HRTF Candidate Projects Presented to: Hampton Roads Transportation - - PowerPoint PPT Presentation
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
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
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Project Utility
(Project Effectiveness)
Industries
Economic Vitality
(Potential for Economic Gain)
Project Viability
(Project Readiness)
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HRTPO 2034 LRTP (Regionally Funded Construction Projects) Supporting HRTPO Resolution Legally Eligible Project Cost ≥ $100 Million Eligible Project Miscellaneous Comments I‐64 Peninsula Widening Segment 1 ‐ Jefferson Ave (exit 255) to Ft. Eustis Blvd (exit 250)1 $100 I‐64 Peninsula Widening Segment 2 ‐ Ft. Eustis Blvd (exit 250) to Route 199 East of Williamsburg (exit 242)* $160 I‐64 Interchange Improvement at Ft Eustis Blvd* $150 I‐64 Peninsula Widening Segment 3 ‐ Route 199 East of Williamsburg (exit 242) to Route 199 West of Williamsburg (exit 234)* $90 Third Crossing ‐ Patriots Crossing (w/ Craney Island Connector2)* $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 (Hampton Blvd to I‐264) $2,100 ‐ Underway 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 interchanges) $150 YES 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) to 1.52 mi N. of Lakeside Dr (Dare Rd)) $33 ‐ Underway 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.
Candidate Project YOE Project Cost** (in Millions)
Eligibility based on HRTF Guiding Principles
Third Crossing I‐64 Peninsula Widening (Jefferson Avenue to Route 199 East) (6‐Lane Option) YES
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HRTPO 2034 LRTP (Regionally Funded Construction Projects) Supporting HRTPO Resolution Legally Eligible Project Cost ≥ $100 Million Eligible Project Miscellaneous Comments Atkinson Blvd (Jefferson Ave to Warwick Blvd) $10 ‐ Route 17 (George Washington Memorial Hwy) (1.52 mi N. of Lakeside Dr (Dare Rd) to Denbigh Blvd) $8 ‐ 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 ‐ Craney Island Access Road (2 lanes; VA‐164 to Craney Island Marine Terminal) $436 ‐ Regional/VPA Funding Commitment WATA Administrative Operations Center $9 ‐ Not Legally Eligible NN Multimodal High‐Speed and Intercity Passenger Rail Stations Development $20 ‐ Not Legally Eligible Southeastern Parkway and Greenbelt* $2,500 ‐ Termination of Env. Review Process ‐ 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.
Eligibility based on HRTF Guiding Principles
Candidate Project YOE Project Cost** (in Millions)
$3.6 billion estimated revenue generated in Hampton Roads from the Statewide additional funding. $5.5 billion estimated revenue for the regional Hampton Roads Transportation Fund. $9.1 billion estimated total revenue generated in Hampton Roads over the next 20 years.
Figure 1
$‐ $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00 $7,000.00 $8,000.00 $9,000.00 $10,000.00 Cumulative Revenues (Millions) Fiscal Year Hampton Roads Estimated Portion of Statewide Funding from HB2313 Hampton Roads Transportation Fund (HRTF) 6
$2.7 billion1 available from estimated revenue generated in Hampton Roads from the Statewide additional funding beginning FY 2021. $5.45 billion2 estimated revenue for the regional Hampton Roads Transportation Fund. $8.15 billion estimated total revenue available to Hampton Roads over the next 20 years.
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* 1 ‐ Excludes “Statewide” revenues generated in Hampton Roads through FY 2020 based
session, which permits the CTB to allocate up to $500 million per year. * 2 ‐ Excludes $50 Million set aside for Franklin and Southampton County. $‐ $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00 $7,000.00 $8,000.00 $9,000.00 $10,000.00 Cumulative Revenues (Millions) Fiscal Year Hampton Roads Estimated Portion of Available Statewide Funding from HB2313 Hampton Roads Transportation Fund (HRTF) 7
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HRTF HR Generated Statewide Revenues I‐64 Peninsula Widening (6‐Lane Option) I‐64 Peninsula Segment 1 ‐ Jefferson Avenue to Ft. Eustis Blvd1 $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 Connector2) $3,000 $750 ‐ $150 $600 $1500 6 $2 3 I‐664 Widening including Bowers Hill Interchange $3,000 $750 ‐ $150 $600 $1500 6 $2 4 BOTH Patriot Crossings and I‐664 Widening including Bowers Hill Interchange $5 5 I‐64 Southside Widening I‐64 Southside including High Rise Bridge $1,700 $160 ‐ $32 $128 $1,380 6 $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 $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 ‐ Based 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
BALANCE Funding Sources Project YOE Cost* State Federal Debt Service Estimated Toll HB2313
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HRTF HR Generated Statewide Revenues I‐64 Peninsula Segment 1 ‐ Jefferson Avenue to Ft. Eustis Blvd1 $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 ‐ ‐ Patriots Crossings (with Craney Island Connector2) $3,000 $1,500 ‐ $150 $600 $7504 I‐664 Widening including Bowers Hill Interchange $3,000 $1,500 ‐ $150 $600 $7504 Total $6,000 $3,000 ‐ $300 $1,200 $1,5004 $2 3 I‐64 Southside including High Rise Bridge $1,700 $160 ‐ $32 $128 $1,3804 $2 I‐64/I‐264 Interchange $310 $31 ‐ $31 $248 ‐ ‐ US Route 460/58/13 Connector including SPSA and Airport interchanges $150 $75 ‐ $75 ‐ ‐ ‐ TOTAL $8,660 $3,306 $0 $498 $1,976 $2,880 $2,144 $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 ‐ Based on building both Patriots Crossing and Widening I‐664 with a $2 toll on both I‐64 HRBT and I‐664 MMMBT. 4 ‐ 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
Funding Sources Project YOE Cost* HB2313 State Federal Debt Service Estimated Toll BALANCE I‐64 Peninsula Widening (6‐Lane Option) HR Third Crossing I‐64 Southside Widening I‐64/I‐264 Interchange US Route 460/58/13 Connector
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HRTF HR Generated Statewide Revenues I‐64 Peninsula Widening (6‐Lane Option) I‐64 Peninsula Segment 1 ‐ Jefferson Avenue to Ft. Eustis Blvd1 $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 Patriots Crossings (with Craney Island Connector2) $3,000 $2,000 $250 $150 $600 $0 $0 I‐664 Widening including Bowers Hill Interchange $3,000 $2,000 $250 $150 $600 $0 $0 I‐64 Southside Widening I‐64 Southside including High Rise Bridge $1,700 $1,304 $236 $32 $128 $0 $0 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 $5,450 $736 $498 $1,976 $0 ‐ $0 $1,964 * ‐ 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.
Prepared By HRTPO, October 2013
BALANCE Project YOE Cost* State Federal Debt Service Estimated Toll Funding Sources HB2313
Commit $736 million of Statewide revenues generated in Hampton Roads to HRTF Candidate Projects. $5.45 billion estimated revenue for the Hampton Roads Transportation Fund (HRTF). $6.2 billion available to fund HRTF “No Toll Package.” $2 billion available for “Other Regionally Significant Projects.”
Figure 3
$‐ $1,000.00 $2,000.00 $3,000.00 $4,000.00 $5,000.00 $6,000.00 $7,000.00 $8,000.00 $9,000.00 $10,000.00 Cumulative Revenues (Millions) Fiscal Year Hampton Roads Estimated Portion of Available Statewide Funding from HB2313 Proposed HR Portion of Statewide HB2313 to Fund HRTF "No Toll Package" Hampton Roads Transportation Fund (HRTF) 12
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US 460 Relocated
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Prepared by the HRTPO, October 2013
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MAP 1: HRTF CANDIDATE PROJECTS
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Source: VDOT/HRTPO
Total Cost of HRTF Candidate Projects: $8,660 Million
I‐64 Southside Widening $1.7 Billion I‐64 Southside Widening (includes High‐Rise Bridge) I‐64/I‐264 Interchange Improvements $310 Million I‐64/I‐264 Interchange US Route 460/58/13 Connector SPSA Overpass at Regional Landfill HR Executive Airport Overpass $150 Million US Route 460/58/13 Connector I‐64 Peninsula Widening (Interim 6‐Lane Option) $160 Million Segment 2 ‐ Ft. Eustis Blvd (exit 250) to Route 199 East of Williamsburg (exit 242) $90 Million Segment 3 ‐ Route 199 East of Williamsburg (exit 242) to Route 199 West of Williamsburg (exit 234) $150 Million
$100 Million Segment 1 ‐ Jefferson Ave (exit 255) to Ft. Eustis Blvd (exit 250)1 HR Third Crossing Bowers Hill Interchange $3 Billion Third Crossing ‐ I‐664 Wideining (includes Bowers Hill Interchange) $3 Billion Third Crossing ‐ Patriots Crossing (with Craney Island Connector)2
2 Craney Island Connector will be constructed and funded as part
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.
Note: Costs are expressed in Year‐of‐Expenditure dollars, which is a unit of cost that accounts for inflation through the development, construction, and opening of a project.
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– Enables the HRTPO to take Step #2
– Refine cost estimates – Evaluate financing options – Discuss methods of project delivery Future Steps
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