156 Toll Road Study and Appendices - Transportation Agency for ...

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Tolling Traffic and Revenue Study Highway 156 CorridorTraffic and Revenue AnalysisAlternative RoutesThe AMBAG RTDM and local knowledge was used to determine the most likely alternativeroutes. The AMBAG RTDM was also used to determine travel times on these routes asopposed to using an improved Highway 156. The anticipated alternate routes include thefollowing:1. San Juan Road / Highway 1292. Castroville Boulevard3. Existing Highway 1564. Blackie Road5. Blanco Road / Reservation Road6. Davis Road / Reservation Road7. Highway 68Figure 5, Alternative Routes to Highway 156 displays the alternative routes to an improvedHighway 156.Figure 5: Alternative Routes to Highway 15611
Tolling Traffic and Revenue Study Highway 156 CorridorTraffic and Revenue AnalysisPoint-to-point travel time savings associated with using an improved Highway 156 werecalculated for each diversion route and weighted in accordance with how much trafficdiverts to the route if Highway 156 was not available. This yielded an average travel timesavings for using an improved Highway 156 over all alternative routes. Table 5, Travel TimeSavings Using an Improved Highway 156 demonstrates the average travel time savings as aresult of improved Highway 156.Table 5: Travel Time Savings Using an Improved Highway 156Highway 156 Time Weighted Time SavingsRoute WeightAlternative RouteSavings (min.)(min.)EB WB EB WB EB WBSan Juan Rd. 11% 12% 4.6 2.3 0.5 0.3Castroville Blvd. 39% 40% 4.6 5.0 1.8 2.0156 Frontage Rd. 11% 22% 7.7 5.1 0.8 1.1Blackie Rd. 19% 14% 8.7 6.1 1.7 0.9Blanco Rd. 2% 11% 3.1 3.5 0.1 0.4Reservation Rd. 18% 1% 16.6 16.5 3.0 0.2Total 7.9 4.8Toll DiversionThis analysis considered toll diversion traffic or the projected traffic on Highway 156 thatwould be diverted to untolled alternative routes as a result of implementing toll project.This study used an “off-model” process to determine the percentage of travelers that willchoose to pay a toll on the improved Highway 156 as a function of a traveler’s value-of-timeand the travel time savings realized by using an improved Highway 156. This processutilized a binary logit model whose parameters were adjusted to reflect traveler value oftime by market segment. Application of this process yielded traffic volumes for toll payingand non-paying travelers using the study corridor and took advantage of how the AMBAGRTDM differentiates commuters, visitors, and other discretionary travel.Figure 6, Traveler Toll Sensitivity demonstrates daily traffic diversion over different toll ratesas a result of the diversion computation process. Note that the behavior of weekendtravelers is different due to a different market composition. The weekend travel marketcontains a much larger proportion of visitors who have a higher value-of-time comparedwith other travelers; and are less sensitive to paying a toll.12
Page 5: STATE ROUTE 156 Tolling Traffic and
Page 8 and 9: Historic scheduling of these improv
Page 10 and 11: The Route 156 West Corridor Project
Page 12 and 13: e sought to support the constructio
Page 14 and 15: Why can’t we improve the intercha
Page 16 and 17: What amount will an individual be t
Page 18: STATE ROUTE 156 Tolling Traffic and
Page 21 and 22: STATE ROUTE 156 Tolling Traffic and
Page 23 and 24: Updated 10-1-12
Page 25: Updated 10-1-12
Page 28 and 29: APPENDIX BTraffic and Revenue Forec
Page 30 and 31: M E M O R A N D U MDate: May 10, 20
Page 32 and 33: Tolling Traffic and Revenue Study H
Page 48 and 49: Revenue Schedule - Tolling Plan "B"
Page 50 and 51: Revenue Schedule - Tolling Plan "D"
Page 52 and 53: APPENDIX CFinancial Feasibility Ana
Page 54 and 55: 50 California StreetSuite 2300San F
Page 56 and 57: Highway 156 Financial Feasbility An
Page 64 and 65: SR 156Scenario A; April 08, 2013I.
Page 66 and 67: III. Debt Service CoveragePledged C
Page 68 and 69: V. TIFIA LLCR and ReserveSurplusTIF
Page 70 and 71: VII. SpreadsMMD as ofAAA Taxable as
Page 72 and 73: II. Bonds Debt ServiceCIB 1 CIB 1 C
Page 74 and 75: IV. TIFIA Loan ScheduleCurrent Year
Page 76 and 77: VI. Aggregate Flow of FundsResidual
Page 78 and 79: SR 156Scenario C Phase 1; April 08,
Page 80 and 81: III. Debt Service CoveragePledged C
Page 82 and 83: V. TIFIA LLCR and ReserveSurplusTIF
Page 84 and 85: VII. SpreadsMMD as ofAAA Taxable as
Page 86 and 87: II. Bonds Debt ServiceCIB 1 CIB 1 C
Page 88 and 89: IV. TIFIA Loan ScheduleCurrent Year
Page 90 and 91:
VI. Aggregate Flow of FundsResidual
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