HRTF Candidate Projects Presented to: Hampton Roads Transportation Planning Organization Board October 17, 2013
HRTF Candidate Projects should meet one or more of the following: Be included in the HRTPO Board Approved 2034 Long ‐ Range Transportation Plan Be Supported by HRTPO Resolutions Be Legally Eligible Meet Regional Project Cost Threshold of $100 Million 2
2034 LRTP • Congestion • System Continuity and Connectivity Project Utility • Safety and Security • Cost Effectiveness (Project Effectiveness) • Regional Significance • Regionally ‐ Funded • Total Reduction in Travel Time Construction • Address the Needs of Basic Sector Economic Vitality Industries Projects (Potential for • Labor Market Access Economic Gain) • Increase Opportunity • Ongoing Studies • Impact on Truck Movement • Unfunded • % Funding Committed Projects for • % Design Complete Project Viability • Prior Planning Commitment Future • NEPA Documents/Decisions (Project Readiness) Consideration 3
Eligibility based on HRTF Guiding Principles YOE Project Cost** Candidate Project HRTPO 2034 LRTP (in Millions) Supporting (Regionally Funded Project Cost ≥ HRTPO Legally Eligible Eligible Project Miscellaneous Comments Construction $100 Million Resolution Projects) I ‐ 64 Peninsula Widening (Jefferson Avenue to Route 199 East) (6 ‐ Lane Option) I ‐ 64 Peninsula Widening Segment 1 ‐ Jefferson Ave (exit 255) to Ft. Eustis Blvd (exit $100 250) 1 I ‐ 64 Peninsula Widening Segment 2 ‐ Ft. Eustis Blvd (exit 250) to Route 199 East of $160 YES Williamsburg (exit 242)* I ‐ 64 Interchange Improvement at Ft Eustis Blvd* $150 I ‐ 64 Peninsula Widening Segment 3 ‐ Route 199 East of Williamsburg (exit 242) to $90 Route 199 West of Williamsburg (exit 234)* Third Crossing Third Crossing ‐ Patriots Crossing (w/ Craney Island Connector 2 )* $3,000 YES Third Crossing ‐ I ‐ 664 Widening (includes Bowers Hill Interchange) $3,000 YES I ‐ 64 Southside Widening (includes High Rise Bridge)* $1,700 YES Hampton Roads Bridge Tunnel (8 ‐ Lane Option)* $8,000 ‐ I ‐ 64/I ‐ 264 Interchange (including Witchduck Interchange)* $310 YES Downtown Tunnel/ Midtown Tunnel/MLK Extension $2,100 ‐ Underway (Hampton Blvd to I ‐ 264) US Route 460 (Hampton Roads portion) (Bowers Hill to Zuni) $1,396 ‐ Underway US Route 460/58/13 Connector (Suffolk Bypass to I ‐ 664, includes SPSA and Airport $150 YES interchanges) Dominion Blvd (0.05 mi N. of Great Bridge Blvd to 0.75 mi. S. of Cedar Road) $426 ‐ Underway Witchduck Rd (I ‐ 264 to Virginia Beach Blvd) $32 ‐ Lynnhaven Pkwy (Indian River Rd to Centerville Tnpk) $20 ‐ Route 17 (George Washington Memorial Hwy) (1.27 mi S. of Lakeside Dr. (Hampton Hwy) $33 ‐ Underway to 1.52 mi N. of Lakeside Dr (Dare Rd)) Holland Rd (Nimmo Pkwy to Dam Neck Rd) $26 ‐ * ‐ Project included in the 2034 LRTP as a Study or identified as an Unfunded Project for Future Consideration. ** ‐ YOE: Year ‐ of ‐ Exenditure is a unit of cost that accounts for inflation through the development, construction, and opening of a project. 1 ‐ I ‐ 64 Peninsula Widening Segment 1 ‐ Jefferson Avenue to Ft. Eustis Blvd is fully funded in FY2014 ‐ 2019 SYIP and therefore will not use HRTF revenues. 2 ‐ Craney Island Connector will be constructed and funded as part of the port expansion project and therefore will not use HRTF revenues. 4
Eligibility based on HRTF Guiding Principles YOE Project Cost** Candidate Project HRTPO 2034 LRTP (in Millions) Supporting (Regionally Funded Project Cost ≥ HRTPO Legally Eligible Eligible Project Miscellaneous Comments Construction $100 Million Resolution Projects) Atkinson Blvd (Jefferson Ave to Warwick Blvd) $10 ‐ Route 17 (George Washington Memorial Hwy) (1.52 mi N. of Lakeside Dr (Dare Rd) to $8 ‐ Denbigh Blvd) Military Hwy at Northampton Blvd Continuous Flow Interchange $50 ‐ Route 58 (Holland Rd) (Suffolk Bypass to 0.7 mi. W. Manning Bridge Rd) $75 ‐ Laskin Rd (Oriole Dr to 30th/31st St) $23 ‐ Laskin Rd (Republic Rd to Oriole Dr) $67 ‐ Indian River Rd (Lynnhaven Pkwy to Elbow Rd) $73 ‐ Lesner Bridge (E. Stratford Rd to Page Ave) $89 ‐ Underway Elbow Rd/Dam Neck Rd (Indian River Rd to VA Beach Amphitheater) $49 ‐ Regional/VPA Funding Craney Island Access Road (2 lanes; VA ‐ 164 to Craney Island Marine Terminal) $436 ‐ Commitment WATA Administrative Operations Center $9 ‐ Not Legally Eligible NN Multimodal High ‐ Speed and Intercity Passenger Rail Stations Development $20 ‐ Not Legally Eligible Termination of Env. Review Process Southeastern Parkway and Greenbelt* $2,500 ‐ ‐ FR Nov 2010 High ‐ Speed and Intercity Passenger Rail* ‐ ‐ Not Legally Eligible Virginia Beach Transit Extension* $1,000 ‐ Not Legally Eligible Route 60 Relocation* $63 ‐ Skiffes Creek Connector* $35 ‐ Croaker Road* $13 ‐ Longhill Road* $12 ‐ ATI Interchange* $61 ‐ * ‐ Project included in the 2034 LRTP as a Study or identified as an Unfunded Project for Future Consideration. ** ‐ YOE: Year ‐ of ‐ Exenditure is a unit of cost that accounts for inflation through the development, construction, and opening of a project. 5
Figure 1 HB2313 Revenues Generated in Hampton Roads over 20 Years $3.6 billion estimated revenue $10,000.00 generated in Hampton Roads from $9,000.00 the Statewide additional funding. $8,000.00 Cumulative Revenues (Millions) $7,000.00 $6,000.00 $5,000.00 $5.5 billion estimated revenue for $4,000.00 the regional Hampton Roads $3,000.00 Transportation Fund. $2,000.00 $1,000.00 $ ‐ $9.1 billion estimated total revenue generated in Hampton Fiscal Year Roads over the next 20 years. Hampton Roads Estimated Portion of Statewide Funding from HB2313 Hampton Roads Transportation Fund (HRTF) 6
Figure 2 HB2313 Revenues Available * to Hampton Roads over 20 Years $2.7 billion 1 available from estimated $10,000.00 revenue generated in Hampton $9,000.00 Roads from the Statewide additional Cumulative Revenues (Millions) $8,000.00 funding beginning FY 2021. $7,000.00 $6,000.00 $5,000.00 $4,000.00 $5.45 billion 2 estimated revenue for $3,000.00 the regional Hampton Roads $2,000.00 Transportation Fund. $1,000.00 $ ‐ Fiscal Year $8.15 billion estimated total revenue Hampton Roads Estimated Portion of Available Statewide Funding from HB2313 available to Hampton Roads over Hampton Roads Transportation Fund (HRTF) the next 20 years. * 1 ‐ Excludes “Statewide” revenues generated in Hampton Roads through FY 2020 based on the new construction formula approved during the 2012 General Assembly session, which permits the CTB to allocate up to $500 million per year. * 2 ‐ Excludes $50 Million set aside for Franklin and Southampton County. 7
Funding Sources HB2313 Estimated Project YOE Cost* HR Generated State Federal Debt Service Toll HRTF Statewide Revenues I ‐ 64 Peninsula Widening (6 ‐ Lane Option) I‐64 Peninsula Segment 1 ‐ Jefferson Avenue to Ft. Eustis Blvd 1 $100 ‐ ‐ $20 $80 ‐ ‐ I‐64 Peninsula Segment 2 ‐ Ft. Eustis Blvd to Route 199 East of Williamsburg $160 $16 ‐ $16 $128 ‐ ‐ I‐64 Interchange at Ft Eustis Blvd $150 $15 ‐ $15 $120 ‐ ‐ I‐64 Peninsula Segment 3 ‐ Route 199 East of Williamsburg to Route 199 West of Williamsburg $90 $9 ‐ $9 $72 ‐ ‐ HR Third Crossing Patriot Crossings (with Craney Island Connector 2 ) $1500 6 $2 3 $3,000 $750 ‐ $150 $600 $1500 6 $2 4 I‐664 Widening including Bowers Hill Interchange $3,000 $750 ‐ $150 $600 $5 5 BOTH Patriot Crossings and I ‐ 664 Widening including Bowers Hill Interchange I ‐ 64 Southside Widening $1,380 6 I‐64 Southside including High Rise Bridge $1,700 $160 ‐ $32 $128 $2 I ‐ 64/I ‐ 264 Interchange I‐64/I‐264 Interchange $310 $31 ‐ $31 $248 ‐ ‐ US Route 460/58/13 Connector US Route 460/58/13 Connector including SPSA and Airport interchanges $150 $75 ‐ $75 ‐ ‐ ‐ TOTAL $8,660 $1,806 $0 $498 $1,976 $4,380 BALANCE $3,644 $2,700 * ‐ YOE: Year‐of‐Expenditure is a unit of cost that accounts for inflation through the development, construction, and opening of a project. 1 ‐ I‐64 Peninsula Widening Segment 1 ‐ Jefferson Avenue to Ft. Eustis Blvd is fully funded in FY2014‐2019 SYIP and therefore will not use HRTF revenues. 2 ‐ Craney Island Connector will be constructed and funded as part of the port expansion project and therefore will not use HRTF revenues. 3 ‐ B ased on building only the Patriots Crossing with a $2 toll on both I‐64 HRBT and I‐664 MMMBT. 4 ‐ Based on only Widening I‐664 (including Bowers Hill Interchange) with a $2 toll on both I‐64 HRBT and I‐664 MMMBT. 5 ‐ Based on building both Patriots Crossing and Widening I‐664 with a $5 toll on both I‐64 HRBT and I‐664 MMMBT. 6 ‐ Bonding capacity assumptions: Interest Rate 4.5% per year over 60 year term with a debt service coverage of 1.33. Prepared By HRTPO, October 2013 8
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