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There are a variety of mechanisms, beyond roadway pricing available to generate revenue for transportation projects. These include a broad assortment of fees or taxes levied on defined groups of beneficiaries expected to benefit from the provision of a particular transportation facility or resource. Such strategies can be used to help pay for non-tolled improvements such as transit by leveraging localized benefits ranging from increased land values to a broader tax base. Value capture strategies, however, may also be applied to toll roads to take advantage of the increased property values and other economic benefits produced by such improvements as is the case for the San Joaquin Toll Road in southern California and E-470 outside Denver, Colorado. Most non-pricing revenue sources are derived from state or local programs or private sources. While they are not specifically supported by Federal programs or involve Federal participation, the Office of IPD encourages state and local jurisdictions to look for new revenue sources to address funding shortfalls and is available to provide technical assistance in these areas. In addition, traditional sources of Federal and state revenue, such as motor fuel taxes, are summarized here.
Chicago Region Environmental and Transportation Efficiency Program (CREATE) - Chicago, Illinois
The CREATE project is an innovative P3 involving collaboration between freight railroads, the State of Illinois DOT, the City of Chicago DOT, Metra, and Amtrak. CREATE is maximizing the use of four train transportation corridors, including three primarily handling freight traffic and one primarily handling passenger traffic. The project involves 70 improvements, including rail, auto, and pedestrian grade separations using new overpasses and underpasses, as well as viaduct improvements, grade crossing safety enhancements, and extensive upgrades of tracks, switches and signal systems.
Eagle Project - Denver Metro Area, Colorado
The East and Gold Line Enterprise (Eagle) Project is part of RTD's FasTracks, a voter-approved program to expand rail and bus transit throughout the Denver metropolitan region. The Eagle Project is being procured through a concession agreement between RTD and Denver Transit Partners to design, build, finance, operate, and maintain the project's components for 34 years.
Heartland Corridor - Virginia, West Virginia, Kentucky, Ohio
Due to the Norfolk Southern's rail network, the Port of Virginia (Newport News) has always had good rail access to the Midwest markets. The Heartland Corridor project make the most direct rail route to the major markets of Columbus and Chicago accessible to double-stack container trains and shortening trip-times. Extending through Virginia, West Virginia, Kentucky and Ohio, the Heartland Corridor consists of series of five separate intermodal projects designed to improve mobility and increase freight capacity.
Hudson-Bergen Light Rail - Hudson/Bergen Counties, New Jersey
NJT Hudson-Bergen LRT vehicle at 34th Street Station in Bayonne, New Jersey. The $1.0 billion, 9.5-mile initial operating segment was procured using innovative 15-year DBOM contract, resulting in an estimated 8 years in savings compared to a traditional multiple design-bid-build approach. The contract was later renegotiated to cover Segments II and III that extended the rail another 7 miles, adding 8 stations.
Interlink (formerly Warwick Intermodal Station) - Warwick, Rhode Island
This intermodal transportation facility will include a commuter rail station, a bus terminal, a consolidated rental car facility, a 3,200-space parking garage, and a skywalk to T.F. Green Airport, which serves the Providence area and southern Massachusetts.
Las Vegas Monorail - Las Vegas, Nevada
The Las Vegas Monorail was originally a joint venture between MGM Grand and Bally's Hotel, creating a one-mile system linking the hotels in 1993. Plans for expansion further along the Strip led to the State of Nevada in 1997 passing legislation that enabled a private company to own, operate, and charge a fare as a public monorail system.
King Coal Highway - West Virginia
The King Coal Highway is a planned four-lane highway approximately 90 miles long running through McDowell, Mercer, Mingo, Wyoming, and Wayne counties along or near currently existing US Route 52. The highway is divided into 11 usable and operationally independent sections. Some of the construction work is being done by local mining companies as they extract coal from the surrounding areas near and on the new highway alignment.
Louisiana TIMED Program - Louisiana (statewide)
Rendering of the Florida Avenue Bridge at the Port of New Orleans, one of the main components of the TIMED program, the Louisiana Department of Transportation and Developments innovative capital program financed by a 4 cent gas tax and expedited by a partnership with a private program manager.
Miami Intermodal Center - Florida
Located next to the Miami International Airport, the Miami Intermodal Center is a massive ground transportation hub being developed by the Florida Department of Transportation. To be completed by 2013, the MIC Program consists of a Rental Car Center, the Miami Central Station, major roadway improvements, the MIA Mover and a joint development component.
Port of Miami Tunnel - Florida
The Port of Miami Tunnel will improve access to and from the Port of Miami, serving as a dedicated roadway connector linking the Port (located on an island in Biscayne Bay) with the MacArthur Causeway and I-395 on the mainland. The project is being developed as a P3 with Miami Access Tunnel, LLC (MAT). The state has agreed to pay for approximately 50 percent of the capital costs (design and construction) and all operations and maintenance, while the remaining 50 percent of the capital costs will be provided by the local governments. FDOT will make milestone payments to MAT at various stages of project development, followed by availability payments during a 30-year concession. Senior bank debt, a TIFIA loan, and private equity have been used to finance the project.
Reno Transportation Rail Access Corridor (ReTRAC) - Reno, Nevada
Traffic congestion and safety concerns brought about the largest public works project ever undertaken in Northern Nevada, the Reno Transportation Rail Access Corridor, or ReTRAC. The project depressed a 2.3 mile stretch of freight rail that ran through downtown, eliminating 10 at-grade street crossings.
Route 3 North - Boston, Massachusetts
Financed using tax-exempt 63-20 debt, leveraging lease payments pledged by the Massachusetts Highway Department, the Route 3 North project involved widening an existing 21-mile highway north of Boston from two to three lanes in each direction. The project included the creation of a 30 foot median to accommodate fiber optic line and other utilities, and the replacement of 40 bridges.
Transbay Transit Center
The Transbay Transit Center Project will replace the current Transbay Terminal with a new multi-modal transportation center and centralize the region's transportation network by accommodating nine transportation systems under one roof. The project consists of replacing the outdated Transbay Terminal with a modern transit hub, extending the Caltrain rail line from its current terminus, and redeveloping the area surrounding the Transbay Transit Center.
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