Cost

Capital costs of HOV conversion to HOT lanes total $8,716,000 with annual operating costs beginning at $1,294,922.

The conversion of 9.5-mile long I-394 HOV lanes to HOT lanes.


02/01/2012
I-394,Minneapolis,Minnesota,United States


Summary Information

This purpose of this study is to conduct a benefit-cost analysis (BCA) to examine the net society benefits and costs of implementation of the I-394 MnPASS HOT lanes over the first ten years of deployment (2006-2015). The I-394 MnPASS HOT lanes are a 9.5 mile corridor connecting the western suburbs of Minneapolis with downtown with an AADT of up to 151,000.

Costs

Capital costs of the MnPASS program were $8,716,000 (in 2005 nominal dollars). Operating costs for the first four years of HOT lane operation are summarized in the following table:

2006
2007
2008
2009
Enforcement
$121,126
$135,468
$113,347
$152,126
Postage
$5,000
$5,000
$6,500
$6,500
Operation contract
$927,151
$959,582
$970,993
$1,015,747
Verifone
$1,645
$1,649
$1,649
$1,979
MnDOT costs
$240,000
$230,000
$230,000
$250,000
Total Costs
$1,294,922
$1,331,699
$1,322,489
$1,426,352



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Source

Benefit and Cost Analysis of the I-394 MnPass Program

Author: Xinyu Cao, Lee Munnich, Henry Liu, Xiaozheng He, Zhiyi Xu, Yan Huang (University of Minnesota)

Published By: University of Minnesota, Center for Transportation Studies, Intelligent Transportation Systems Institute

Source Date: 02/01/2012

Other Reference Number: CTS 12-03

URL: http://conservancy.umn.edu/bitstream/handle/11299/120263/CTS%2012-03.pdf

System Cost

Capital costs of the MnPASS program - $8,716,000.
Annual Operating Costs - $1,294,922

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Related Unit Cost Subsystems

Toll Administration (TA)

Keywords

high occupancy vehicles, carpool lanes, high occupancy vehicle lane, managed lanes, HOV, congestion pricing, value pricing, variable road pricing, HOT lanes, HOT lane enforcement, HOT lane capital costs, operating costs

Cost ID: 2016-00360