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Federal Credit for Surface Transportation: Exploring Concepts and Issues Draft Policy Discussion Paper

U.S. Department of Transportation Federal Highway Administration November 1997

Appendix E: Illustrative Projects for Federal Credit

Introduction

This appendix provides a list of surface transportation projects whose scale, financial structure, and economic importance are indicative of the types of projects a federal credit program would be designed to serve. No credit analysis of these projects has been performed, nor has any specific research been undertaken to determine the forms of federal credit that would be most appropriate for individual projects. This list is not intended to be exhaustive.

Project names, descriptions, locations, and total cost estimates were obtained from state agencies, industry sources, and transportation publications. All states were contacted and given an opportunity to submit projects for inclusion in this report. Industry sources included financial management and engineering firms in various locations throughout the nation. The search process was designed to be inclusive, thus project information is not final or definitive.

States were asked to provide information on projects that would:

  • be eligible for federal assistance under surface transportation programs (Title 23 or Chapter 53 of Title 49 of the U.S.C.);
  • cost at least $100 million ($20 million for ITS projects) or 50 percent of the state's most recent apportionment of federal-aid highway funds, whichever is less; and
  • be supported in whole or in part by user charges or other non-federal dedicated revenue sources.

These 31 indicative projects represent a total capital investment of nearly $50 billion. This list is for illustrative purposes only. No project sponsors have formally requested credit assistance.

Table E.1 Illustrative Projects for Federal Credit
(dollars in millions)

PROJECT DESCRIPTION LOCATION COST
Dalton Highway The Dalton Highway is a 414-mile highway on the National Highway System running between the nation's largest oil field at Prudhoe Bay and Fairbanks, Alaska. The current highway is the only unpaved highway on the National Highway System. The project would consist of paving the existing 414-mile highway. Alaska $165
Hoover Bridge Construction of a bridge crossing over the Colorado River between the states of Nevada and Arizona, near the Hoover Dam. The project would remove a structural bottleneck on US 93 at the Hoover Dam. Currently, US 93 is the only two-lane portion of the CANAMEX Corridor, a heavily used trade route between Canada and Mexico. Arizona-Nevada 120
South Mountain Toll Road Four lane toll road on one of three alignments 23 to 26 miles in length connecting I-10 south of Chandler Boulevard to I-10 near 55th Avenue in Phoenix. The proposed toll road would reduce local traffic congestion, improve air quality, and support economic development in Phoenix. Phoenix, Arizona 380
Shreveport to Kansas City High Priority Corridor Construction of an Interstate-designed corridor paralleling US 71. This project is part of a multi-state effort to improve transportation between Shreveport, Louisiana and Kansas City, Missouri. The Shreveport to Kansas City Corridor has been designated a High Priority Corridor by Congress, and would connect major employment centers in the region, 13 major commercial areas, and 13 Department of Defense installations. The project would greatly improve highway capacity and safety. Arkansas, Louisiana, Missouri 2,380
California High Speed Rail A 412-mile line with 14 stations between Los Angeles and San Francisco using either high speed rail or magnetic levitation. High speed rail would reduce vehicular congestion between Los Angeles and San Francisco, reduce air traffic at both LAX and SFO, and develop the Central Valley located between Los Angeles and San Francisco. Los Angeles to San Francisco, California 16,800
Foothill-South Transportation Corridor Implementation of planned Foothill/South extension of TCA's network of congestion-relieving toll roads in Orange County, California. The 15.1-mile southern segment will relieve congestion, improve safety, and speed the movement of people and goods traveling to and through the region. Orange County, California 1,500
Port of Oakland Intermodal Terminal Design and construction of a new terminal, including a deep water port and massive rail yard, providing intermodal connections. The new facility will absorb the nearby 541-acre Naval Supply Center and create a 340-acre terminal for trains and trucks near the replacement section of I-880 that collapsed in the Loma Prieta earthquake. Oakland, California 750
SR 125 Toll Road Construction of a planned 11-mile new highway alignment from Route 905 near the International Border to Route 54 near the Sweetwater Reservoir. The 8-lane highway will complete a missing gap in the San Diego highway, while alleviating congestion on I-5, I-805, and the local street system, and increasing north/south capacity for travel between the U.S. and Mexico via the International Port of Entry at Otay Mesa. The project will be constructed and funded through a public/private agreement with SANDAG, Caltrans and California Transportation Ventures (CTV), a private consortium. A portion of the facility will be constructed as a tollroad and funded through private financing by CTV. The remaining section will be funded by SANDAG with public funds. San Diego, California 400
E-470 Public Highway Phase IV Phase IV of E-470 is the final link in a 30-mile circumferential toll betray under construction around the eastern half of metropolitan Denver, connecting the new airport to I-25, a key north-south Interstate. Denver, Colorado 230
Quinnipiac River Bridge Rebuild the bridge carrying I-95 over the Quinnipiac River. The existing bridge is structurally and functionally deficient. The new bridge will reduce congestion and improve safety at the functionally obsolete I-91/I-95/SR 34 junction. New Haven, Connecticut 375
Florida Overland Express The construction of a 320-mile, high speed rail system linking Miami on Florida's East Coast to Tampa on the Gulf of Mexico, with stations at West Browards, West Palm Beach, Orlando Airport, Orlando Attractions and Lakeland. The electrified trains will operate at speeds of up to 200 mph. The state of Florida will invest at least $70 million in public funds over the next 25 years, in return for the right of ownership of the land and tracks. The rolling stock will be purchased and owned by private investors, through lease arrangements. Private equity from FOX, a private consortium, is estimated at $350 million. Miami-Orlando-Tampa, Florida 5,300
Miami Intermodal Center Coordinated intermodal development and improvements to Miami's airport, parking, highway, transit, commuter rail, and high speed rail facilities via private concessions. Miami is a major gateway to Latin America. Miami, Florida 1,700
Atlanta Multi-Modal Passenger Terminal Construction of a multi-modal terminal for intercity rail and AMTRAK to provide intermodal connections between MARTA, AMTRAK, interstate bus carriers, commuter rail, and landside commercial aviation. The terminal will consist of a plaza/street level with pedestrian concourse, 18,000 square feet of offices for transportation companies and service providers, a bus terminal level, and a track level with platforms for AMTRAK and commuter rail. Project also includes track improvements. Atlanta, Georgia 183
High Priority Corridor 18 (I-69 Extension) Extension of I-69 from Indianapolis, Indiana south to Brownsville, Texas at the Mexican border. Congress has designated Corridor 18 a High Priority Corridor. Corridor 18 is also a NAFTA Corridor. The 1,430-mile project will facilitate international trade between the United States, Canada, and Mexico. Indiana, Kentucky, Tennessee, Mississippi, Arkansas, Louisiana, and Texas 7,250
Louisville Bridges The construction of two bridges spanning the Ohio River in Louisville, Kentucky. The East End Bridge would connect I-265 in Jefferson County, Kentucky to I-265 in Clark County, Indiana. The second bridge would span the Ohio River near downtown Louisville. Construction of the downtown bridge would include a full rebuild of the I-65/I-64/I-71 interchange. The project would also improve cross-river transit service, provide new interstate cross-river access, and improve traffic flow at the most congested interchange in the region, subsequently providing significant congestion and safety improvements. Louisville, Kentucky 507
I-75 at Ambassador Bridge The I-75 at Ambassador Bridge project is a gateway project involving an international trade corridor and border crossing. The rehabilitation of the existing facilities will address long-term congestion and improve access between the Ambassador Bridge, I-75, and I-96. Detroit, Michigan 107
US 82 Mississippi River Bridge Construct a new four-lane bridge across the Mississippi River at Greenville. The new facility would improve the capacity of the existing crossing from two- to four-lanes, thus keeping pace with future capacity expansions on US 82. The project would also remove a barrier to barges experiencing high accident rates at the current facility. Greenville, Mississippi 166
Meadowlands Rail Transfer Station A public-private partnership to build and operate a rail transfer station at the Meadowlands Sports Complex, linking four New Jersey commuter lines to AMTRAK's Northeast Corridor. This project is the final link to the New Jersey Urban Core project and will complete the project's integration of all commuter rail lines in New Jersey. East Rutherford, New Jersey 374
Farley/Penn Station Project Relocation and improvement of the AMTRAK rail passenger terminal from Penn Station to a renovated New York City post office building. Penn Station is the nation's busiest rail passenger facility in the United States. New York, New York 315
Midtown-Kennedy Airport Rail Link Long-awaited rail/subway extension to JFK Airport from midtown Manhattan, using design-build-operate-maintain concession approach. New York, New York 800
Maumee River Crossing Replacement of the existing bridge spanning the Maumee River in Toledo, Ohio. The Maumee River Crossing carries I-280 traffic into downtown Toledo. The bridge provides direct access to the Port of Toledo. The current bridge is a bascule lift and represents a structural bottleneck as it is raised 800 to 1,000 times a year. The existing bridge is also accommodating more-than-capacity traffic volumes, including high volumes of heavy vehicles traveling into and out of the Port of Toledo. Toledo, Ohio 220
South-North Light Rail Transit Project The South-North Light Rail Transit (LRT) project is a proposed 21-mile light rail transit system starting in the Clackamas Regional Center south of Portland and ending near the Veteran Medical Center in Clark County, Washington to the north. The project is an expansion of the current Metropolitan Area Express (MAX) LRT System. The proposed alignment passes through the Portland Central Business District where it would connect to the existing MAX East-West Line. The project is designed to reduce congestion, support development, enhance the vitality of the downtown area, and manage growth in a region experiencing a sharp increase in population. Portland, Oregon 1,300
Freight Rail Improvement/Access Road Project Modernization and expansion of existing rail lines and creation of a third freight-dedicated line within a 22-mile section of the Northeast Corridor. The project also includes a proposed 4.5-mile access highway to the Quonset Point-Davisville Industrial Intermodal Center. Rhode Island 247
Grace Bridge Project Replacement of the existing Grace and Pearlman Bridges spanning the Cooper River and connecting the East Cooper area of Charleston County with the peninsula area of the City of Charleston. Located on US Route 17, the facility will serve as a link between Charleston and coastal South Carolina for military movements and interstate commerce. The new structure will provide access to US 52 and I-26, improve safety, and reduce regional congestion. The existing bridges are on the National Highway System and have been recognized by Congress as part of a High Priority Corridor. Charleston, South Carolina 400
Camino Columbia Toll Road Construction of a toll road linking the Solidarity Columbia International Bridge with I-35. Located near the Mexican border, the project would facilitate trade between United States and Mexico. Laredo, Texas 100
ITS Deployment: Weber, Davis, Salt Lake, Summit, and Utah Counties A Freeway and Arterial Management System that would include CCTV cameras for live full-motion color video, vehicle detection and data recorders for real-time data information, and Central and Satellite Control Centers for traffic management. This project would reduce congestion; improve air quality; and allow media, spectators, and participants to travel more easily to and from Olympic events. Utah 220
I-15 Reconstruction Reconstruction of more than 125 bridges, 18 miles of Interstate, seven urban interchanges, and three major junctions with other Interstates including I-80 and I-215. The project will also involve the modification of three interchanges and construction of a new general purpose and HOV lane in each direction. The reconstruction will affect intra- and interstate travel to all cities and counties of the Wasach Front, including Salt Lake City. The project will also be primarily responsible for carrying Olympic spectators and athletes between the various Olympic venues in Salt Lake City as well as those north and south of the city. Salt Lake City, Utah 1,600
Hampton Roads Bridge-Tunnel A new toll bridge-tunnel connecting the peninsula cities of Newport News and Hampton with Portsmouth, Norfolk, and Virginia Beach, a vital national defense center and growing corridor in southeastern Virginia. The project will address growing congestion along the existing I-64 Hampton Roads bridge-tunnel. Virginia 2,000
Woodrow Wilson Bridge Replacement of the deteriorating I-95/495 drawbridge across the Potomac River with an expanded-capacity facility consisting of twin six-lane drawbridges spanning 70 feet above the Potomac. The current facility, which is located on the Capital Beltway surrounding Washington D.C., is a structural bottleneck and a major factor contributing to regional congestion. Virginia-Maryland 1,750
North Duwamish Intermodal Facility This intermodal project improves accessibility to a number of major regional and national/international transportation facilities including King Street Station (existing AMTRAK service and the site of a proposed multi-modal center), the Washington State Ferry Terminal, the Victoria Ferry, various rail yards, the Port of Seattle, and the mainline tracks of both the Burlington Northern/Santa Fe and Union Pacific Railroads. Seattle, Washington 1,000
Tacoma Narrows Bridge Implementation of the approved public-private initiative to make staged improvements to the congested, 50-year-old Tacoma Narrows Bridge. Ultimately, the project will involve reconstructing the facility into a double-deck toll bridge. Seattle-Tacoma, Washington 800
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