91 Express Lanes91 Express LanesKirk AvilaKirk Avila

Treasurer/General ManagerTreasurer/General Manager

BackgroundBackground The 91 Express Lanes is a four lane, 10-mile toll The 91 Express Lanes is a four lane, 10-mile toll

roadroad

The toll road cost approximately $135 million to The toll road cost approximately $135 million to construct and opened in December 1995construct and opened in December 1995

The toll road was constructed by the California The toll road was constructed by the California Private Transportation Company, LLC (CPTC)Private Transportation Company, LLC (CPTC)

The State of California granted CPTC a 35-year The State of California granted CPTC a 35-year Franchise Agreement to own and operate the toll Franchise Agreement to own and operate the toll roadroad

OCTA’s PurchaseOCTA’s Purchase Acquired the 91 Express Lanes on 1/3/03Acquired the 91 Express Lanes on 1/3/03

Required tolling legislationRequired tolling legislation

$207.5 million purchase price$207.5 million purchase price

Removed Non-Compete provisionsRemoved Non-Compete provisions

Created an Advisory Committee comprised of Created an Advisory Committee comprised of Orange, Riverside and San Bernardino county Orange, Riverside and San Bernardino county representativesrepresentatives

OCTA’s Toll PolicyOCTA’s Toll Policy Adopted by the OCTA Board of Directors in Adopted by the OCTA Board of Directors in

July 2003July 2003

Traffic volumes are monitored on an hourly basisTraffic volumes are monitored on an hourly basis

Policy establishes trigger points to adjust tolls up Policy establishes trigger points to adjust tolls up or down, depending on traffic volume and or down, depending on traffic volume and compliance with covenantscompliance with covenants

Policy includes COLA annual adjustments and Policy includes COLA annual adjustments and three ride freethree ride free

Board of Directors and customers are notified at Board of Directors and customers are notified at least ten days prior to an adjustmentleast ten days prior to an adjustment

Current Toll Schedule – October 2011Current Toll Schedule – October 2011

Time Sun Mon Tue Wed Thur Fri Sat Time Sun Mon Tue Wed Thur Fri SatMidnight $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 Midnight $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30

1:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 1:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.302:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 2:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.303:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 3:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.304:00 AM $1.30 $2.45 $2.45 $2.45 $2.45 $2.45 $1.30 4:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.305:00 AM $1.30 $4.00 $4.00 $4.00 $4.00 $3.85 $1.30 5:00 AM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.306:00 AM $1.30 $4.15 $4.15 $4.15 $4.15 $4.00 $1.30 6:00 AM $1.30 $2.10 $2.10 $2.10 $2.10 $2.10 $1.307:00 AM $1.30 $4.60 $4.60 $4.60 $4.60 $4.45 $1.75 7:00 AM $1.30 $2.10 $2.10 $2.10 $2.10 $2.10 $1.308:00 AM $1.75 $4.15 $4.15 $4.15 $4.15 $4.00 $2.10 8:00 AM $1.65 $2.10 $2.10 $2.10 $2.10 $2.10 $2.109:00 AM $1.75 $3.30 $3.30 $3.30 $3.30 $3.30 $2.55 9:00 AM $1.65 $2.10 $2.10 $2.10 $2.10 $2.10 $2.10

10:00 AM $2.55 $2.10 $2.10 $2.10 $2.10 $2.10 $2.55 10:00 AM $2.55 $2.10 $2.10 $2.10 $2.10 $2.10 $2.5511:00 AM $2.55 $2.10 $2.10 $2.10 $2.10 $2.10 $2.95 11:00 AM $2.55 $2.10 $2.10 $2.10 $2.10 $2.10 $2.55NOON $2.55 $2.10 $2.10 $2.10 $2.10 $2.10 $2.95 NOON $3.05 $2.10 $2.10 $2.10 $2.10 $3.15 $3.05

1:00 PM $2.95 $2.10 $2.10 $2.10 $2.10 $2.10 $2.95 1:00 PM $3.05 $2.90 $2.90 $2.90 $3.15 $4.95 $3.052:00 PM $2.95 $2.10 $2.10 $2.10 $2.10 $2.10 $2.95 2:00 PM $3.05 $4.15 $4.15 $4.15 $4.25 $3.10 $3.053:00 PM $2.95 $2.10 $2.10 $2.10 $2.10 $2.55 $2.95 3:00 PM $2.55 $4.45 $3.70 $3.95 $5.45 $9.75 $3.054:00 PM $3.10 $2.10 $2.10 $2.10 $2.10 $2.55 $3.10 4:00 PM $2.55 $4.55 $6.80 $7.30 $8.95 $8.85 $3.055:00 PM $3.10 $2.10 $2.10 $2.10 $2.10 $2.55 $3.10 5:00 PM $2.55 $4.85 $6.25 $7.50 $8.80 $7.00 $3.056:00 PM $3.10 $2.10 $2.10 $2.10 $2.10 $3.05 $2.55 6:00 PM $2.55 $4.45 $3.60 $3.60 $4.40 $5.35 $2.557:00 PM $2.55 $1.30 $1.30 $1.30 $1.30 $2.10 $2.10 7:00 PM $2.55 $3.15 $3.15 $3.15 $4.55 $5.00 $2.108:00 PM $2.55 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 8:00 PM $2.55 $2.10 $2.10 $2.10 $2.90 $4.55 $2.109:00 PM $2.55 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 9:00 PM $2.10 $2.10 $2.10 $2.10 $2.10 $2.90 $2.10

10:00 PM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 10:00 PM $1.30 $1.30 $1.30 $1.30 $1.30 $2.10 $1.3011:00 PM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 11:00 PM $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30

91 EXPRESS LANES TOLL SCHEDULE 91 EXPRESS LANES TOLL SCHEDULEWestbound Eastbound

Oct-11 Oct-11

Revenue DistributionRevenue DistributionWestbound Lanes Eastbound Lanes

10am-3pm23%

3pm-7pm17%

7pm-10pm3%

5am-10am54%

10pm-5am3%

5am-10am 10am-3pm 3pm-7pm

7pm-10pm 10pm-5am

10am-3pm18%

7pm-10pm10%

10pm-5am1%

5am-10am4%3pm-7pm

67%

5am-10am 10am-3pm 3pm-7pm

7pm-10pm 10pm-5am

Traffic Volumes Since 2004Traffic Volumes Since 2004

Total Revenues Since 2004Total Revenues Since 2004

Fiscal Year

ConclusionsConclusions Congestion management pricing philosophy has Congestion management pricing philosophy has

increased mobility in the SR 91 Corridorincreased mobility in the SR 91 Corridor

The precise formulas in OCTA’s toll policy helps The precise formulas in OCTA’s toll policy helps public acceptancepublic acceptance

Successful public private partnership based on Successful public private partnership based on contracts with the private sectorcontracts with the private sector

OCTA is working with the SR 91 Advisory Committee OCTA is working with the SR 91 Advisory Committee and Caltrans to increase the capacity in the SR-91 and Caltrans to increase the capacity in the SR-91 corridorcorridor

OCTA is also working with the Riverside County OCTA is also working with the Riverside County Transportation Commission on their plans to extend Transportation Commission on their plans to extend the 91 Express Lanes into Riverside Countythe 91 Express Lanes into Riverside County