Conference on California Infrastructure 03062008

The Bay Area Toll Authority - Back to the Future?: 

The Bay Area Toll Authority - Back to the Future? Conference on California Infrastructure March 6, 2008 Steve Heminger Executive Director

Back to the Future? : 

Back to the Future? California Toll Bridge Authority Separate from the California Division of Highways – predecessor of Caltrans

Bay Area’s Network: 

Bay Area’s Network The Metropolitan Transportation Commission (MTC) is the regional transportation planning organization for the San Francisco Bay Area 400 miles of carpool lanes 1,400 miles of highway 19,000 miles arterial streets 7,000 miles of transit routes

Bay Area’s Toll Bridges: 

Bay Area’s Toll Bridges The Bay Area Toll Authority (BATA) oversees seven state-owned toll bridges in the San Francisco Bay Area San Francisco-Oakland Bay San Mateo-Hayward Dumbarton Richmond-San Rafael Carquinez Benicia-Martinez Antioch * * Golden Gate Bridge owned and operated by the Golden Gate Bridge, Highway and Transportation District (GGBHTD)

Bay Area’s Toll Bridges : 

Bay Area’s Toll Bridges

Toll Structure and Revenues: 

Toll Structure and Revenues Toll Structure Regional Measure 1 (1989) $1 Seismic Surcharge (1998) $1 Regional Measure 2 (2004) $1 Seismic Surcharge (2007) $1 Total Auto Toll $4 Annual Toll Revenues Regional Measure 1 (1989) $130 M Seismic Surcharge (1998) $120 M Regional Measure 2 (2004) $120 M Seismic Surcharge (2007) $120 M Total Annual Revenues $490 M

Earthquakes: 

Earthquakes 1989 Loma Prieta 6.9 Magnitude 60 miles from SF

Toll Bridge Seismic Retrofit Program: 

$8.7 Billion Retrofit Program on the following bridges: San Mateo-Hayward (2000) Carquinez (2002) Benicia-Martinez (2002) Richmond-San Rafael (2005) San Francisco-Oakland Bay (Under Construction) Toll Bridge Seismic Retrofit Program

Seismic Retrofit Program Status: 

Seismic Retrofit Program Status

SFOBB East Span Seismic Safety Replacement Project: 

SFOBB East Span Seismic Safety Replacement Project Skyway SAS YBI Transition

SFOBB East Span Seismic Safety Replacement Project: 

SFOBB East Span Seismic Safety Replacement Project

Oakland Touchdown Contract: 

Oakland Touchdown Contract

Oakland Touchdown Contract: 

Oakland Touchdown Contract

Skyway: 

Skyway

SAS E2/T1 Foundations: 

SAS E2/T1 Foundations

SAS T1 Tower Foundation: 

SAS T1 Tower Foundation

SAS Contract: 

SAS Contract

SAS Contract: 

SAS Contract

Yerba Buena Island – Labor Day 2007: 

Yerba Buena Island – Labor Day 2007

Yerba Buena Island Detour Contract: 

Yerba Buena Island Detour Contract

Yerba Buena Island Detour Contract: 

Yerba Buena Island Detour Contract

SFOBB West Approach Project: 

SFOBB West Approach Project

SFOBB West Approach Project: 

SFOBB West Approach Project

Regional Measure 1 Program: 

$2.4 Billion Congestion Relief and Capital Improvement Program including: Regional Measure 1 Program San Mateo-Hayward Bridge Widening (2003) New Carquinez Bridge (2004) Richmond-San Rafael Bridge Trestle Replacement (2005) Richmond-San Rafael Bridge Deck Overlay (2006) New Benicia-Martinez Bridge (2007) I-880/SR-92 Interchange Reconstruction (Construction)

Regional Measure 1 Program Status: 

Regional Measure 1 Program Status

New Carquinez Bridge (2003): 

New Carquinez Bridge (2003)

Benicia-Martinez Bridge (2007): 

Benicia-Martinez Bridge (2007)

Benicia-Martinez Bridge (2007): 

Benicia-Martinez Bridge (2007)

880/92 Interchange Project: 

880/92 Interchange Project

Regional Measure 2Capital Project Program: 

Regional Measure 2 Capital Project Program The RM2 funding program is primarily oriented towards transit alternatives RM2 provides partial funding to projects, balance provided by project sponsor If funding or project fails, BATA can reallocate funding to different project in the same bridge corridor

Regional Measure 2 Operating Program: 

Regional Measure 2 Operating Program RM2 provides a key source of funding for a variety of new transit services Operating cost payments are subordinated to debt service

BATA’s Debt Portfolio: 

BATA’s Debt Portfolio Current BATA debt portfolio is $5.4 billion $2.5 billion fixed rate debt $2.9 billion variable rate debt The weighted cost of the entire “AA” portfolio is $ 4.20%, as of January 2008 BATA’s goal to deliver the entire $12 billion toll construction program within the $4.00 toll structure

BATA’s Efficient Credit: 

BATA’s Efficient Credit

BATA’s Strong Credit: 

BATA’s Strong Credit

FasTrak® Electronic Toll Collection System: 

FasTrak® Electronic Toll Collection System

Strong FasTrak® Account Growth: 

Strong FasTrak® Account Growth

Increasing FasTrak® Usage: 

Increasing FasTrak® Usage

Expanding FasTrak® Options: 

Expanding FasTrak® Options

2035 Regional Transportation Plan: 

2035 Regional Transportation Plan Vision Performance Objectives Economy Environment Equity Infrastructure alone does not achieve objectives Pricing will have a bigger effect

Regional HOT Network: 

Regional HOT Network HOT Network introduces pricing; revenue pays to expand carpool lane and express bus systems Demonstration HOT lanes in Alameda, Santa Clara Counties

Regional HOT Network Study: 

Regional HOT Network Study HOT network could: Help manage HOV lanes Reduce delay and emissions Be phased in by 2025 Pay for itself over 30-years, freeing up STIP revenue Must be approached as a regional network New institutional arrangements required for governance and revenue pooling

Accountability: 

Accountability AB 144 established the Toll Bridge Program Oversight Committee, composed of Director of the California Department of Transportation (Caltrans), and the Executive Directors of the California Transportation Commission (CTC) and the Bay Area Toll Authority (BATA), to be accountable for delivering the SRP.

Unfinished Business: 

Unfinished Business Dumbarton and Antioch Bridge Retrofits Bike/Pedestrian Access – 2 ½ bridges to go Regional Measure 3 Open Road Tolling Asset Ownership?