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

Highway 156 Financial Feasbility AnalysisPage 5 of 10May 10, 2013Tolling Plan “C”o Phase 1 improvements onlyo No toll ‐ Prunedale and Castroville resident passenger cars each wayo $1.60 – Weekday passenger cars each wayo $2.50 ‐ All trucks & weekend passenger cars each wayTolling Plan “D”o Phase 1 and 2 improvementso No toll ‐ Prunedale and Castroville resident passenger cars each wayo $1.60 – Weekday passenger cars each wayo $2.50 ‐ All trucks & weekend passenger cars each wayTolling Plan A contemplates only the opening of phase 1 in 2021 and charges a toll for all facilityusers. Tolling Plan C contemplates the opening of phase 1, in 2021, but does not charge a toll forPrunedale and Castroville resident passenger cars. Tolling Plan C assumes a higher toll rate perpassenger car at $1.60 vs. $1.00.Tolling Plan B assumes a similar tolling structure as does Plan A, but it assumes that Phase 2 of theHighway 156 project is open in 2025. The opening of Phase 2 allows for more traffic and morerevenue when compared to Tolling Plan A. Similarly, Tolling Plan D assumes a similar tollingstructure to Plan C, but also assumes that Phase 2 of the Highway 156 project is open in 2025. Asummary table of annual gross toll revenues for each plan is presented below. As noted, O&M costsare assumed to be 15% of gross revenues, so net toll revenues are equal to 85% of the annualrevenue numbers presented below.