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91 Express Lanes Kirk Avila Treasurer/General Manager

91 Express Lanes Kirk Avila Treasurer/General Manager. Background. The 91 Express Lanes is a four lane, 10-mile toll road The toll road cost approximately $135 million to construct and opened in December 1995

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91 Express Lanes Kirk Avila Treasurer/General Manager

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  1. 91 Express Lanes Kirk Avila Treasurer/General Manager

  2. Background • The 91 Express Lanes is a four lane, 10-mile toll road • The toll road cost approximately $135 million to construct and opened in December 1995 • The toll road was constructed by the California Private Transportation Company, LLC (CPTC) • The State of California granted CPTC a 35-year Franchise Agreement to own and operate the toll road

  3. OCTA’s Purchase • Acquired the 91 Express Lanes on 1/3/03 • Required tolling legislation • $207.5 million purchase price • Removed Non-Compete provisions • Created an Advisory Committee comprised of Orange, Riverside and San Bernardino county representatives

  4. OCTA’s Toll Policy • Adopted by the OCTA Board of Directors in July 2003 • Traffic volumes are monitored on an hourly basis • Policy establishes trigger points to adjust tolls up or down, depending on traffic volume and compliance with covenants • Policy includes COLA annual adjustments and three ride free • Board of Directors and customers are notified at least ten days prior to an adjustment

  5. Current Toll Schedule – October 2011

  6. Revenue Distribution Westbound Lanes Eastbound Lanes

  7. Traffic Volumes Since 2004

  8. Total Revenues Since 2004 Fiscal Year

  9. Conclusions • Congestion management pricing philosophy has increased mobility in the SR 91 Corridor • The precise formulas in OCTA’s toll policy helps public acceptance • Successful public private partnership based on contracts with the private sector • OCTA is working with the SR 91 Advisory Committee and Caltrans to increase the capacity in the SR-91 corridor • OCTA is also working with the Riverside County Transportation Commission on their plans to extend the 91 Express Lanes into Riverside County

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