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IMN’s Fourth Annual California Municipal Finance Conference

IMN’s Fourth Annual California Municipal Finance Conference. Steve Heminger Executive Director Bay Area Toll Authority. April 3, 2006. Bay Area Transportation Basics. > 4.5 million cars > 25 transit agencies with 4,500 buses, railcars and ferries

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IMN’s Fourth Annual California Municipal Finance Conference

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  1. IMN’s Fourth Annual California Municipal Finance Conference Steve Heminger Executive Director Bay Area Toll Authority April 3, 2006

  2. Bay Area Transportation Basics • > 4.5 million cars • > 25 transit agencies with 4,500 buses, railcars and ferries • 20,000 miles of local streets and roads • 1,400 miles of highway • 300 miles of carpool lanes • Eight toll bridges

  3. Traffic Congestion Persists • Bay Area drivers made an estimated 21 million trips • Length of average trip increased 25.6 minutes in 1990 to 29.4 minutes in 2000 • Recent dip in traffic congestion is recession-related

  4. 2030 Travel Trends • 2 million more people and jobs by 2030 • Daily regional trips grow from 21 million to 28 million • Length of average trip increased 25.6 minutes in 1990 to 29.4 minutes in 2000 – over 31 minutes by 2030

  5. Commuters Crisscross Region Top 3 corridors with increase in daily trips: • 116% increase in daily trips over I-680/Sunol Grade between Alameda and Santa Clara counties • 90% increase on I-580 corridor between Alameda and Central Valley counties • 68% increase on Routes 12 & 29 from Napa and Solano counties

  6. Making the Down PaymentProjected 25-Year Revenues for Financially Constrained Element • $118 billion spending plan is primarily focused on maintaining and operating the existing transportation system

  7. More Potholes Ahead • $16.7 billion in roadway maintenance costs • $10.6 billion in revenues available as down payment • Results in $6.1 billion shortfall • Strengthen Prop. 42 • Strengthen Prop. 42 to ensure gasoline tax revenues are directed to transportation • The Problem is Bigger than Prop. 42 Alone. • Years of neglect have left our transportation system in a state of disrepair.

  8. Keep Trains and Buses Humming • $16.7 billion in transit capital costs • $13.4 billion in revenues available as down payment • Results in $2.8 billion shortfall • Back to the Voters • The largest single shortfall is at BART, which the voters of that special district will need to help address • Promote efficiency • Consider institutional and functional transit consolidation measures that improve efficiency

  9. State Highways Showing their Age • $14 billion in State highway maintenance costs • $7 billion in revenues available as down payment • Results in $7 billion shortfall • MTC Supports more SHOPP Funding • Delays in maintenance will increase cost of roadway repairs • However, directing more funding to SHOPP addresses repair needs, but leaves less State funding for expansion projects • State Infrastructure Bond could bring money into the STIP and repay past loans

  10. Squeezing Better Mileage from Existing Network • Freeway Performance Initiative • Install and operate traffic monitoring systems, ramp metering and traffic signal timing to improve traffic flow • Implement real-time communications systems to clear incidents quickly • Provide commuters travel-time reliability to make their lives better • $742 million needed to deploy Regional Operations Program • $329 million in revenues available as down payment • Results in $413 million shortfall

  11. HOT Network Delivers Carpool Lanes and Congestion Insurance • HOV lanes shave 15-20 minutes off peak commutes, offering commuters a way to beat congestion • Express buses use HOV lanes to bypass traffic and provide faster, more reliable service • HOT lanes introduce pricing element into highway use by giving solo drivers option to pay to bypass congestion • Regional HOT Lane Network • I-680 Smart Carpool Lane implementation set for 2009 start-up • MTC and Caltrans to lead Regional HOT Lane Analysis during 2006

  12. Moving Goods to Market • I-880 Corridor Improvements • Deploy ITS and operational strategies • I-580 Corridor Improvements • Truck climbing lanes; inland rail/barges; truck toll lanes • I-80 Corridor Improvements • I-80/680 interchange • US 101 Peninsula • Operational improvements • Southern Gateway • SR 152/156 improvements • Over 37 percent of Bay Area economic output is manufacturing, freight transportation, and warehouse and distribution businesses • 80 percent of freight movement occurs on freeway corridors, especially I-880, U.S. 101 and I-80 corridors, followed by rail and air cargo • Port of Oakland facilitates maritime freight movement, but is increasingly constrained due to congestion problems

  13. Resolution 3434: Bay Area’s Vision for Transit Expansion • MTC Resolution 3434 identifies nine new rail extensions, express buses, ferry service, and enhancements to existing rail and bus corridors • Success of these transit investments depends on many factors, including supportive land uses • Transit Expansion Needed to Meet Regional Population and Job Growth Projections • $13 billion program with 85% non-federal funding • MTC adopted TOD policy in July 2005

  14. Enhancing Livability by Connecting Transportation And Land Use • Nearly 2 million people and 1.4 million jobs to be added to Bay Area • Partnerships amongst regional and local agencies needed to facilitate integration of transportation and land use • Joint Policy Committee formed to coordinateregional planning efforts and pursue implementation of the Smart Growth Vision, which was adopted in 2002 • Provide More Land-Use Planning Funds to Partners • MTC provides local planning funds through T-PLUS and TOD policy • A key ingredient to better mobility is adequate housing in the right places.

  15. Capital Program Encompasses 3 Plans RM1 • $2.3 billion of projects approved by voters in 1988 • Includes projects for Bridge System and other transportation improvements RM2 • $1.5 billion of projects approved by voters in 2004 • 36 transit and bridge/transportation projects in Bay Area • BATA is not required to fund cost increases for RM2 projects • RM2 operating transfers to MTC capped at 38% and subordinate to debt service Seismic Retrofit Program • Response to 1989 Loma Prieta earthquake • $8.7 billion plan funded by toll dollars and State sources

  16. RM1 Capital Plan

  17. RM1 Capital Plan: New Carquinez Suspension Bridge

  18. RM1 Capital Plan: New Benicia – Martinez Bridge Project

  19. SRP Capital Plan: Component/Status

  20. SRP Capital Plan: SF-Oakland Bay Bridge

  21. SRP Capital Plan: East Span Skyway

  22. SRP Capital Plan: East Span Skyway

  23. SRP Capital Plan: East Span SAS Superstructure

  24. SRP Capital Plan: SAS Superstructure Contract • 2 bids received on March 22, 2006 • Joint venture of American Bridge & Fluor Corp. apparent low bid of $1.434 billion • Total contract cost now estimated at $1.767 billion • Contract provides for project completion in March 2013 • SRP Capital Plan includes $989 million funded program contingency for risk factors

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