Transcript Colorado Rail Relocation Implementation Study Presentation to Progressive 15 Spring meeting March 27, 2008 March 27, 2008 T U R N I N G S T A K E H.

Colorado
Rail Relocation
Implementation
Study
Presentation to
Progressive 15
Spring meeting
March 27, 2008
March 27, 2008
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Public Benefits & Costs Study
of the Proposed BNSF / UP Front Range
Railroad Infrastructure Project
Study Completed in May, 2005
– Identified & in some cases quantified potential
public & private benefits & costs
– Assessed funding and financing options
– Measured economic impacts
– Estimated construction costs
– Suggested that benefits warranted further study and
analysis
Study completed in 2005T
U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Build Option
• The Build Option involved a major relocation of
through-freight train traffic east of the Front
Range Urban Corridor, plus
– Reduced delays at grade crossings
– Improved air quality and reduced noise and
vibration in built-up metro areas
– Statewide economic development, jobs creation, &
urban redevelopment opportunities
– Reduced train-vehicle accidents
– Future passenger rail facilitation
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Primary Quantitative Benefits Include
Both Direct and Indirect Categories
• Direct Benefits
– Transportation
– Land Use/Economic Development
– Environmental
– Passenger Rail Service
• Indirect Benefits
– Job Creation/Related Economic Activity
– Coal Severance Tax Income
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Public Benefits & Costs Summary
Project Capital
Costs
(Mid Scenario)
$1.17
Project Benefits
(Mid Scenario)
(2004 dollars in
billions)
Direct Public
Benefits
(in 2004 dollars)
$5.17
(Net Present
Value in billions)
Indirect Public
Benefits
Total Public
Benefits
Benefits in
Billions
$2.30
$2.86
$5.17
Job Creation
0
5,966
5,966
Benefit/Cost
Ratio
2:1
2.4:1
4.4:1
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
The Project Makes Sense
*”Under any scenario studied, there is
more than sufficient benefit accruing to
the citizens of Colorado to warrant the
investment of public dollars in the
proposed Project.”
*(Executive Summary of Public Benefits Study)
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Rail Traffic Growth Since the ’70’s
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Railroad Consolidations
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Wyoming
Nebraska
Powder River Basin
coal shipments
Evaluate opportunities
related to FasTracks
development
Economic
development in
eastern Colorado
Utah
Relocate Intermodal
and other rail yards
and facilities
Colorado coal
producing
areas
Short line railroad
interest in
north/south rail
access to enhance
agricultural rail
shipments in eastern
Colorado and western
Kansas
At-grade
crossing safety &
traffic delay
issues
Kansas
Opportunities to increase
capacity at Moffat Tunnel
N
Phase I “Bypass”
Project
Texas electric utilities
consuming Powder
River basin coal
Reconstruction of Denver
Rock Island and related
improvements for east-west
freight movements
Arizona
New Mexico
T U R N I N G
S T A K E H O L D E R S
Potential impacts of
the proposed Trans
Texas Corridor and
DM&E Railroad
Powder River to
Texas Coal Route
Empty Coal Trains
New Mexico Line to
Pueblo
Oklahoma
I N T O
Possible “Bypass”
Alignments
P A R T N E R S
Win - Win - Win
Others
 Coal producers
 Farmers & Ranchers
 City & County
 Federal interests
 ROW Impacted
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Balancing Costs and Benefits
Among Partners
COSTS
T U R N I N G
BENEFITS
S T A K E H O L D E R S
I N T O
P A R T N E R S
Input for Negotiations
• Understanding railroads objectives
• Latest railroad operational data
• Using Rail Traffic Controller (RTC)
software to analyze operations and
test options
• Reconfirm public and private benefits
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
RTC - Planned operations
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Funding
VS
• The $$ to Pay for the
Project
• Non-traditional Sources
• Turning Stakeholders
into Financial Partners
T U R N I N G
Financing
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S T A K E H O L D E R S
Timing Issues
Example Strategies
Bonding
TIFIA Loan
Multiple Year
Appropriations
I N T O
P A R T N E R S
Potential Project Funding Sources
• Development/transportation impact fees from
jurisdictions of benefit
• Energy & Mineral Impact Fund
• Contributions from railroads
• FRA
• Other federal appropriations
• CDOT state funds
• Other stakeholder funds
KEY:
Turn Stakeholders into
Financial Partners
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Open Communications
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Customized Communication
• TV, radio, newsletter, web page, KUSA, KOA,
en espanol…
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Education is a Two-Way Street
The Team
PROCESS
ISSUES
T U R N I N G
S T A K E H O L D E R S
Stakeholders
I N T O
P A R T N E R S
Activating the Variety of Stakeholders
Lincoln County Courthouse
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Environmental Analysis
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Technical Advisory Committee (TAC)
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Union Pacific Railroad
BNSF Railway
DRCOG
RTD
Dept. of Local Affairs
Federal Rail Administration
Public Utilities Commission
City & County of Denver
Rocky Mountain Rail Authority
Colorado Freight Advisory
Council
T U R N I N G
• Action 22
• Statewide Transportation
Advisory Committee
• City of Limon & Ports to
Plains
• Coal Industry
Administration
• CDOT – Mobility Analysis
• CDOT – Transit
• CDOT – Regions 1, 4 & 6
S T A K E H O L D E R S
I N T O
P A R T N E R S
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S
Tammy Lang
[email protected]
Randy Grauberger
[email protected]
T U R N I N G
S T A K E H O L D E R S
I N T O
P A R T N E R S