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WEBMAP RESULTS & STRATEGY DEVELOPMENT

This web map provides an overview of cost estimating and revenue forecasting for transportation projects, emphasizing the key determinant of fiscal balance. Explore project funding sources, cost estimates, revenue forecasts, and plan components for effective project management and development strategies. Learn about available funding resources and future growth projections up to 2050.

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WEBMAP RESULTS & STRATEGY DEVELOPMENT

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  1. WEBMAP RESULTS & STRATEGY DEVELOPMENT SEPTEMBER 2019

  2. WHAT ARE WE ASKING OF YOU TODAY? • Information only • Summary of cost estimating and revenue forecasting processes

  3. FISCAL BALANCE Key determinant in what projects can be included in MTP Project cost estimates & forecast of available funding resources Maintain the existing system and expand the system Primary sources of project funding Federal – generally controlled by ODOT or MORPC State – controlled by ODOT or through programs like OPWC or CEAO Local government or private Forecasts of funding available via various programs through 2050

  4. COST ESTIMATES • Current estimates when possible (TIP, CIP, Plans, etc.) • Develop unit costs per mile, bridge based onsimilar projects already constructed • Year of expenditure dollars (annual inflation factors)

  5. REVENUES • Short-term: Assume similar funding levels as previous years • Long-term: Assume more substantial legislation is passed at federal level, modest growth from state, local and private sector

  6. PLAN COMPONENTS • Goals, Objectives & Targets • Future Growth • Strategies • System Development • Projects • System Management • Operations & Maintenance • Safety/Security • Demand Management • Freight • Financial Forecast

  7. WHAT’S NEXT? • Evaluate candidate projects • Develop cost estimates and revenue forecast • Draft list of strategies and projects--Fall 2019 • MTP adoption--May 2020

  8. 2020-2050 MTP TIMELINE 2019

  9. Maria Schaper, AICP TRANSPORTATION PLANNING MANAGER MSCHAPER@morpc.org P. 614.233.4153 111 Liberty Street, Suite 100 Columbus, OH 43215 www.morpc.org

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