Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
NC Toll Roads Update Monroe and Garden Parkway Charlotte Transportation Summit  April 8, 2011 Reid Simons, Director of Com...
Charlotte Area Network Garden Parkway Monroe Bypass
Monroe Connector/Bypass <ul><li>Description: US 74 Bypass, provide substantial travel time savings, relieve congestion and...
Monroe Milestones/Schedule Record of Decision  August 2010 Selected Design-Build contractor  (United Infrastructure Group,...
Monroe Toll Collection Configuration
Monroe Estimated 2015  Toll Sensitivity Curve
Electronic Toll Rate Comparison   Triangle Expressway $0.153 Monroe Connector/ Bypass $0.130
Monroe Time and Cost Savings Traffic Signal 26 signals on US 74 between Marshville and I-485 Matthews Monroe Marshville Vi...
Garden Parkway
Garden Parkway Project Area
Garden Parkway <ul><li>Description:  Increase access between Gaston County and Charlotte, travel time savings, better conn...
Garden Parkway  Milestones/Schedule Final Environmental Impact Statement Completed  Record of Decision 2 nd  Qtr 2011 Fina...
NC Toll Program   <ul><li>Open Road Tolling – No toll booths </li></ul><ul><li>NC Quick Pass™  </li></ul><ul><li>Customers...
Don’t Have an NC Quick Pass? <ul><li>Highway cameras take picture of your license plate </li></ul><ul><li>Bills are sent a...
NC Leading Interoperability Challenge <ul><li>NC’s technology is compatible with ALL East Coast toll systems </li></ul><ul...
Toll Interoperability <ul><li>ATI’s HUB-Based Model </li></ul><ul><li>RFP for HUB operator in the street – selection mid-s...
Questions?
Upcoming SlideShare
Loading in …5
×

Garden Parkway and Monroe Connector Update

1,219 views

Published on

Reid Simons, director of government and public affairs for the N.C. Turnpike Authority, provides an update on the Garden Parkway and Monroe Connector at the Charlotte Chamber 2011 Transportation Summit.

Published in: News & Politics
  • Be the first to comment

  • Be the first to like this

Garden Parkway and Monroe Connector Update

  1. 1. NC Toll Roads Update Monroe and Garden Parkway Charlotte Transportation Summit April 8, 2011 Reid Simons, Director of Community Relations, NCDOT/NCTA
  2. 2. Charlotte Area Network Garden Parkway Monroe Bypass
  3. 3. Monroe Connector/Bypass <ul><li>Description: US 74 Bypass, provide substantial travel time savings, relieve congestion and allow for better connectivity to NC Ports </li></ul><ul><li>Cost: $700 -$800 million </li></ul><ul><ul><li>Project Finance Elements: </li></ul></ul>Appropriations bonds – State gap funds $24 m annually Toll Revenue Bonds TBD TIFIA Loan – Letter of Interest March 2011 TBD GARVEE Bonds TBD State TIP $77 m
  4. 4. Monroe Milestones/Schedule Record of Decision August 2010 Selected Design-Build contractor (United Infrastructure Group, Boggs Paving, Anderson Columbia Co. and RK&K) October 2010 Obtained Investment bond ratings and Sold Appropriation Bonds “AA” October 2010 Received 401 Permit – NC DENR Water Quality December 2010 Obtain 404 Permit – U.S. Army Corps of Engineers Spring 2011 Price, Sell Toll Revenue bonds and close financing Fall 2011 Award construction contract Fall 2011 Begin construction End of 2011 Open to Traffic 2015
  5. 5. Monroe Toll Collection Configuration
  6. 6. Monroe Estimated 2015 Toll Sensitivity Curve
  7. 7. Electronic Toll Rate Comparison Triangle Expressway $0.153 Monroe Connector/ Bypass $0.130
  8. 8. Monroe Time and Cost Savings Traffic Signal 26 signals on US 74 between Marshville and I-485 Matthews Monroe Marshville Via Monroe Pkwy 23.6 24 $2.58 26 $4.18 Route Distance Time Toll Time Toll 2030 2015 Marshville to Matthews Via US 74 24.2 41 49 Savings via Monroe Cnctr/ Bypass 0.6 (17) $2.58 (23) $4.18 Via Monroe Pkwy 17.7 21 $1.67 23 $2.70 Route Distance Time Toll Time Toll 2030 2015 Monroe to Matthews Via US 74 15.1 29 35 Savings via Monroe Cnctr/ Bypass (2.6) (8) $1.67 (12) $2.70
  9. 9. Garden Parkway
  10. 10. Garden Parkway Project Area
  11. 11. Garden Parkway <ul><li>Description: Increase access between Gaston County and Charlotte, travel time savings, better connectivity with Charlotte Douglass Airport and Intermodal Yard </li></ul><ul><li>Cost: $800 -$900 million </li></ul><ul><ul><li>Project Finance Elements: </li></ul></ul>Appropriations bonds – State gap funds $35 m annually Toll Revenue Bonds TBD TIFIA Loan – Letter of Interest March 2011 TBD GARVEE Bonds TBD
  12. 12. Garden Parkway Milestones/Schedule Final Environmental Impact Statement Completed Record of Decision 2 nd Qtr 2011 Final Investment Grade Traffic and Revenue Study 2 nd Qtr 2011 Financial Planning 2011 Advertise and Award construction contracts TBD Begin construction Late TBD Open to traffic 2015
  13. 13. NC Toll Program <ul><li>Open Road Tolling – No toll booths </li></ul><ul><li>NC Quick Pass™ </li></ul><ul><li>Customers set up/maintain pre-paid account </li></ul><ul><li>Readers scan NC Quick Pass and other toll technology </li></ul>
  14. 14. Don’t Have an NC Quick Pass? <ul><li>Highway cameras take picture of your license plate </li></ul><ul><li>Bills are sent automatically through the mail to your license address </li></ul>
  15. 15. NC Leading Interoperability Challenge <ul><li>NC’s technology is compatible with ALL East Coast toll systems </li></ul><ul><li>Agreements and legislation being established with surrounding states </li></ul><ul><li>NCTA is founder of Alliance for Toll Interoperability (ATI) </li></ul>
  16. 16. Toll Interoperability <ul><li>ATI’s HUB-Based Model </li></ul><ul><li>RFP for HUB operator in the street – selection mid-summer </li></ul>
  17. 17. Questions?

×