Managed Lanes and Bus Rapid Transit: Managed Lanes and Bus Rapid Transit: Emerging New Financing Opportunities Emerging New Financing Opportunities ENGINEERS PLANNERS ECONOMISTS Wilbur Smith Associates Ed Regan Ed Regan Senior Vice President Senior Vice President
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Managed Lanes and Bus Rapid Transit: Emerging New Financing Opportunities ENGINEERS PLANNERS ECONOMISTS Wilbur Smith Associates Ed Regan Senior Vice President.
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Managed Lanes and Bus Rapid Transit: Managed Lanes and Bus Rapid Transit:
Emerging New Financing OpportunitiesEmerging New Financing Opportunities
Managed Lanes and Bus Rapid Transit: Managed Lanes and Bus Rapid Transit:
Emerging New Financing OpportunitiesEmerging New Financing Opportunities
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
Ed ReganEd ReganSenior Vice PresidentSenior Vice President
Ed ReganEd ReganSenior Vice PresidentSenior Vice President
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
HOT / BRT: Better TogetherHOT / BRT: Better Together
• Managed and HOT Lanes Gaining Interest in U.S.Managed and HOT Lanes Gaining Interest in U.S. SR 91 Express Lanes - Orange CountySR 91 Express Lanes - Orange County I-15 Managed Lanes - San DiegoI-15 Managed Lanes - San Diego I-10 (Katy Freeway) Managed Lanes - HoustonI-10 (Katy Freeway) Managed Lanes - Houston I-635 (LBJ Freeway) Managed Lanes - DallasI-635 (LBJ Freeway) Managed Lanes - Dallas
• BRT Enjoying ResurgenceBRT Enjoying Resurgence
• Today’s Presentation Looks at Examples of Potential New Today’s Presentation Looks at Examples of Potential New Synergies Between the ConceptsSynergies Between the Concepts A “highway” solution can also become a “transit” solutionA “highway” solution can also become a “transit” solution Together they can provide a new framework for “High Quality Together they can provide a new framework for “High Quality
Transportation”Transportation”
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
• A Look at the New I-10 (Katy Freeway) A Look at the New I-10 (Katy Freeway)
Project in Houston.Project in Houston.
• A Look at I-15 in San Diego - Including A Look at I-15 in San Diego - Including
Public Perceptions about Managed Lanes.Public Perceptions about Managed Lanes.
• The Potential for HOT / BRT Together.The Potential for HOT / BRT Together.
Hint: Think “Win - Win”Hint: Think “Win - Win”
Today’s PresentationToday’s Presentation
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
Managed Lanes - The SR 91 Managed Lanes - The SR 91 ExampleExample
Current and Planned IH-10 Current and Planned IH-10 ConfigurationsConfigurations
Current and Planned IH-10 Current and Planned IH-10 ConfigurationsConfigurations
Planned Expanded Configuration
General Purpos
eLanes
Reversible
Carpool Lane
General Purpose
Lanes
Current Configuration Gener
al Purpose Lanes
General Purpose Lanes
Future Managed Lanes
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
Groundbreaking ProjectGroundbreaking Project
• Cooperative “Public-Public” Partnership.Cooperative “Public-Public” Partnership. TexDOT – State AgencyTexDOT – State Agency HCTRA – County Toll AgencyHCTRA – County Toll Agency METRO – Regional Transit AgencyMETRO – Regional Transit Agency FHWA and FTAFHWA and FTA
• Tolls Used to Finance a Portion of the Major Expansion of an Urban Tolls Used to Finance a Portion of the Major Expansion of an Urban Interstate.Interstate.
HCTRA will provide $250 million in revenue bonds toward overall HCTRA will provide $250 million in revenue bonds toward overall project costproject cost
• Managed Lanes Replace Single Reversible HOV Lane.Managed Lanes Replace Single Reversible HOV Lane.
• Incorporation of Bus Rapid Transit.Incorporation of Bus Rapid Transit.
• Fully Electronic Open Road Tolling.Fully Electronic Open Road Tolling.
• Variable Pricing to Maintain Free Flow for BRT, HOV and Toll Users.Variable Pricing to Maintain Free Flow for BRT, HOV and Toll Users.
• Four Managed Lanes Replace Single Reversible Lane.Four Managed Lanes Replace Single Reversible Lane.
• METRO Provided up to 25% of Peak Period Capacity in METRO Provided up to 25% of Peak Period Capacity in Peak Direction.Peak Direction. Express BussesExpress Busses Three person CarpoolsThree person Carpools
• Pricing will be Set to Maintain Free Flow for Transit / Pricing will be Set to Maintain Free Flow for Transit / HOV’s.HOV’s.
• TexDOT Agrees to “Buy Out” Remaining Bonds if Rail TexDOT Agrees to “Buy Out” Remaining Bonds if Rail Constructed in Corridor in Distant Future.Constructed in Corridor in Distant Future.
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
• Key Provision for Transit.Key Provision for Transit.
• HCTRA Agrees to Always Price the Managed Lanes to HCTRA Agrees to Always Price the Managed Lanes to
Assure 55 MPH Operating Speed - Even in Peak Hours.Assure 55 MPH Operating Speed - Even in Peak Hours.
• Busses Have Free Usage - Plus Direct Access To/From BRT Busses Have Free Usage - Plus Direct Access To/From BRT
Center Park and Rides.Center Park and Rides.
• Essentially a Four Lane, Two Directional Free-Flowing Essentially a Four Lane, Two Directional Free-Flowing
“Busway”.“Busway”. Shared with, Shared with, and paid for byand paid for by, toll paying vehicles (managed , toll paying vehicles (managed
through pricing)through pricing)
Using Price to Manage DemandUsing Price to Manage Demand
Broad Support for the I-15Broad Support for the I-15Managed Lanes ProjectManaged Lanes Project
•StakeholdersStakeholders Elected Officials support the projectElected Officials support the project Technical stakeholders look to repeat previous successTechnical stakeholders look to repeat previous success
•Focus GroupsFocus Groups Broad support for project, especially Bus Rapid Transit Broad support for project, especially Bus Rapid Transit Current FasTrak customers showed strongest supportCurrent FasTrak customers showed strongest support
•Intercept Surveys (50 carpoolers/50 transit riders along I-Intercept Surveys (50 carpoolers/50 transit riders along I-15 Corridor)15 Corridor)
92% of carpoolers thought FasTrak lanes were “fair to 92% of carpoolers thought FasTrak lanes were “fair to them”them”
94% of transit riders thought FasTrak lanes were “fair to 94% of transit riders thought FasTrak lanes were “fair to them”them”
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
Good Idea to Have Time Saving Good Idea to Have Time Saving Option on I-15Option on I-15
Don’t Know
2%Strongly Disagree
3%
Somewhat Disagree
4%
Somewhat Agree
21%
Strongly Agree
70%
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
Approval of FasTrak Program on I-Approval of FasTrak Program on I-1515
Approve
88%
Don’tKnow
1%
Disapprove
11%
Don’tKnow
6%Disapprove
28%
FasTrak Customer Other I-15 Users
Approve66%
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
FasTrak Program Reduces FasTrak Program Reduces Congestion on I-15Congestion on I-15
StronglyAgree
65%
Somewhat
Agree
25%
Somewhat
Disagree
5%
StronglyDisagree
5%
StronglyAgree
42%Somewha
tAgree
31%
Somewhat
Disagree
11%
StronglyDisagree
14%
Don’tKnow
2%
FasTrak Customer Other I-15 Users
ENGINEERSPLANNERS
ECONOMISTS
Wilbur Smith Associates
Don’tKnow
5%
Extend ExpressLanes
37%
AddRegularLanes
26%
BuildOtherRoads
21%Add
Transit
11%
FasTrak Customer Other I-15 Users
Single Most Effective Way toSingle Most Effective Way toReduce Congestion on I-15Reduce Congestion on I-15
Key Ingredient: Value PricingKey Ingredient: Value Pricing
• Manages Demand to Keep Lanes Flowing -Manages Demand to Keep Lanes Flowing -Preserves Critical Time Savings Advantage.Preserves Critical Time Savings Advantage. For toll paying vehiclesFor toll paying vehicles For BRT (“Virtual” Busway)For BRT (“Virtual” Busway)
• Generates Revenue.Generates Revenue. For capital cost to get lanes built - (I-10 example)For capital cost to get lanes built - (I-10 example) For transit operating subsidies where HOV lanes exist (I-15 example)For transit operating subsidies where HOV lanes exist (I-15 example)
• Highway / Transit Cross Subsidy Not Really an Issue.Highway / Transit Cross Subsidy Not Really an Issue. Motorists are Motorists are voluntarilyvoluntarily paying a toll for time savings benefits paying a toll for time savings benefits theythey
receivereceive Not simply a toll for the benefit of a mode they are not usingNot simply a toll for the benefit of a mode they are not using
• Pricing Provides a “Built-In” Incentive to Shift to TransitPricing Provides a “Built-In” Incentive to Shift to Transit