
Lanes
Extend Express
Lanes
Extend
Express
Lanes
24%
Don’t
Know
5%
26%
Add
Transit
11%
Other I-15 Users
Build
Other
Roads
21%
HOT/BRT: Better Together
•
Win - Win Scenario.
 Highway Side
 Transit Side
•
•
Innovative Integrated Finance Opportunity.
Potential Integrated “High Quality”
Transportation Solution.
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Key Ingredient: Value Pricing
•
Manages Demand to Keep Lanes Flowing Preserves Critical Time Savings Advantage.
 For toll paying vehicles
 For BRT (“Virtual” Busway)
•
Generates Revenue.
 For capital cost to get lanes built - (I-10 example)
 For transit operating subsidies where HOV lanes exist (I-15 example)
•
Highway / Transit Cross Subsidy Not Really an Issue.
 Motorists are voluntarily paying a toll for time savings benefits they receive
 Not simply a toll for the benefit of a mode they are not using
•
Pricing Provides a “Built-In” Incentive to Shift to Transit
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Bottom Line: Managed Lanes / BRT Together
Can…
• Increase Efficiency of Existing HOV Lanes.
•
•
Enhance Park & Ride Programs and Transit Services.
Merge Roadway and Transit Systems, Making Most Efficient
Use of Each.
•
Manage Demand Through Value Pricing.
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Provide a Badly Needed New Source of Revenue.
•
Generate Strong Public Support - A True “Win - Win” Scenario
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