Cost

Value pricing is proposed to cost $32,625,000 over 3-years on a congested North Texas freeway

Implementing and operating value pricing on the Tom Landry Freeway in the Dallas-Fort Worth area proposed to cost $32,625,000 for the first three years


June 2005


Summary Information

The North Central Texas Council of Governments (NCTCOG) conducted a regional value pricing study for the I. H. 30/Tom Landry Freeway corridor in the Dallas-Fort Worth area. As the region continues to grow, and land and resources are limited for building new capacity, the region considered different approaches. One approach included managing the increasing congestion by operating its freeways more efficiently. Value pricing, also known as managed lanes, is one of the strategy transportation leaders considered to improve system efficiency. Projects in California, Texas, Florida and New York have shown that value pricing can be an effective technique for managing congestion and raising revenue on highway facilities.

System Costs

The proposed Managed Facility Operation Plan for the I. H. 30/Tom Landry Freeway corridor is composed of the following:

Work Plan Description
Budget ($)
Schematic and Planning of Facility
100,000
Plan Specifications and Estimates Design of Facility
2,100,000
Construction of Facility (Incremental Cost)
13,000,000
Purchase and Installation of Tolling Equipment
1,800,000
Facility Operation and Use Enforcement (3 years)
4,650,000
Toll Collection Operation and Toll Enforcement (3 years)
11,100,000
Maintenance of Toll Collection Equipment (3 years)
450,000
Maintenance of Managed Lane Operations (3 years)
2,175,000
Maintenance of Managed Lane Facility (3 years)
150,000
Value Pricing Pilot Program Monitoring and Performance Evaluation
100,000
Total (Based on static costs plus 3 years operations and maintenance costs)
$35,625,000



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Source

2005 Regional Value Pricing Corridor Evaluation and Feasibility Study

Author: North Central Texas Council of Governments

Published By: Prepared in cooperation with the Texas Department of Transportation and the U.S. DOT, Federal Highway Administration, and Federal Transit Administration

Source Date: June 2005

URL: http://www.nctcog.org/trans/mtp/valuepricing/index.asp

System Cost

Proposed Managed Facility Operation Plan $35,625,000 for construction and 3-years of operation.

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Keywords

Congestion management, freeway management, managed lanes, tolling, value pricing

Cost ID: 2015-00347