Your SlideShare is downloading. ×
Mike Heiligenstein of the CTRMA: The Central Texas Approach
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Mike Heiligenstein of the CTRMA: The Central Texas Approach

610

Published on

Presentation from Mike Heiligenstein, Executive Director of the Central Texas Regional Mobility Authority detailing the Central Texas approach.

Presentation from Mike Heiligenstein, Executive Director of the Central Texas Regional Mobility Authority detailing the Central Texas approach.

Published in: News & Politics, Sports, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
610
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. The Central Texas Approach Mike Heiligenstein Executive Director
  • 2. Texas Regional Mobility Authorities
    • #1 Central Texas
    • #2 Alamo
    • #3 Grayson County
    • #4 Northeast Texas
    • #5 Cameron County
    • #6 Hidalgo County
    • #7 Camino Real
  • 3. The Texas Model
    • Board of directors (appointed)
      • Local control
    • A multi-modal approach
      • Planes, trains, automobiles and more
    • Jurisdictional flexibility
      • Multiple counties
      • Non contiguous counties
    • Innovative contracting methods
      • Comprehensive development agreement
  • 4. The Texas Model
    • A blend of funding sources
      • Revenue bonds
      • Private equity
      • Private capital
      • Federal funds
      • State funds
      • Grants and loans
        • Toll Equity Grant
        • Texas Mobility Fund
        • TIFIA
        • SIB
      • Local contributions/taxes
      • Concession agreement
  • 5. Getting Started
    • Government loans, grants and donations create financial foundation
    • Revenue bonds or private investment provides primary capital
    • Tolls or fees generate revenue to meet debt obligations
    • As business increases, surplus revenue can be used to fund other regional mobility needs
    • Feasibility account in first bond financing issuance
  • 6. The Mobility Authority Process
    • The county or counties file a petition with the Transportation Commission for creation of a Mobility Authority
    • Commission reviews the application to insure all requirements have been met
    • TxDOT conducts public hearing(s)
    • Transportation Commission reviews application and public comment before determining whether to authorize
  • 7. The Central Texas Regional Mobility Authority
    • 1st regional mobility authority in Texas
    • Began operation in January 2003
    • Bi-county agency with seven member board
    • Initial focus regional toll road plan
  • 8. First Project
    • Originally proposed in 1982
    • Being built under a Comprehensive Development Agreement
      • Design/build process
      • Contractor assumes risk
      • Guaranteed maximum price of $166 million
      • Guaranteed completion March 2007
      • Public involvement activities included
  • 9. Benefits of CDA Process
    • Fosters innovation
    • Best value approach
    • Expedited schedule
    • Reduced risk
  • 10. Sources of Funding Senior Lien Bonds $167,967,611 BANS (Bond Anticipation Notes ) $66,000,000 TxDOT Equity $64,700,000 Local Contributions (Right-of-Way) $18,000,000 TIFIA LOAN $66,000,000
  • 11. Next Project – 290E
    • 5.6 to 9 mile project running from U.S. 183 to SH 130 with possible extension past Manor to FM 973
    • First segment replicates CDA arrangement on 183A
    • Second segment planned as a concession
  • 12. Texas’ First Concession Agreement – SH 130
    • SH 130
      • Part of Trans Texas Corridor
      • Cintra-Zachry financing completion from Austin to Seguin
      • $25 million upfront concession payment
      • TxDOT to share toll revenue, eventually reaching 50/50 split
      • Southern half financed under CDA agreement and managed by TxDOT
  • 13. The Central Texas Approach Mike Heiligenstein Executive Director

×