1 / 17

Key Moment In Highway History

Key Moment In Highway History. 50th anniversary of the Interstate: Era of “free roads” Reauthorization: Federal Commissions on the Future of the Interstate System and the Highway Trust Fund Current trends in toll applications The Next 50 years?. TOLL ROAD TRENDS AND FUTURES.

gwendolyn-colon
Download Presentation

Key Moment In Highway History

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. Key Moment In Highway History • 50th anniversary of the Interstate: Era of “free roads” • Reauthorization: Federal Commissions on the Future of the Interstate System and the Highway Trust Fund • Current trends in toll applications • The Next 50 years? TOLL ROAD TRENDS AND FUTURES

  2. Focus: Tolling As Significant Program • Toll roads as localized/niche product? or • Significant part of future nationwide highway service? TOLL ROAD TRENDS AND FUTURES

  3. Revenues ($B) Used for Federal State Local Total Highways 2003 Motor - Fuel Taxes $25 $28 $55 $2 Motor Vehicle Taxes $3 $16 $19 Tolls - $5 $1 $6 Property Taxes/Assessments - - $7 $7 General Fund Appropriations $2 $3 $15 $21 Other Taxes and Fees <$1 $3 $4 $8 Investments/Other <$1 $3 $5 $8 Bond Issue Proceeds - $9 $5 $14 $ 30 $ 68 $ 40 $ 138 Grand Total Receipts TOLL ROAD TRENDS AND FUTURES

  4. Change Drivers • Congestion vs. current program credibility • New financial/entrepreneurial resources • Demonstration effect of success • Technology enablers • Leadership TOLL ROAD TRENDS AND FUTURES

  5. Survey Data • What is the state of play? • Available material • Focus • Project velocity • Quantities in context • Typology • Implications TOLL ROAD TRENDS AND FUTURES

  6. What We Found Not including TTC TOLL ROAD TRENDS AND FUTURES

  7. What We Found TOLL ROAD TRENDS AND FUTURES

  8. What We Found TOLL ROAD TRENDS AND FUTURES

  9. What We Found TOLL ROAD TRENDS AND FUTURES

  10. What We Found • Players • > 20: Texas, Florida • 10-15: California, Colorado, Virginia • Others: Alabama, Georgia, Maryland, North Carolina, Oklahoma, Pennsylvania, Oregon TOLL ROAD TRENDS AND FUTURES

  11. What We Found • Private sector development (of 129 projects) • 69 are public • 21 committed to private development/finance • 39 not committed either way • Impact of PAB legislation/SEP 15? TOLL ROAD TRENDS AND FUTURES

  12. What it Implies • Federal/State revenues: $100B (2003) to $130B (2010) • Toll revenue share from $5B to $6.5 to stay even • Added toll miles projected (2015): 4900 current plus 1440 added (600 HOT) = 30-40% increase suggests $7B-$10B (toll rates?) • With Interstate deregulation & more conversion: Current toll revenues X 3+ $15 = 10%+ of total F/W revenues

  13. Future Scenario Issues (FHWA study) • Transportation Institutions with candid focus on mobility • Demonstration of priced network benefits • Full deregulation for toll applications • Institutional innovation – public and private TOLL ROAD TRENDS AND FUTURES

  14. Program Futures TOLL ROAD TRENDS AND FUTURES

  15. Finance Futures TOLL ROAD TRENDS AND FUTURES

  16. Institutional Futures TOLL ROAD TRENDS AND FUTURES

  17. Implications • 1939: The Federal establishment decided to focus on “free” roads, not toll roads (based primarily on lack of traffic) • 2006: Beyond “Business as Usual”: Mainstreaming of tolls and pricing? • A true paradigm shift: in finance/development & roles/relationships, public & private TOLL ROAD TRENDS AND FUTURES

More Related