Transportation Commission Workshop Insights and Cost Analysis
Explore the highlights from the Transportation Commission workshop on March 9, 2021, including asset management, program trade-off analysis, and cost comparisons for various investment options. Key information on funding, revenue forecasts, and program targets for future years are also detailed.
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Presentation Transcript
Transportation Commission Workshop March 9, 2021 Matt Haubrich Strategic Performance Division
Transportation Asset Management
Information to Inform Decisions Nov-2020 Integrated Corridor Management (ICM) study update Dec-2020 Interstate Plan and Prioritization Weighting Jan-2021 Bridge Management Feb-2021 Pavement Management Mar-2021 Program Trade-off Analysis May-2021 Draft Program Asset Management Summary 3
Program Trade-off Analysis
Cost Comparisons for Investment Options $10M investment results in: Not quite 1 mile of new expressway 4+ miles of 2-lane pavement reconstruction 21+ miles of pavement resurfacing 3+ bridge replacements New Expressway 2-lane Reconstruction Pavement Resurfacing Bridge Replacements 5
Program Summary Table below adapted from program development materials presented in previous Commission workshops Key assumptions: Flat revenue in outer years Interstate investment will be funded at approximately $330M per year Program targets for future years will be adopted by future Commission action Year 2022 675 2023 701 2024 694 2025 686 2026 686 2027 686 2028 686 2029 686 2030 686 2031 686 Revenue (forecast from March 2020) Non-Interstate Pavement Modernization (3R) Non-Interstate Bridge Modernization (BR) 115 65 25 205 182 201 383 138 726 (51) 140 101 25 266 146 112 258 227 751 (50) 145 110 25 280 153 69 222 218 720 (26) 150 126 25 301 177 125 302 102 705 (19) 155 140 25 320 170 69 239 93 652 34 165 155 25 345 175 145 330 27 702 (16) 175 170 25 370 180 150 330 52 752 (66) 185 185 25 395 185 145 330 50 775 (89) 190 190 25 405 190 140 330 50 785 (99) 195 195 25 415 195 135 330 50 795 (109) Safety Specific (SR) Non-Interstate Stewardship Interstate Stewardship (4R) Major Interstate (MI) Interstate Programs Non-Interstate Capacity/Enhancement (NR) Total Expenditures Net 6
Stewardship Funding Summary 900 800 700 600 500 400 300 200 100 0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Non-Interstate Stewardship Non-Interstate Capacity/Enhancement (NR) Interstate Programs Revenue (forecast from March 2020) 7
Stewardship Performance Comparison Non-Interstate Pavement Condition 85 80 75 70 65 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Non-Interstate Bridge Condition 85 80 75 70 65 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 8
Good roads cost less. If we maintain assets in good condition, we can minimize their lifecycle cost. In the long run, this allows us to invest in other priorities. How We Set Targets 9
Summary From previous presentations: We have a wave of bridges built in the 1960s and 1970s that are all getting to the point where major rehab or replacement is needed At current replacement rates, we re implicitly expecting pavements to last 120 years (40-year design life) Significant deterioration of pavements and bridges is forecast to occur without steady growth in stewardship spending. 10
Recommendations Target steady growth in overall stewardship spending in order to maintain a state of good repair across the primary highway system Limit future capacity expansion to locations with forecast congestion that cannot be addressed effectively through operational improvements. 11
