IMN’s Fourth Annual IMN’s Fourth Annual California California

Municipal Finance Municipal Finance ConferenceConference

IMN’s Fourth Annual IMN’s Fourth Annual California California

Municipal Finance Municipal Finance ConferenceConference

April 3, 2006

Steve HemingerSteve Heminger Executive DirectorExecutive Director

Bay Area Toll AuthorityBay Area Toll Authority

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Bay Area Transportation BasicsBay Area Transportation Basics > 4.5 million cars

> 25 transit agencies with 4,500 buses, railcars and ferries

20,000 miles of local streets and roads

1,400 miles of highway

300 miles of carpool lanes

Eight toll bridges

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Bay Area drivers made an estimated 21 million trips

Length of average trip increased 25.6 minutes in 1990 to

29.4 minutes in 2000

Recent dip in traffic congestion is recession-related

Traffic Congestion PersistsTraffic Congestion Persists

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2 million more people and jobs by 2030

Daily regional trips grow from 21 million to 28 million

Length of average trip increased 25.6 minutes in 1990 to

29.4 minutes in 2000 – over 31 minutes by 2030

2030 Travel Trends2030 Travel Trends

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Top 3 corridors with increase in

daily trips:

116% increase in daily trips over

I-680/Sunol Grade between Alameda

and Santa Clara counties

90% increase on I-580 corridor

between Alameda and Central Valley

counties

68% increase on Routes

12 & 29 from Napa and Solano

counties

Commuters Crisscross Region

Commuters Crisscross Region

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Making the Down PaymentProjected 25-Year Revenues for Financially Constrained Element

Making the Down PaymentProjected 25-Year Revenues for Financially Constrained Element

$118 billion spending plan is primarily focused on maintaining and operating the existing transportation system

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More Potholes AheadMore Potholes Ahead $16.7 billion in roadway maintenance costs $10.6 billion in revenues available as down payment Results in $6.1 billion shortfall

Strengthen Prop. 42 Strengthen Prop. 42 to

ensure gasoline tax revenues are directed to transportation

The Problem is Bigger than Prop. 42 Alone.

Years of neglect have left our transportation system in a state of disrepair.

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Keep Trains and Buses HummingKeep Trains and Buses Humming

$16.7 billion in transit capital costs $13.4 billion in revenues available as down payment Results in $2.8 billion shortfall

Back to the Voters The largest single

shortfall is at BART, which the voters of that special district will need to help address

Promote efficiency Consider institutional and

functional transit consolidation measures that improve efficiency

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State Highways Showing their AgeState Highways Showing their Age

$14 billion in State highway maintenance costs

$7 billion in revenues available as down payment

Results in $7 billion shortfall

MTC Supports more SHOPP Funding

Delays in maintenance will increase cost of roadway repairs

However, directing more funding to SHOPP addresses repair needs, but leaves less State funding for expansion projects

State Infrastructure Bond could bring money into the STIP and repay past loans

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Squeezing Better Mileage from Existing Network

Squeezing Better Mileage from Existing Network

$742 million needed to deploy Regional Operations Program

$329 million in revenues available as down payment

Results in $413 million shortfall

Freeway Performance Initiative

Install and operate traffic monitoring systems, ramp metering and traffic signal timing to improve traffic flow

Implement real-time communications systems to clear incidents quickly

Provide commuters travel-time reliability to make their lives better

HOT Network Delivers Carpool Lanes and Congestion Insurance

HOT Network Delivers Carpool Lanes and Congestion Insurance HOV lanes shave 15-20 minutes off

peak commutes, offering commuters a way to beat congestion

Express buses use HOV lanes to bypass traffic and provide faster, more reliable service

HOT lanes introduce pricing element into highway use by giving solo drivers option to pay to bypass congestion Regional HOT Lane Network

I-680 Smart Carpool Lane implementation set for 2009 start-up

MTC and Caltrans to lead Regional HOT Lane Analysis during 2006

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Moving Goods to MarketMoving Goods to Market

Over 37 percent of Bay Area economic output is manufacturing, freight transportation, and warehouse and distribution businesses

80 percent of freight movement occurs on freeway corridors, especially I-880, U.S. 101 and I-80 corridors, followed by rail and air cargo

Port of Oakland facilitates maritime freight movement, but is increasingly constrained due to congestion problems

I-880 Corridor Improvements Deploy ITS and operational

strategies

I-580 Corridor Improvements Truck climbing lanes; inland

rail/barges; truck toll lanes

I-80 Corridor Improvements I-80/680 interchange

US 101 Peninsula Operational improvements

Southern Gateway SR 152/156 improvements

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Transit Expansion Needed to Meet Regional Population and Job Growth Projections

$13 billion program with 85% non-federal funding

MTC adopted TOD policy in July 2005

Resolution 3434: Bay Area’s Vision for Transit ExpansionResolution 3434: Bay Area’s Vision for Transit Expansion

MTC Resolution 3434 identifies nine new rail extensions, express buses, ferry service, and enhancements to existing rail and bus corridors

Success of these transit investments depends on many factors, including supportive land uses

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Enhancing Livability by Connecting Transportation And Land Use

Enhancing Livability by Connecting Transportation And Land Use

Nearly 2 million people and 1.4 million jobs to be added to Bay Area

Partnerships amongst regional and local agencies needed to facilitate integration of transportation and land use

Joint Policy Committee formed to coordinateregional planning efforts and pursue implementation of the Smart Growth Vision, which was adopted in 2002

Provide More Land-Use Planning Funds to Partners

MTC provides local planning funds through T-PLUS and TOD policy

A key ingredient to better mobility is adequate housing in the right places.

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S O N O M A

A L A M E D A

S O N O M A

A L A M E D A

S O N O M A

A L A M E D A

In 1998 BATA was created In 1998 BATA was created to manage the voter to manage the voter approved base toll and approved base toll and $1.2b construction $1.2b construction programprogram

In 2004 BATA was In 2004 BATA was expanded by the voters to expanded by the voters to manage a second toll dollar manage a second toll dollar and additional $1.5b and additional $1.5b transit capital funding transit capital funding programprogram

In 2005 the state legislature In 2005 the state legislature put BATA in charge of all put BATA in charge of all tolls and the $8.6b seismic tolls and the $8.6b seismic retrofit programretrofit program

BAY AREA TOLL AUTHORITYBAY AREA TOLL AUTHORITY

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Capital Program Encompasses 3 Plans

RM1 $2.3 billion of projects approved by voters in 1988 Includes projects for Bridge System and other transportation

improvementsRM2 $1.5 billion of projects approved by voters in 2004 36 transit and bridge/transportation projects in Bay Area BATA is not required to fund cost increases for RM2 projects RM2 operating transfers to MTC capped at 38% and

subordinate to debt serviceSeismic Retrofit Program Response to 1989 Loma Prieta earthquake $8.7 billion plan funded by toll dollars and State sources

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RM1 Capital Plan

R M 1 P r o je c t s S t a t u sC o m p le t io n

D a t e

S a n M a t e o - H a y w a r d B r i d g e W i d e n i n g C o m p l e t e d N o v e m b e r - 0 2

S t a t e R o u t e 8 4 ( B a y f r o n t E x p r e s s w a y ) W i d e n i n g C o m p l e t e d J u l y - 0 3

N e w C a r q u i n e z S u s p e n s i o n B r i d g e C o m p l e t e d N o v e m b e r - 0 3

R i c h m o n d - S a n R a f a e l B r i d g e R e h a b i l i t a t i o n C o m p l e t e d A u g u s t - 0 5

1 9 2 7 C a r q u i n e z B r i d g e D e m o l i t i o n I n P r o g r e s s S e p t e m b e r - 0 7

N e w B e n i c i a - M a r t i n e z B r i d g e P r o j e c t I n P r o g r e s s D e c e m b e r - 0 7

R i c h m o n d - S a n R a f a e l B r i d g e D e c k O v e r l a y A d v e r t i s e d J a n u a r y - 0 7

I n t e r s t a t e 8 8 0 / S t a t e R o u t e 9 2 R e c o n s t r u c t i o n 9 5 % D e s i g n D e c e m b e r - 1 0

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RM1 Capital Plan: New Carquinez Suspension Bridge

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RM1 Capital Plan: New Benicia – Martinez Bridge Project

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SRP Capital Plan: Component/Status

Toll Bridge Seismic Retrofit StatusSeismic Safety

Achieved

San Mateo-Hayward Bridge Completed June-00

Carquinez Bridge Completed Jan-02

Benicia-Martinez Bridge Completed Aug-02

Richmond-San Rafael Bridge Completed Jul-05

San Francisco-Oakland Bay Bridge

East Span Interim Retrofit Completed June-00

West Span Completed June-04

West Approach Construction 2009

East Span Replacement Construction 2013

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SRP Capital Plan: SF-Oakland Bay Bridge

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SRP Capital Plan: East Span Skyway

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SRP Capital Plan: East Span Skyway

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SRP Capital Plan: East Span SAS Superstructure

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SRP Capital Plan: SAS Superstructure Contract

2 bids received on March 22, 2006 Joint venture of American Bridge & Fluor Corp. apparent low bid of

$1.434 billion Total contract cost now estimated at $1.767 billion Contract provides for project completion in March 2013 SRP Capital Plan includes $989 million funded program

contingency for risk factors