1 / 29

Toll Increase Options for the State-owned Bay Area Bridges

Toll Increase Options for the State-owned Bay Area Bridges. BATA Oversight Committee Public Hearing on Proposed Toll Increase November 4, 2009. Dumbarton/Antioch Seismic Retrofit . Increased Debt and Operations Costs. Traffic Decreases.

diedrick
Download Presentation

Toll Increase Options for the State-owned Bay Area Bridges

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Toll Increase Options for the State-owned Bay Area Bridges BATA Oversight Committee Public Hearing on Proposed Toll Increase November 4, 2009 B A Y A R E A T O L L A U T H O R I T Y

  2. Dumbarton/AntiochSeismic Retrofit Increased Debt and Operations Costs Traffic Decreases Major Reasons Driving the Need to Increase Revenues B A Y A R E A T O L L A U T H O R I T Y

  3. 3 Antioch & Dumbarton Bridge Retrofits Antioch Bridge • STRUCTURE: Steel plate girder • OPENED: December 1978 • RETROFIT STRATEGY: Install isolation bearings, strengthen superstructure and substructure • Retrofit Completion: 2012 Dumbarton Bridge • STRUCTURE: Steel box girder and pre-stressed concrete approach spans • OPENED: October 1982 • RETROFIT STRATEGY: Install isolation bearings, strengthen superstructure and substructure for main span and approaches • Retrofit Completion: 2013 B A Y A R E A T O L L A U T H O R I T Y

  4. Total Project Costs – $750 Million 4

  5. 5 TrafficBridge Traffic Trends (FY 98/99 through FY 08/09) • Total traffic has declined 8% from FY 2003-04. • Reduction in toll paying traffic accounts for about $50 million in reduced annual revenues from 2005 model forecasts. • FY 2009-10 first quarter average daily traffic was about 2% more than the same period a year earlier. B A Y A R E A T O L L A U T H O R I T Y

  6. Debt CostsCurrent Forecast of Debt Cost vs. Assumed Debt Costs In 2005 Finance Model • Increased debt cost accounts for about $35 million in added annual costs from 2005 model forecast. B A Y A R E A T O L L A U T H O R I T Y

  7. Dumbarton/AntiochSeismic Retrofit Debt & Ops. Cost Increases Traffic Decreases Funding Strategy • Pursue operating cost savings • Improve toll violation collections • Seek new fund sources • Increase tolls B A Y A R E A T O L L A U T H O R I T Y

  8. Funding Strategy • Operating cost savings • FY 2009-10 toll collection costs are estimated to be $2.5 million less than in FY 2008-09. • Improve toll violation collections • Toll Violations have decreased 25% from FY 2006-07. • In FY 2008-09, violation collections exceeded expected toll revenues from violations by $6.6 million. • Seek new fund sources • AB 1175 adds Dumbarton & Antioch Bridges to Seismic retrofit Program. • Current forecast of $86 million ending balance in SRP Program Contingency. B A Y A R E A T O L L A U T H O R I T Y

  9. 9 Toll Revenue Options Toll Revenue Generation Estimates $165 mil. $166 mil. $164 mil. Option #1 — $5 for autos, $3 for carpools, & $6 per axle for trucks. Option #2 —$5 for autos; $0 for carpools, & $10 per axle for trucks. Option #3 — 6 Bridges: Same as Option #1; Bay Bridge $6 for autos in peak and $4 for autos in non-peak (M-F), $5 for autos on weekends.

  10. Toll Revenue Options Option #1: • Charges carpools for seismic retrofit portion of toll charges • All carpools would be required to obtain a FasTrak toll tag for reduced rate and FasTrak toll equipment would be required in all carpool lanes. • At $6 per axle, toll rates about double for trucks. B A Y A R E A T O L L A U T H O R I T Y

  11. Toll Revenue Options Option #2: • No charge for carpools • To maintain free passage for carpools, truck charge would need to be $10 per axle. B A Y A R E A T O L L A U T H O R I T Y

  12. Toll Revenue Options Option #3(Bay Bridge congestion pricing) • Preliminary analysis shows congestion pricing could reduce morning peak delay (maximum delay per vehicle) on the Bay Bridge by 15% to 30%. • Requires additional testing that the current toll collection system has the ability to charge varying tolls by time of day. B A Y A R E A T O L L A U T H O R I T Y

  13. Implementation Schedule B A Y A R E A T O L L A U T H O R I T Y

  14. Follow-upFrom Questions at the October 14, 2009 BATA Oversight Committee Meeting B A Y A R E A T O L L A U T H O R I T Y

  15. Truck Use by Bridge B A Y A R E A T O L L A U T H O R I T Y

  16. Truck Registrations • Non CA States with Highest Truck Bridge Use: • Oregon • Ohio • Nevada • Arizona • Arkansas • Washington B A Y A R E A T O L L A U T H O R I T Y

  17. History of Truck Toll Rates Per axle Auto Toll Rates vs. Truck Toll Rates • Toll increase options begin to restore 1992 truck/auto per axle toll rate differentials. B A Y A R E A T O L L A U T H O R I T Y

  18. Motivations to Carpool • Commuters are influenced to carpool more by time than dollar savings. B A Y A R E A T O L L A U T H O R I T Y

  19. Use of Current Tolls • Current Toll Structure • Regional Measure 1 (1989) $1 • Seismic Surcharge (1998) $1 • Regional Measure 2 (2004) $1 • Seismic Surcharge (2007) $1 TOTAL AUTO TOLL $4 • Current Annual Toll Revenues • Regional Measure 1 (1989) $125 M • Seismic Surcharge (1998) $115 M • Regional Measure 2 (2004) $115 M • Seismic Surcharge (2007) $115 M TOTAL ANNUAL REVENUES $470 M B A Y A R E A T O L L A U T H O R I T Y

  20. Use of Current TollsFY 2009-10 BATA Budget B A Y A R E A T O L L A U T H O R I T Y

  21. Dumbarton/AntiochSeismic Retrofit Debt & Ops. CostIncreases Traffic Decreases 21 Use of New Toll Revenues • New Funding Required – $160 million in new annual revenues: • Dumbarton & Antioch seismic retrofits – $75 million • Traffic decreases – $50 million • Debt cost increases –$35 million $160 million

  22. New Toll Revenues Sensitivity Analysis • A 1 percent drop in future debt costs would result in a need for $24 million less in annual new revenues. • Increasing traffic by 1 percent annually to 2004 levels would result in a need for $40 million less in annual new revenues. • Finance staff believes that current assumptions are needed to maintain AA ratings. B A Y A R E A T O L L A U T H O R I T Y

  23. Congestion Pricing Impacts on the Bay Bridge Delay Reduction (Maximum delay per vehicle) for Congestion Pricing Alternatives 27 min. 21 min. 18 min. 16 min. 15 min. 13 min. B A Y A R E A T O L L A U T H O R I T Y

  24. Congestion Pricing Options -AM Peak Period Vehicle Delay Existing • Most significant delays are between 6:30 a.m. and 8:30 a.m. on the Bay Bridge. B A Y A R E A T O L L A U T H O R I T Y

  25. Affordability: Household Income vs. Bay Bridge Peak Commuters East Bay West Bay Average Household Income $60,078 • Average income for all Transbay travelers is above the Bay Area average household income level. • Low income workers comprise 15% of Eastbay and Westbay drive alone categories. B A Y A R E A T O L L A U T H O R I T Y

  26. 26 Affordability: Express Lane Findings What do you think of allowing single drivers to use the carpool lanes by paying a toll (Minneapolis)? Finding: The concept of pricing is popular among all income groups Annual Household Income of Peak Period Users (Orange County Express Lane) Finding: At any given time about 3/4 of vehicles in the toll lanes belong to low- and middle-income individuals.

  27. Affordability: History of Bay Bridge Corridor Tolls and Transit Fares * Transit fares are roundtrip transbay fares. • Bay Bridge tolls have lagged transbay transit fares. B A Y A R E A T O L L A U T H O R I T Y

  28. Why Congestion Pricing on Bay Bridge? Toll Bridge Maximum Delay Times (minutes) Minutes of Delay • Peak delays at the toll plazas, except the Bay Bridge, are minimal. • FasTrak® customers only have delays at Dumbarton and Bay Bridges. B A Y A R E A T O L L A U T H O R I T Y

  29. Comments may be sent to BATA by: • Fax — 510.817.5848 • E-mail — tolls@mtc.ca.gov. B A Y A R E A T O L L A U T H O R I T Y

More Related