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Managed Lanes and Bus Rapid Transit: Emerging New Financing Opportunities

ENGINEERS. PLANNERS. ECONOMISTS. Wilbur Smith Associates. Managed Lanes and Bus Rapid Transit: Emerging New Financing Opportunities. Ed Regan Senior Vice President. HOT / BRT: Better Together. Managed and HOT Lanes Gaining Interest in U.S. SR 91 Express Lanes - Orange County

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Managed Lanes and Bus Rapid Transit: Emerging New Financing Opportunities

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  1. ENGINEERS PLANNERS ECONOMISTS Wilbur Smith Associates Managed Lanes and Bus Rapid Transit: Emerging New Financing Opportunities Ed ReganSenior Vice President

  2. HOT / BRT: Better Together • Managed and HOT Lanes Gaining Interest in U.S. • SR 91 Express Lanes - Orange County • I-15 Managed Lanes - San Diego • I-10 (Katy Freeway) Managed Lanes - Houston • I-635 (LBJ Freeway) Managed Lanes - Dallas • BRT Enjoying Resurgence • Today’s Presentation Looks at Examples of Potential New Synergies Between the Concepts • A “highway” solution can also become a “transit” solution • Together they can provide a new framework for “High Quality Transportation”

  3. Today’s Presentation • A Look at the New I-10 (Katy Freeway) Project in Houston. • A Look at I-15 in San Diego - Including Public Perceptions about Managed Lanes. • The Potential for HOT / BRT Together. • Hint: Think “Win - Win”

  4. Managed Lanes - The SR 91 Example

  5. IH-10 Managed LanesHouston • Part of Major Katy Freeway Expansion Program. • Innovative Operational and Financing Solution to Difficult Congested Corridor. • Could be Important Model for Urban Freeway Expansion in the Future.

  6. 59 59 59 59 59 59 59 59 Gulf Bank Gulf Bank 90 A 290 290 90 A Hardy Toll Road Hardy Toll Road Hempstead Hwy Clay Rd 43RD St Hempstead Hwy Clay Rd 43RD St Katy Katy IH 10 Toll Lanes Houston Houston Spring Valley Spring Valley Katy Frwy Katy Frwy Piney Point Village Piney Point Village 610 610 610 610 10 10 45 10 10 10 45 10 Voss Rd 261 6 6 6 261 99 99 99 99 8 6 6 8 8 8 8 6 8 Voss Rd Rd Rd Allen Pkwy HARRIS CO. FORT BEND CO. HARRIS CO. FORT BEND CO. Allen Pkwy Westheimer Westheimer Eldridge Pkwy Eldridge Pkwy Bellaire Blvd Bellaire Blvd Hillcroft St Blvd Blvd Breaswood Breaswood Hillcroft St Bellaire Bellaire Rd Rd Airport Airport Post Oak Rd Post Oak Rd 1464 1093 1093 1093 1093 1464 Stafford Stafford Fulshear Fulshear 529 521 529 521 Pecan Grove Pecan Grove Sugar Land Sugar Land Project Location Map

  7. N No Scale 8 8 6 6 10 10 10 10 Managed Lanes Access Configuration Sillber Rd Sam Houston Tollway Dairy Ashford Rd Bunker Hill Rd Post Oak Ln Silber Rd BRT Park & Ride Dairy Ashford Rd Bunker Hill Rd SH 6 BRT Park & Ride SH 8

  8. Current and Planned IH-10 Configurations Planned Expanded Configuration Current Configuration General Purpose Lanes General Purpose Lanes Future Managed Lanes Reversible Carpool Lane General Purpose Lanes General Purpose Lanes

  9. Groundbreaking Project • Cooperative “Public-Public” Partnership. • TexDOT – State Agency • HCTRA – County Toll Agency • METRO – Regional Transit Agency • FHWA and FTA • Tolls Used to Finance a Portion of the Major Expansion of an Urban Interstate. • HCTRA will provide $250 million in revenue bonds toward overall project cost • Managed Lanes Replace Single Reversible HOV Lane. • Incorporation of Bus Rapid Transit. • Fully Electronic Open Road Tolling. • Variable Pricing to Maintain Free Flow for BRT, HOV and Toll Users.

  10. Unique Transit Provisions • Four Managed Lanes Replace Single Reversible Lane. • METRO Provided up to 25% of Peak Period Capacity in Peak Direction. • Express Busses • Three person Carpools • Pricing will be Set to Maintain Free Flow for Transit / HOV’s. • TexDOT Agrees to “Buy Out” Remaining Bonds if Rail Constructed in Corridor in Distant Future.

  11. Using Price to Manage Demand • Key Provision for Transit. • HCTRA Agrees to Always Price the Managed Lanes to Assure 55 MPH Operating Speed - Even in Peak Hours. • Busses Have Free Usage - Plus Direct Access To/From BRT Center Park and Rides. • Essentially a Four Lane, Two Directional Free-Flowing “Busway”. • Shared with, and paid for by, toll paying vehicles (managed through pricing)

  12. 610 Typical Managed Lanes Access Managed Lane CURRENT TOLL To Dairy Ashford $0.50 Free To Bunker Hill $1.00 Free To $2.50 Free 1 or 2 Occupants HOV 3+ Peak Period

  13. Typical Tolling Zones Guide Posts Police Car Police Car Guide Posts

  14. 2007 2015 3.25 3.25 3.25 3.80 3.80 3.80 4.35 4.35 4.35 4.90 4.90 4.90 5.45 5.45 5.45 5.95 5.95 5.95 6.50 6.50 6.50 7.05 7.05 7.05 7.60 7.60 7.60 8.20 8.20 8.20 8.70 8.70 8.70 9.20 9.20 9.20 3.25 3.25 3.25 3.80 3.80 3.80 4.35 4.35 4.35 4.90 4.90 4.90 5.45 5.45 5.45 5.95 5.95 5.95 6.50 6.50 6.50 7.05 7.05 7.05 7.60 7.60 7.60 8.20 8.20 8.20 8.70 8.70 8.70 9.20 9.20 9.20 0.00 0.00 0.00 1.65 1.65 1.65 2.15 2.15 2.15 2.75 2.75 2.75 0.00 0.00 0.00 1.65 1.65 1.65 2.15 2.15 2.15 2.75 2.75 2.75 Total Total HOV3 HOV3 LOV LOV Toll Rate / Operations ProfileWestboundP.M. Peak REVENUE REVENUE REVENUE, $/TRAVEL PERIOD REVENUE, $/TRAVEL PERIOD THROUGH TRIP TOLL RATE ($) THROUGH TRIP TOLL RATE ($) M/L VMT M/L VMT VMT, VEHICLE MILES TRAVELED/PERIOD VMT, VEHICLE MILES TRAVELED/PERIOD Optimum Toll Rate THROUGH TRIP TOLL RATE ($) THROUGH TRIP TOLL RATE ($) SPEED SPEED SPEED (MPH) SPEED (MPH) Managed Lanes Managed Lanes General Purpose Lanes General Purpose Lanes THROUGH TRIP TOLL RATE ($) THROUGH TRIP TOLL RATE ($)

  15. Through Trip Toll Rates Eastbound 2007 2015 2022 $2.20 2.15 1.10 1.10 1.10 $5.45 3.80 2.15 2.15 1.65 $6.75 5.45 2.15 2.15 2.15 • AM Peak • AM Shoulder • Mid-Day • PM Shoulder • PM Peak Westbound $0.55 0.55 0.85 1.65 2.70 $1.10 1.10 0.85 3.25 4.35 $1.65 1.65 1.10 4.90 6.75 • AM Peak • AM Shoulder • Mid-Day • PM Shoulder • PM Peak

  16. Peak Hour Traffic Distribution* General Purpose Lanes Managed Lanes Share Total Demand Manual Lanes Eastbound - AM Peak 11,500 900 100 12,500 8,900 100 100 9,100 2,300 800 3,100 20.0% 88.9% 24.8% LOV HOV-3+ CV Total Westbound - PM Peak 11,400 800 300 12,500 9,400 100 300 9,800 2,000 700 2,700 17.5% 87.5% 21.6% LOV HOV-3+ CV Total * 2003 Levels at East Toll plaza

  17. Broad Support for the I-15Managed Lanes Project • Stakeholders • Elected Officials support the project • Technical stakeholders look to repeat previous success • Focus Groups • Broad support for project, especially Bus Rapid Transit • Current FasTrak customers showed strongest support • Intercept Surveys (50 carpoolers/50 transit riders along I-15 Corridor) • 92% of carpoolers thought FasTrak lanes were “fair to them” • 94% of transit riders thought FasTrak lanes were “fair to them”

  18. Good Idea to Have Time Saving Option on I-15 Strongly Agree 70% Don’t Know 2% Strongly Disagree 3% Somewhat Agree 21% Somewhat Disagree 4%

  19. Approval of FasTrak Program on I-15 Approve 66% Approve 88% Don’t Know 6% Don’t Know 1% Disapprove 11% Disapprove 28% FasTrak Customer Other I-15 Users

  20. FasTrak Program Reduces Congestion on I-15 Strongly Agree 42% Strongly Agree 65% Somewhat Agree 31% Strongly Disagree 5% Don’t Know 2% Somewhat Disagree 5% Somewhat Disagree 11% Strongly Disagree 14% Somewhat Agree 25% FasTrak Customer Other I-15 Users

  21. Single Most Effective Way toReduce Congestion on I-15 Add Regular Lanes 26% Extend Express Lanes 37% Extend Express Lanes 49% Add Regular Lanes 24% Build Other Roads 21% Don’t Know 4% Don’t Know 5% Build Other Roads 13% Add Transit 10% Add Transit 11% FasTrak Customer Other I-15 Users

  22. HOT/BRT: Better Together • Win - Win Scenario. • Highway Side • Transit Side • Innovative Integrated Finance Opportunity. • Potential Integrated “High Quality” Transportation Solution.

  23. Key Ingredient: Value Pricing • Manages Demand to Keep Lanes Flowing -Preserves Critical Time Savings Advantage. • For toll paying vehicles • For BRT (“Virtual” Busway) • Generates Revenue. • For capital cost to get lanes built - (I-10 example) • For transit operating subsidies where HOV lanes exist (I-15 example) • Highway / Transit Cross Subsidy Not Really an Issue. • Motorists are voluntarily paying a toll for time savings benefits they receive • Not simply a toll for the benefit of a mode they are not using • Pricing Provides a “Built-In” Incentive to Shift to Transit

  24. Bottom Line: Managed Lanes / BRT Together Can… • Increase Efficiency of Existing HOV Lanes. • Enhance Park & Ride Programs and Transit Services. • Merge Roadway and Transit Systems, Making Most Efficient Use of Each. • Manage Demand Through Value Pricing. • Provide a Badly Needed New Source of Revenue. • Generate Strong Public Support - A True “Win - Win” Scenario

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