July 14, 2011 The Tollway Today Status of Congestion-Relief - - PowerPoint PPT Presentation

July 14, 2011

 The Tollway Today

• Status of Congestion-Relief

Program

• Financial health and budget
• Economic pressures and

challenges

 The Tollway Tomorrow

• Taking care of our existing system
• Potential future projects

 The Path Forward

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85% Complete

at end of 2010

$5B Invested

• n time, under budget

No State or Federal Funds

Congestion-Relief Program 2004-2016

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$192 million

for 2011 CRP projects

2011

Jane Addams Memorial Tollway (I-90) Genoa Rd. to U.S. Route 20 Roadway Rehabilitation, Resurfacing & Bridge Repairs Jane Addams Memorial Tollway (I-90) Barrington Rd. to Elgin Toll Plaza Roadway Rehabilitation, Resurfacing & Bridge Repairs Tri-State Tollway (I-94/I-294/I-80) IL-394 to 159th St., I-55 & Everett Rd. Bridge Rehabilitation I-90/I-294 Tri-Level Bridge Rehabilitation Tri-State Tollway (I-94/I-294/I-80) Balmoral Ave. Ramp Construction Systemwide Improvements Landscaping, pavement repairs, etc.

 Our budget must be balanced  Required financial formula protects bond

ratings and reinvests in system

 1st operating budget

cuts in agency’s history (4%)

 Continual drive for efficiency

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Reinvest

$174M

Maintenance & Operations

$255M

Debt Service

$251M

Projected 2011 Budget $680M

 Budget must be balanced  We must budget for:

 Operating costs  Debt service  Required deposits to the Renewal and Replacement account

 Maintain a 2X coverage ratio on debt service

to protect ratings

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 Forecast vs. actual  Economic impact  Outside influences

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 Management audit underway  Collected $5 million from Indiana toll violators  Exploring new non-toll revenues  Cost saving measures

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$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2015 2020 2025 2030 2034 ($ millions)

Total Revenue

(with Commercial Toll Increase)

($ millions) ($ millions) ($ millions)

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$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2015 2020 2025 2030 2034 ($ millions)

Total Revenue

(with Commercial Toll Increase)

($ millions)

Operating Expenses (3 percent growth rate)

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$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2015 2020 2025 2030 2034 ($ millions)

Total Revenue

(with Commercial Toll Increase)

($ millions)

5 percent growth rate Operating Expenses (3 percent growth rate)

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$- $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 2015 2020 2025 2030 2034 ($ millions)

Total Revenue

(with Commercial Toll Increase)

($ millions)

Net Debt Service 5 percent growth rate Operating Expenses (3 percent growth rate)

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 Chicago area has nation’s worst road congestion  Congestion costs the Chicago area between

$4 billion and $7 billion annually

 CMAP projects 2.5 million more people in

Northeast Illinois by 2040

 Tollway must define a 10-year plan by end of

2011

 Tollway Board of Directors has identified priority

projects

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Total: $6.1 Billion Through 2026

RECONSTRUCT & WIDEN Jane Addams Memorial Tollway (I-90) – $1.9 B (no transit) RECONSTRUCT Tri-State Tollway (I-94/I-294) – $1.2 B PRESERVE Reagan Memorial Tollway (I-88) – $610 M PRESERVE Veterans Memorial Tollway (I-355) – $400 M REPAIR Roads, Bridges & Maintenance Facilities – $1.39 B Other Capital Projects - $600 M

Maintenance Site Location

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RECONSTRUCT Tri-State Tollway (I-94/I-294) – $1.2 B PRESERVE Reagan Memorial Tollway (I-88) – $610 M PRESERVE Veterans Memorial Tollway (I-355) – $400 M REPAIR Roads, Bridges & Maintenance Facilities – $1.39 B Other Capital Projects - $600 M RECONSTRUCT & WIDEN Jane Addams Memorial Tollway (I-90) – $1.9 B (no transit) TAKE CARE OF EXISTING SYSTEM NEEDS IL ROUTE 53 NORTH EXTENSION JANE ADDAMS MEMORIAL TOLLWAY (I-90) ELGIN O’HARE WEST BYPASS I-294/I-57 INTERCHANGE ILLIANA

$1.9-$4.5 Billion

 Create a state-of-the-art roadway  Managed lanes = customer choice  Save 30 minutes Elgin to

Rosemont

 Planning for transit options,

possibly express bus service now and rail later

 Save $400 million if moved

up to 2012

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$2.2-$3.6 Billion

 Better links between O'Hare and surrounding

communities and businesses

 Save 18 minutes on 10-mile

trip from Hanover Park to Bensenville

 Creates opportunity for

65,000 total jobs by 2040

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$240-$570 Million

 New Interchange to link I-57 and

I-294

 Increases economic development

• pportunities throughout

the Chicago Southland

 Dramatically improve access to

local communities

 Direct freight access to south

suburbs

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$100 Million

Illinois Route 53 Extension

 New Advisory Committee to

develop environmentally sound roadway concept

 New, multi-modal design

approach

 75% favored extension in

2009 county-wide referendum

 Planning could begin in 2012

Illiana

 Improve mobility for people

and goods in Will County

 Stimulate economic growth

and enhanced freight mobility

 Environmental impact studies

expected to take 5-6 years

 Continue to support IDOT as

lead agency

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Job #1 - Take care of existing system through 2026 $6.1 Billion Projected revenue $5.1 Billion Projected funding gap $1 Billion Estimated range for potential new projects $2.5 -$6.9 Billion

 New Roads

• Fully rebuilt, state-of-the-art system
• Includes three CMAP GO TO 2040 Plan projects

 New Jobs

• Start driving the economy
• Regional economic development growth

 New Choices

• New access, interchanges and managed lanes

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 Smart investments now can

• Create more than 122,000 direct jobs

 $1 billion of annual construction

• Creates more than 13,000 construction-related

jobs annually

• Sustains those jobs for more than 14 years

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 Consider your input  Find a balance between available revenue

and potential projects

 Continue to use Tollway’s project evaluation criteria:

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Financial sustainability Community support Maximizing existing assets Promoting economic growth Fostering environmental responsibility Consistency with regional transportation plans

 Capital Planning Forums

• July 7 at 10 a.m. at Giovanni’s Restaurant , Rockford
• July 13 at 4 p.m. at the Tinley Park Village Hall
• July 14 at 3 p.m. at the Kane County Government Center, Geneva
• July 15 at 9 a.m. at the Lake County Permit Facility, Libertyville
• July 18 at 10 a.m. at the DuPage County Government Center, Wheaton

 Community Outreach

• Comments from communities and customers can be

submitted online at www.illinoistollway.com

 Tollway Board Review

• Written comments from Capital Planning Forum participants

and customers will be shared with Tollway Directors

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35% 6% 14% 16% 30%

Capital Expenditures

Tri-State Tollway (I-94/I-294/I-80) Jane Addams Memorial Tollway (I-90) Reagan Memorial Tollway (I-88) Veterans Memorial Tollway (I-3550 Other Systemwide

 Illinois Tollway

• perates as a

system of roadways

 Illinois Tollway

System serves Northern Illinois

 Revenue leveraged to benefit the

system

 Expansion supported by system

47% 22% 16% 15%

Revenue

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 Construction cost savings  Union contract negotiated savings  Employees per lane mile

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As of 12/31 Each Year

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