3 For two decades the Region has identified these projects M OVING - - PowerPoint PPT Presentation

HAMPTON ROADS TRANSPORTATION ACCOUNTABILITY COMMISSION

Economic Vitality and Quality of Life Unlocking Hampton Roads

HRTAC Overview Kevin B. Page Executive Director

12/20/2017

CONGESTION/FUTURE CONNECTIVITY

2040 Population 2040 Employment

2

The Stage is set for Regional Transportation Solution Consensus Building

• For two decades the Region has identified these projects

Unlocking Hampton Roads

3

MOVING THE REGIONFORWARD HRTAC/HRTFOverview

• Hampton Roads Transportation Fund created 2013 Acts of

Assembly HB2313

• HRTAC created 2014 Acts of Assembly HB1253 – Hired

Executive Director August 2015

• Empowered to procure, finance, build and operate

highway, bridge and tunnel projects in Hampton Roads

• Authorized to use HRTF monies and tolls for construction

projects on new or existing highways, bridges and tunnels and to issue bonds using revenues to support bond debt

• Regional Collaboration ‐ Works closely with the Hampton

Roads Transportation Planning Organization (HRTPO) who determines Project Prioritization for the region

Unlocking Hampton Roads

4

19 Voting members 4 Non‐Voting Ex‐officio members

Commonwealth Transportation Board Member Virginia Department of Transportation Virginia Department of Rail and Public Transportation Virginia Port Authority

• June 15, 2017 ‐ Michael Hipple elected Chair and Linda Johnson elected Vice‐Chair
• HRTAC is a political subdivision of the Commonwealth
• Primarily funded with HB 2313 revenue (Hampton Roads Transportation Fund)

approved by the 2013 General Assembly

10 Cities 4 Counties

Chesapeake Isle of Wight Franklin James City Hampton Southampton Newport News York Norfolk Poquoson 5 VA General Assembly Members Portsmouth Two Members of the Senate Suffolk Three Members of the House of Delegates Virginia Beach Williamsburg

HRTAC Membership

Unlocking Hampton Roads

5

HAMPTON ROADS TRANSPORTATION FUND

Additional Sales Tax

• ‐ Additional 0.7%
• $131.47M Revenue FY17 – ($129.97M

FY2015) Additional Fuels Tax

• ‐ Regional tax on motor fuels
• ‐ Additional 2.1% ‐ $25.03M Revenue FY17 –

($40.94M FY2015)

• Fuel tax not floored in 2013 – Loss of

around $20M per year

• No Floor on Gas Tax for HRTAC or NVTC/PRTC
• State Code requires HRTF funds to be spent

Hampton Roads highway construction projects

Unlocking Hampton Roads

6

Legislation: Congestion Relief

HRTAC (HB 1253, 2014)

• “…shall give priority to those projects that are expected

to provide the greatest impact on reducing congestion for the greatest number of citizens residing within Planning District 23…”

Statewide Prioritization Process (HB 2, 2014)

• “…Hampton Roads highway construction districts…shall

ensure that congestion mitigation…is weighted highest among the factors in the prioritization process…”

• 45% weighted factor in Hampton Roads

7

Unlocking Hampton Roads

• Allows investment and provides liability protections
• Allows counties to designate a representative
• Allows all localities to have representation at the meetings

if Chief Elected Officer or County Designee is unable to

• attend. Notice must be given 48 hours before meeting if

regular member is unable to attend

• Administrative and operating expenses shall be paid by

HRTAC Revenues

General Assembly – 2016 HRTAC Omnibus Bill HB1111 Fine Tuning HRTAC

8

Unlocking Hampton Roads

General Assembly Actions – 2016 Tolling

• Language within the State budget establishes new toll policy

restricting CTB, VDOT, HRTAC, and NVTA from tolling existing un‐tolled lanes without General Assembly approval except on:

• HOV/HOT Lanes
• New Lane capacity
• New bridges
• Short segments of highways between existing toll

facilities

• Legislation was adopted allowing better collection of unpaid toll bills

from other states

• HRTAC now has state guidance on tolling

9

Unlocking Hampton Roads

Defining the Roles of the HRTPO and HRTAC

Unlocking Hampton Roads

10

EVOLUTION OFHRTACProjects

• HRTPO Long Range Transportation Plan identifies priority projects in the

constrained plan or vision plan as under study/development/construction

• HRTAC develops a six‐year and long range plans of finance to guide in project

funding for development and construction – HRTAC feeds LRTP funding plans

• HRTAC allocates funds to specific projects, asks that the HRTPO add them to

the TIP

• The CTB selects the Local Preferred Alternative, maintains Statewide

Transportation Improvement Program, allocates state funding to projects in Six Year Improvement Program – awards Smart Scale funding

• VDOT assists in project readiness and construction through HRTAC/VDOT

MOA and HRTAC project construction agreements

Plan

• HRTPO (Long‐Range

Transportation Plan with HRTAC Input)

• Prioritizes Projects Based on

Project Readiness with HRTAC Input

Program

• HRTAC (Six‐Year and Long

Range Plans of Finance)

• CTB (Six‐Year Improvement

Program)

• HRTPO (Adds HRTAC Projects

to Transportation Improvement Program)

Finance & Deliver

• HRTAC (Regional Tax

Funding/Bonding, Toll Revenues/Bonding, and Smart Scale Grants – Contracts with VDOT or Others to Deliver Projects)

• VDOT – Smart Scale Funding

(Constructs Projects Contracted by HRTAC)

Unlocking Hampton Roads

11

2040 LRTP: Regional Priority Projects

• I‐64 Peninsula Widening
• I‐64/I‐264 Interchange

I

• I‐64 Southside Widening/High‐

Rise Bridge ‐ Phase 1

II

• Hampton Roads Crossing:

Alternative A ‐ HRBT

III

• I‐64 Southside Widening/High‐

Rise Bridge ‐ Phase 2

IV

• I‐64/Fort Eustis Blvd Interchange
• US Route 460/58/13 Connector
• Bowers Hill Interchange

V

‘Sequencing Based on Project Readiness’

A major step forward in Regional Consensus Building ‐ February 18, 2016

12

Unlocking Hampton Roads

13

Adopted HRTAC FY2018‐FY2023 –Six Year and 2040 Operating and Capital Plans of Finance for the Region’s High Priority Projects (With Toll Revenues to HRTAC)

• On September 21, 2017, HRTAC Adopted the HRTAC FY2018‐

FY2023 Funding Plan and the HRTAC 2040 Long Range Plan of Finance

• Assumptions:
• HRBT advances on schedule – enters SYIP 2019 completion 2024
• First bond activity FY2019 – all net toll revenues to HRTAC
• Smart Scale funding for HRTAC funded projects continues
• Minor adjustments were made to bring the proposed plan to reflect updated

project estimates and obligations of both HRTAC and VDOT

• June 2017 reduction in HRBT contingency by $200M
• June 2017 Smart Scale awards to two HRTAC projects
• Reduction in total project costs
• Return of the funding obligation by VDOT due to the use of federal funding to support total

project costs.

14

Unlocking Hampton Roads

Project Costs and Expenses &Funding Sources (With Toll Revenues to HRTAC)

15

HRTAC Projected Cash Flow FY 2018 to FY 2023 (With Toll Revenues to HRTAC)

Maintain General Reserve Balance at Minimum 10% of HRTF Revenue in Current Fiscal Year

16

Unlocking Hampton Roads

ADOPTED HRTAC 2040 LONG RANGE PLAN OF FINANCE UPDATE (with toll revenues to HRTAC)

17

Regional Projects: 2040 Long Range Plan $8.5B

YEAR PROJECT YOE COST ($M) 2018‐2022 I‐64 Peninsula – Segments 1, 2, and 3 $645 2019‐2021 I‐64/I‐264 Interchange – Phases I & II $347 2020 I‐64 Southside/High‐Rise Bridge – Phase I $600 2020 Project Development $37 2024 HRBT $3,799 2037 I‐64 Southside/High‐Rise Bridge – Phase II $1,729 2037 Bowers Hill Interchange $659 2038 US 460/58/13 Connector $396 2038 I‐64/Fort Eustis Blvd Interchange $320 Vision Plan I‐564/I‐664 Connectors (Patriots) I‐664/MMMBT VA 164/164 Connector 18

Unlocking Hampton Roads

Smart Scale (HB2) Funding

19

Unlocking Hampton Roads

• Smart Scale (Formerly known as HB2) funding is a

competitive prioritization process administered by the Commonwealth to advise the Commonwealth Transportation Board in its funding decisions.

• $144,927,753 awarded in June 2016 to the I‐64

Peninsula Widening Project

• $150,000,000 awarded on June 20, 2017
• $100,000,000 to the I‐64 Southside Widening/High Rise

Bridge Project

• $50,000,000 to the I‐64/I‐264 Interchange Phase II

Project

Unlocking Hampton Roads

20

Hampton Roads Crossing Study

A study that led to Unanimous Regional Decisions on October 20, 2016

HRBT ‐ Moving Forward

• March 16, 2017, HRTAC allocated $25M toward refinement of

HRCS Preferred Alternative

• HRCS SEIS is complete

 June 12, 2017, FHWA issued Record of Decision (ROD)

• Project’s planning‐level cost estimate $3.3B in 2016 dollars

(SEIS) ‐ $3.8B YOE

 Includes Construction, CEI, Large Contingency

• HRTAC, funding agent, is developing strategies to fund

construction

• VDOT, delivery agent, is evaluating delivery options and

initiating preliminary engineering

21

Unlocking Hampton Roads

HRBT ‐ Next Steps

Activity Date Expected Detail Level Screening Report July 2017 Draft Request for Qualifications and DB/DBFOM Term Sheets September 2017 Transportation P3 Steering Committee – Initial Finding of Public Interest October 2017 Statements of Qualifications due November 2017 Announcement of Shortlisted Teams January 2018 Indicative Price Proposals Due April 2018 Briefing to Transportation P3 Steering Committee on Delivery Method April 2018 Announcement of Delivery Method April 2018 Draft Request for Proposals May 2018 Final Request for Proposals September 2018 Commercial Close Early 2019

22

Unlocking Hampton Roads

23 23

The Road Ahead

Next Steps

24

Unlocking Hampton Roads

• HRTAC will continue work to develop solutions and continue

construction of HRTAC’s $1.6B approved/funded projects

• For HRBT ‐ HRTAC/VDOT will develop MOU to outline roles,

responsibilities and Stakeholder involvement to keep the Region informed

• HRTAC will work with HRTPO and impacted jurisdictions to

study the remaining projects not selected in the SEIS Alternative A

• Public discussion on how to fund the projects
• HRTAC will advance the FY2018‐FY2023 Funding Plan and 2040

Long Range Plan, calibrate funding options, seek public input, advance project readiness and continue preparations for bonding/financing of projects

www.hrtac.org

Unlocking Hampton Roads

12/20/2017

25