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ACEC

Addressing the infrastructure needs gap to support a growing economy with increased population. Long-term funding uncertainty and decreased mobility are the main challenges.

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ACEC

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Presentation Transcript

  1. ACEC Bobby Lewis August 2017

  2. Transportation is Critical to Support a Growing Economy

  3. Population to increase by over 20 percent Infrastructure needs gap Problem Decreased mobility Long-term funding uncertainty

  4. Expected Population Growth by 2040

  5. Revenue ($B) Among Peer States

  6. System Mileage vs. Spending Per Mile

  7. Cash Model Performance P3.0 STIP

  8. What are we doing now? • Lack of project delivery has resulted in buildup of cash balance • Currently delivering 78% of TIP on schedule • Doing too many tasks sequential • Not adjusting to revenue/cost conditions • Plan of action • Reassessed and established new TIP project schedules (Complete) • Delegated projects for Division Delivery (Complete) • Revising project development cycles (in progress) • Monthly monitoring of program delivery status/cash management (in progress)

  9. Project Delivery (Planning Documents) • Recent executed delegated authority agreement with FHWA for CE documents (check list) • New Expectation for planning activities • CE’s within 1 year • EA’s within 2 years • EIS’s within 3 years Discoveries & Expectations

  10. What are we doing now? • Division Mobility Program to address small projects < $2 M • Division Planning Engineers to be technical support and link to rural planning organizations and municipal planning organizations • Better access to tools for MPOs/RPOs to help in project selection and strengthen project competiveness • GIS • Travel Demand Modeling • Freight Analysis Modeling and Network Performance • Performance Metrics for Safety, Mobility, Condition • Transportation Economic Development Impact System

  11. Capital Programs • Division Managed vs. Centrally Managed • 70% projects and 30% of dollars are Division Managed • 30% projects and 70% of dollars are Centrally Managed • 2% projects are Turnpike’s totally $5.5B • Reset of Draft 10 year STIP • 350 projects accelerated • 144 projects added Delivery Effort going forward

  12. Capital Programs (5 years) • Preliminary Engineering Expenditures • From $200M annually to over $250M • Right of Way Expenditures • From $325M annually to approaching $400M • Construction Lettings • From $1.66B annually to $2.55B • Partnering with Contractors on existing projects to put the capital project in use as fast as possible Delivery Effort going forward

  13. O&M Programs (HF) • Contract Resurfacing to improve pavement condition and quality • From $500M in 2018 to $600M • Bridge Program • Increase bridge replacements by 150 over 5 years to reduce the numbers of aging structures (710 to 860 bridges) • Evaluating the efforts of “Express DB” to smaller traditional bundling's to maximize limited dollars • Aviation Program • Increase GA activities by $25M Delivery Effort going forward

  14. TIP Project Advancements

  15. Additional Tools – Why? Need to leverage debt affordability to accelerate projects beyond 2 years and find long term funding solutions simultaneously Cash Balance Closing Target Floor Cash Management Plan of Action

  16. QUESTIONS?

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