BUILD a Better Transportation Grant Application: Leverage ... · Travel Time Savings $251M $136M...
Transcript of BUILD a Better Transportation Grant Application: Leverage ... · Travel Time Savings $251M $136M...
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BUILD a Better Transportation GrantApplication: Leverage Economic
Development Impacts
May 22, 2018
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Agenda
• What is TREDIS?
• What capabilities are enabled in TREDIS andTREDIS-MBCA?
• Example Project for Grant Application
– Incident Management System (IMS)
– What TREDIS outputs will expand mynarrative?
• Questions & Answers
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What is TREDIS?
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TREDIS® is a decisionsupport system thathelps tell the economicimpact story for yourtransportation project. Provides insights to help you
make decisions, plan, andcommunicate the
• economic impact,• benefit-cost,• financial impact, and• freight implications
of your project or program.
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Addresses Stages of Planning Process
Prioritize & SelectProjects
Develop LongRange Plans
Evaluate Alternatives Show Economic Roleof Existing Facilities
Assess PublicPolicy Options
Show Impact ofMaintenance
Decisions
Determine Impactof a Single Project
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Single Project Analysisfor Grant Applications
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What capabilities are enabled?
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CapabilitiesTREDIS-MBCA
Free Multimodal BenefitCost Analysis tool
TREDISFull subscription
User Benefit-Cost Analysis Y Y
Economic Impact Analysis (wider benefits) N Y
Public Private Cash Flow Partnership Analysis N Y
Fiscal Impact Analysis N Y
Freight Data N Y
Area Economic Profiles and Forecasts N Y
User-Specified Custom Mode(s) N Y
User-Specified Study Region(s) N Y
Importing/Exporting Projects N Y
Support Knowledge Base, OnlineDocuments, User Library
Full Support includingphone, email, andKnowledge Base
Reports BCA Reports, GrantReport
All
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From Inputs to Results
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Today’s webinar is not focused on a completeworkflow in TREDIS.
If you want to know more, view one of theIntroduction to TREDIS webinars available at
www.tredis.com/resources/webcasts
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TREDIS Demonstration
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TREDIS MBCA can be used to conduct:• Benefit-Cost Analysis (BCA)
• Benefit Cost Ratio• Net Present Value• Discount Rates of 3% and 7%• Grant Report supporting documentation
TREDIS Full Suite can be used to conduct:• Economic Impact Analysis
• Number of jobs created• Industry Profile & Income level• Occupational Profile of jobs within business hierarchy
• Fiscal Analysis: Expected tax revenues• Tolling Evaluation: Impact of collection and spending• Public Private Partnerships (P3): Return on investment
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Better Utilizing Investments to LeverageDevelopment (BUILD) Grants
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Source: https://www.transportation.gov/BUILDgrants/about
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U.S. DOT BCA Guidance
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Categories of Benefits• Time Savings (incl. Reliability)• Vehicle Operating Cost Savings• Safety• Emissions
Specified Monetized Values (Fixed Factors)• Value of a Statistical Life (VSL)• Personal Injury (KABCO)• Property Damage• Value of Time (Personal, Business, Truck Driver)• Occupancy Rate (Passenger Cars & Trucks)• Vehicle Operating Costs (Cars and Trucks)• Value of Emissions (SOx, NOx, PM, & VOC)
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Modes: Monetized Values for Federal Grants
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Specified Monetized Values (Fixed Factors)• Value of a Statistical Life (VSL)• Personal Injury (KABCO)• Property Damage• Value of Time (Personal, Business, Truck Driver)• Occupancy Rate (Passenger Cars & Trucks)• Vehicle Operating Costs (Cars and Trucks)• Value of Emissions (SOx, NOx, PM, & VOC)
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Incident Management System (IMS)
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Reduce Accidents Reduce Incidents
Improve Speeds Increase Diversions
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TREDIS MBCA
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LiveDemonstration
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TREDIS-MBCA: Benefit Cost Analysis
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TREDIS-MBCA: Benefit Cost Analysis
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Benefit Category 3% Disc.Rate
7% Disc.Rate
Vehicle Operating Cost $9M $4MTravel Time Savings $251M $136MReliability Improvement $13M $7MSafety Improvement $835M $453MEmissions Reduction $2M $1MLogistics Cost Savings $99M $54MTotal Benefits $1,209M $655MCapital Costs $350M $330MNet Benefits – Costs $859M $325MBenefit Cost Ratio 3.5 2.0
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TREDIS-MBCA: Grant Report
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TREDIS-MBCA vs. TREDIS Full Suite
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TREDIS MBCABCA Grant Report
TREDIS Full Suite
Summary Report Economic Impacts TollingFiscal Impacts P3
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TREDIS Full Suite: Summary Report
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TREDIS Full Suite: Economic Impacts
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YearsBusiness
Output ($M’s)Value Added
($M’s) JobsLabor Income
($M’s)2019-2020 $557 $307 1,789 $2552021 $10 $5 52 $32057 $15 $7 69 $52021-2057 $469 $226 58 $155
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TREDIS Full Suite: Economic Impacts
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By Occupation(2057)
By Industry(2057)
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TREDIS Full Suite: Fiscal Impacts
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Time Period Households Businesses Total2021-2057 $15.3M $18.2M $37.4M
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TREDIS Full Suite: Tolling
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TREDIS Full Suite: Public-Private Partnership
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Category Description Government Private TotalCosts PV of Capital Costs -$350M $0M -$350MCosts PV of Oper. Costs -$225M $0M -$225MCosts PV of Main. Costs -$75M $0M -$75MCosts PV of Lease Costs $0M $1,500M $1,500MCosts PV of All Costs -$650M $1,500M -$650MRevenue PV of Toll Revenues $0M $0M $0MRevenue PV of Lease/Contract Rev. $1,500M $0M $1,500MRevenue PV of All Revenues $1,500M $0M $1,500MMetrics Undisc. Payback Period 2029Metrics Disc. Payback Period 2031Metrics Internal Rate of Return 10% 0% 10%Metrics Revenue Cost Ratio 2.3 0 2.3
PV = Present Value
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Wrap-Up
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TREDIS MBCABCA Grant Report
TREDIS Full Suite
Summary Report Economic Impacts TollingFiscal Impacts P3
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TREDIS®
Helps you meet federal grant benefit-costanalysis requirements and gives you the
option to improve your application narrative.
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Watch previously recorded webinars here:www.tredis.com/resources/webcasts
Introduction to TREDIS Introducing TREDIS-MBCA
Register to use TREDIS-MBCA for free at:www.tredis.com/trial
Learn more…
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For More Information…
TREDIS Software Group155 Federal Street, Suite 600
Boston, MA 02110(617) 303-0424
Free TREDIS-MBCA Tool: www.tredis.com/trial
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