The Bay Area Toll Authority Back to the Future

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

• California Toll Bridge Authority
• Separate from the California Division of Highways
  predecessor of Caltrans

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Bay Areas 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

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Bay Areas 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)
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Bay Areas Toll Bridges
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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

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Earthquakes

• 1989 Loma Prieta
• 6.9 Magnitude
• 60 miles from SF

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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)

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Seismic Retrofit Program Status
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SFOBB East Span Seismic Safety Replacement Project
SAS
YBI Transition
Skyway
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SFOBB East Span Seismic Safety Replacement Project
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Oakland Touchdown Contract
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Oakland Touchdown Contract
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Skyway
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SAS E2/T1 Foundations
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SAS T1 Tower Foundation
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SAS Contract
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SAS Contract
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Yerba Buena Island Labor Day 2007
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Yerba Buena Island Detour Contract
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Yerba Buena Island Detour Contract
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SFOBB West Approach Project
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SFOBB West Approach Project
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Regional Measure 1 Program

• 2.4 Billion Congestion Relief and Capital
  Improvement Program including

• 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)

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Regional Measure 1 Program Status
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New Carquinez Bridge (2003)
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Benicia-Martinez Bridge (2007)
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Benicia-Martinez Bridge (2007)
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880/92 Interchange Project
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Regional Measure 2Capital 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

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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

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BATAs 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
• BATAs goal to deliver the entire 12 billion
  toll construction program within the 4.00 toll
  structure

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BATAs Efficient Credit
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BATAs Strong Credit
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FasTrak Electronic Toll Collection System
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Strong FasTrak Account Growth
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Increasing FasTrak Usage
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Expanding FasTrak Options
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2035 Regional Transportation Plan

• Vision Performance Objectives
• Economy
• Environment
• Equity
• Infrastructure alone does not achieve objectives
• Pricing will have a bigger effect

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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

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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

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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.

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Unfinished Business

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