DMB Proposed Toll Increase

Transcription

1 DMB Proposed Toll Increase December 2018

2 The Delaware River and Bay Authority Bi-state agency established in 1962 Provides Crossings between Delaware and New Jersey Economic development benefitting the areas Responsible for the operation and maintenance of: Delaware Memorial Bridge Cape May-Lewes Ferry Forts Ferry Crossing Five regional airports Business Park 2

3 DRBA Network Collect fees on a per use basis DRBA receives no financial support from either State Revenues utilized for the financing, constructing, operating and maintenance of DRBA assets 3

4 Capital Investment Cost Drivers Aging Infrastructure Bridge spans built in 1951 & 1968 I-295 constructed in the 1950 s Ferry vessels launched in Airports are WWII vintage 4

5 Promises Kept: Completed Projects Recent DMB infrastructure projects: I-295 South Improvements-$40.0MM Toll Collection System-$9.0MM Cable Preservation-$41.5MM Painting-$23.8MM Steel Repairs-$9.0MM Traffic Management System-$3.1MM 5

6 Replace Pin & Link Systems $19.7 Million 6

7 Bridge Painting (Sandblast & Recoat) $48.2 Million Before After 7

8 Other Projects in the DMB Overhaul $24.5 Million Suspender Rope Replacement $40.5 Million Steel Repairs 8

9 Ship Collision Protection $45.2 Million CONCEPT Two (2) Eighty Foot (80 ) Diameter Cells Protecting Each Tower 9

10 Completing the DMB Overhaul $48.2 Million Bridge Painting $45.2 Million Replace Ship Collision Protection $40.5 Million Steel Repair $24.5 Million Suspender Rope Replacement $21.5 Million Deck Repair $19.7 Million Replace Pin & Link Systems and at the Ferry: $9.5 Million Replace Vessel Engines $4.3 Million Replace Transfer Bridges 10

11 Why is a Toll Increase Necessary? Revenue projections are insufficient to provide borrowing capacity or cash to finance the necessary preservation and improvement projects 11

12 History of Toll Increases One-Way Traffic Volumes 20,000, ,000, ,000,000 14,000, * ,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 *Toll Increase on Commercial Rates Only 12

13 DMB Traffic and Revenues 17.8 Million Vehicles $104.8 Million in Revenue 13

14 DRBA Tolls Are the Lowest in the Region Passenger Car (E-ZPass) Passenger Car (CASH) 5-Axle Commercial Commuter Frequent Traveler DRBA $4.00 $4.00 $25.00 $1.00 $1.25 DRPA $5.00 $5.00 $37.50 $4.00 Not Offered GW Bridge 1 $10.50 $15.00 $85.00 $6.50 Not Offered Ft McHenry 2 $6.00 $8.00 $48.00 $2.80 Not Offered (PANY&NJ) (MdTA) Off Peak Rates Round Trip Rates E-ZPass Rates are for MdTA Customers Only 14

15 Proposed Toll Increase for March 1, 2019 Passenger cars and small trucks increase to $5.00 Commercial vehicles increase by $2.00 per axle Discount Commuters (25 trips in 30 day period) $1.25 per trip Phased-in toll increases for Discount Frequent Travelers (20 trips in 90 day period) $2.25 as of March 2019 $3.00 as of January

16 Proposed Toll Rate Structure Toll Schedule Non-Commercial Passenger Car, Small Truck Passenger Car w/ 1 Axle Trailer Passenger Car w/ 2 Axle Trailer Passenger Car w/ 3 Axle Trailer Passenger Car Discount Traffic Commuters Frequent Travelers Commercial Vehicles 2 Axle Vehicle 3 Axle Vehicle 4 Axle Vehicle 5 Axle Vehicle 6 Axle Vehicle Vehicle Requiring Special Permit Specials (over 6 axles) Current Toll $4.00 $6.00 $8.00 $10.00 $1.00 $1.25 $10.00 $15.00 $20.00 $25.00 $30.00 $60.00 $5.00/axle New Toll 3/1/19 $5.00 $7.50 $10.00 $ /1/19 $1.25 $2.25 3/1/19 $14.00 $21.00 $28.00 $35.00 $42.00 $85.00 $7.00/axle 1/1/ $

17 What Will the Toll Increase Pay For? Ongoing priority projects which preserve and upgrade: Bridge steel and coatings & performance and protection systems Additional projects identified as a result of regular inspections Provides cash and borrowing capacity to fund an estimated $400+ million of necessary capital improvements 17

18 The Public Process Public Hearings Delaware December 5, 2018 New Jersey December 6, 2018 Board Consideration of Proposed Toll Increase - December 18, 2018 Implementation of New Toll Structure - March 1, 2019 For more Information To provide comments Contact_us@drba.net 18