North Carolina Turnpike Authority Board of Directors Meeting August - - PowerPoint PPT Presentation

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North Carolina Turnpike Authority Board of Directors Meeting August - - PowerPoint PPT Presentation

Feb 02, 2024 146 likes •840 views

North Carolina Turnpike Authority Board of Directors Meeting August 2, 2018 4 th Quarter Triangle Expressway Update - Operations & Customer Service Kristen Pearce Back Office System Manager 2 TriEx Operations & Customer Service Update

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North Carolina Turnpike Authority

August 2, 2018 Board of Directors Meeting

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4th Quarter Triangle Expressway Update - Operations & Customer Service

Kristen Pearce Back Office System Manager

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Transaction Statistics

TriEx Operations & Customer Service Update

0 M 1 M 2 M 3 M 4 M 5 M Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY17 - Q1 FY17 - Q2 FY17 - Q3 FY17 - Q4 FY18 - Q1 FY18 - Q2 FY18 - Q3 FY18 - Q4 2009 Certified Transaction Projection Actual Transactions

FY17 - Q1 FY17 - Q2 FY17 - Q3 FY17 - Q4 FY18 - Q1 FY18 - Q2 FY18 - Q3 FY18 - Q4 Actual Transactions 11,570,102 11,706,855 11,561,253 12,675,376 12,566,202 12,657,190 12,232,513 13,780,931 2009 Certified Traffic and Revenue1 10,440,591 9,788,054 10,918,982 10,748,373 11,300,881 10,762,744 11,486,687 11,486,688 Delta 1,129,511 1,918,801 642,271 1,927,003 1,265,321 1,894,446 745,826 2,294,243 Percent of Actual vs. 2009 Base Case 111% 120% 106% 118% 111% 118% 106% 120%

1Target monthly transaction data based on annualized numbers contained in the 2009 Certified Traffic and Revenue Report developed by CDM Smith

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Toll Transactions by Type

TriEx Operations & Customer Service Update

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% M 1 M 2 M 3 M 4 M 5 M Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 FY 2017 FY 2018 ETC Transactions Video Transactions ETC %

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Monthly Transponders Sold

TriEx Operations & Customer Service Update

2,000 4,000 6,000 8,000 10,000 12,000 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 FY 2017 FY 2018 Sticker Hard Case Exterior

Total Transponders Sold: 397,704

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4th Quarter Triangle Expressway Update – Finance

David Roy Director of Finance

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TriEx Finance Update

Revenue Statistics

$0 M $1 M $2 M $3 M $4 M $5 M Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun FY17 - Q1 FY17 - Q2 FY17 - Q3 FY17 - Q4 FY18 - Q1 FY18 - Q2 FY18 - Q3 FY18 - Q4 2009 Certified Revenue Projection Actual Revenue

FY17 - Q1 FY17 - Q2 FY17 - Q3 FY17 - Q4 FY18 - Q1 FY18 - Q2 FY18 - Q3 FY18 - Q4 Actual Revenue1 $ 10,210,606 $ 10,802,362 $ 11,371,706 $ 11,625,254 $ 11,938,800 $ 11,810,005 $ 12,206,584 $ 12,982,210 2009 Certified Traffic and Revenue2 $ 7,913,993 $ 7,419,368 $ 8,468,479 $ 8,336,160 $ 8,735,177 $ 8,319,217 $ 9,332,303 $ 9,332,303 Delta ($) $ 2,296,613 $ 3,382,994 $ 2,903,227 $ 3,289,094 $ 3,203,623 $ 3,490,788 $ 2,874,281 $ 3,649,907 Percent of Actual vs. 2009 Base Case 129% 146% 134% 139% 137% 142% 131% 139%

1Actual revenue is reported on a cash basis 2Target monthly revenue data based on annualized numbers contained in the 2009 Certified Traffic and Revenue Report developed by CDM Smith

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Q1 = $10.2 M Q1 = $8.7 M Q1 = $11.9 M Q2 = $10.8 M Q2 = $8.3 M Q2 = $11.8 M Q3 = $11.4 M Q3 = $9.3 M Q3 = $12.2 M Q4 = $11.6 M Q4 = $9.3 M Q4 = $13.0 M

$0 M $5 M $10 M $15 M $20 M $25 M $30 M $35 M $40 M $45 M $50 M FY17 Actual (Total = $44.0M) FY18 Projections (Total = $35.7M) FY18 Actual (Total = $48.9M)

Revenue Statistics

TriEx Finance Update

  • Revenue figures are inclusive of all toll revenue and fees, but exclude transponder revenues (YTD = $418,102.98)
  • Actual revenues reported on a cash basis

YTD revenues 37.0% higher than financing base case projections YTD revenues up 11.2% year-over-year

FY 18 – 4th Quarter

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Q1 = $3.6 M Q1 = $4.5 M Q1 = $3.5 M Q2 = $3.9 M Q2 = $4.5 M Q2 = $4.7 M Q3 = $3.9 M Q3 = $4.6 M Q3 = $4.4 M Q4 = $4.9 M Q4 = $4.6 M Q4 = $5.5 M

$0 M $5 M $10 M $15 M $20 M FY17 Actual (Total = $16.3M) FY18 Projections (Total = $18.2M) FY18 Actual (Total = $18.0M)

TriEx Finance Update

Operating Expenditures

  • Actual operating expenditures reported on a cash basis

YTD expenditures 1.2% lower than projected budget

FY 18 – 4th Quarter

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4th Quarter Triangle Expressway Update – Maintenance Report

Dennis Jernigan, P.E. Director of Highway Operations

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TriEx Maintenance Report

Mainline Traffic Statistics

FY17 Q4 AWT = 48,900 FY18 Q4 AWT = 53,000

8% Increase

FY17 Q4 AWT = 19,200 FY18 Q4 AWT = 20,300

5% Increase

FY17 Q4 AWT = 19,000 FY18 Q4 AWT = 22,100

11% Increase

FY17 Q4 AWT = 36,600 FY18 Q4 AWT = 40,000

9% Increase

Q4: April - June AWT: Average Weekday Traffic

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TriEx Maintenance Report

98.1 98.9 98.5 99.2 98.7 100.0 97.9 97.8 96.8 98.1 83.2 87.6 87.7 97.3 89.0 90.4 92.5 92.2 91.3 91.6 85.2 82.4 83.8 88.3* 84.4 90.9 91.1 91.3 94.0* 91.7 Unpaved Shoulders and Ditches Road Surface Drainage Structures Roadside Traffic Control Devices Overall Q1 FY 2018 Q2 FY 2018 Q3 FY 2018 Q4 FY 2018 Rolling Rating

Roadway Maintenance Statistics

* Excludes Pavement Striping/Marking, Characters and Symbols, and Pavement Markers characteristics..

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Monroe Construction Update

Christopher Sweat, P.E. Summit Engineers

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Monroe Expressway Overview

Monroe Construction Update

  • 20-mile long expressway
  • 4 to 6 lanes wide (expandable to median)
  • 37 bridges
  • 21 box culverts
  • 8 interchanges
  • Open Road Tolling

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Important Dates

Monroe Construction Update

  • Phased ITS Integration

May 2018 thru September 2018

  • Substantial Completion

November 27, 2018

  • Final Completion

May 28, 2019

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Monroe Construction Update

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Monroe Bypass Constructors, LLC

Monroe Bypass Constructors is a Joint Venture comprised of three companies: United Infrastructure Group, Inc. Anderson Columbia Company, Inc. Boggs Paving, Inc.

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Monroe Construction Update

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Toll Zone Progress

Monroe Construction Update

  • AET-8 has been accepted.
  • AET-7 has been accepted. Factory Acceptance Testing

(FAT) will be Aug. 6-10.

  • AET-6 has been accepted.
  • AET-5 has been accepted.
  • AET-4 has been accepted.
  • AET-3 should be accepted next week.
  • AET-2 accepted by Sept. 1.

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Monroe Construction Update

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Marshville Area (3B)

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Monroe Construction Update

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Expressway Bridge over CSX RR and US 74WB (3B)

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Monroe Construction Update

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Expressway Bridge over CSX RR and US 74WB (3B)

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Monroe Construction Update

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Toll Site #8 (3B)

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Monroe Construction Update

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Toll Site #8 (3B)

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Monroe Construction Update

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Forest Hill School Road (3B)

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Monroe Construction Update

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Austin Chaney Rd. Interchange (3A)

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Monroe Construction Update

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Toll Site #7 (2C)

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Monroe Construction Update

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Toll Site #7 (2C)

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Monroe Construction Update

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Olive Branch Rd. and NC 200 (2C)

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Monroe Construction Update

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Toll Site #6 (2C)

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Monroe Construction Update

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Toll Site #6 (2C)

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Monroe Construction Update

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US 601 Interchange (2C)

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Monroe Construction Update

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US 601 Interchange (2C)

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Monroe Construction Update

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Sound Wall 7B2 near Fowler Rd. (2C)

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Monroe Construction Update

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Sound Wall 7B2 near Fowler Rd. (2C)

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Monroe Construction Update

Toll Zone 5 and Sound Wall 7A (2B)

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Monroe Construction Update

Toll Zone 5 and Sound Wall 7A (2B)

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Monroe Construction Update

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Rocky River Road Interchange (2B)

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Monroe Construction Update

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Unionville-Indian Trail Interchange (2B)

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Monroe Construction Update

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Toll Site #5 (2B)

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Monroe Construction Update

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Secrest Shortcut Rd. and Sound Wall (2A)

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Monroe Construction Update

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Indian Trail-Fairview Road Interchange (2A)

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Monroe Construction Update

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Stinson Hartis Rd. (2A)

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Monroe Construction Update

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US 74 Interchange (1)

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Monroe Construction Update

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Stallings Rd. (1)

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Monroe Construction Update

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Elevated Section (1)

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Monroe Construction Update

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Elevated Section (1)

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Complete 540 Senior Underwriter Selection

David Roy Director of Finance

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Request for Qualifications

  • Select an underwriting team to support the

financing of Phase I of the Complete 540 project

  • Similar to the process used for the Monroe

Expressway financing in 2016

  • The RFQ was posted on May 29th

Complete 540 Senior Underwriter Selection

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Evaluation Criteria

Experience of Firm's Primary Personnel 25% Experience with Similar Transactions 20% Plan of Finance Discussion 20% Credit/Marketing Analysis 20% Pricing 15%

Complete 540 Senior Underwriter Selection

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Selection Process

Proposals Due The Selection Committee met to shortlist Senior Manager firms Interviews for shortlisted firms and selected recommended firm May 29th June 20th June 26th July 11th July 18th Finance Committee met to consider recommended firm

Selection Committee:

− Evan Rodewald, NCDOT Chief Financial Officer − David Roy, NCTA Director of Finance − David Miller, PFM

RFQ Posted Complete 540 Senior Underwriter Selection

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Next Steps

Selection Committee meets to select recommended Co-Managers Finance Committee meets to consider recommended firms NCTA Board Approval of recommended firms August 2nd August September 19th November 30th NCTA Board approval of recommended Senior Manager firm Complete 540 Senior Underwriter Selection

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Recommendation

  • 20 firms submitted Statements of

Qualification

– 8 firms proposed to serve in the role of Senior Manager

  • Shortlisted Firms for Senior Manager:

– Bank of America Merrill Lynch – Citi – J.P. Morgan – Wells Fargo

Complete 540 Senior Underwriter Selection

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Volvo Trucks/FedEx Platooning

Dennis Jernigan, P.E. Director of Highway Operations

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AVPG Designation

Volvo Trucks/FedEx Platooning

  • Triangle Expressway designated as a USDOT

Autonomous Vehicle Proving Ground in January 2017

  • First meeting with Volvo Trucks team in

March 2017

  • Collaborated with Volvo team, NCDOT and

NCDMV on platooning legislation that was passed in July 2017

  • Volvo submitted a plan for demonstration in

March 2018

  • Ordinances issued by NCDOT March 29, 2018
  • Demonstration began in early April 2018

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Details of Demonstration

Volvo Trucks/FedEx Platooning

  • Veridea Parkway served as the proving ground and southern

terminus of route

  • Davis/Hopson interchange was used as northern terminus of

route

  • Salt barn location at Green Level was used to store

tractors/trailers overnight

  • Demonstration occurred outside a.m. and p.m. peak periods
  • Trucks were spaced 75 to 100 feet apart as they traveled at

62 miles per hour

  • All tractors had licensed drivers, each with 15+ years driving

experience Safety Was Paramount In All Demonstrations

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Photo courtesy of The Associated Press

Volvo Trucks/FedEx Platooning

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Drivers: Ulysses, Justin, Cindy Technical Team: Franklin, Bob, George

Volvo Trucks/FedEx Platooning

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Volvo Trucks/FedEx Platooning

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Media Outlets

Volvo Trucks/FedEx Platooning

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Volvo Trucks/FedEx Platooning

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I-485 Project Update

Rodger Rochelle Chief Engineer Carly Olexik NCTA Communications Officer

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Public Open House Locations

I-485 Project Update

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I-485 Project Update

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  • 320+ people attended
  • Around 50 staff

answered questions

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I-485 Project Update

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Publicinput.com Website

July 2-31

I-485 Project Update

  • 401 Comments
  • 184,982 Views from

social media

  • 44,675 Direct views
  • 283 Participants
  • 1,404 Responses
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Geofencing

I-485 Project Update

  • 119,157 People

Reached

  • 4,655 Link Clicks
  • 185,478

Impressions

  • 286 Comments
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Next Steps

I-485 Project Update

  • New geofence ad encouraging residents

to provide feedback through the August 10 comment period

  • The project team is providing responses to

all comments received

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Thank You!

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