Details:

Corporate Creators:
Jacobs Engineering Group Inc. ; Rhode Island Turnpike and Bridge Authority
Jacobs Engineering Group Inc. ; Rhode Island Turnpike and Bridge Authority Less -
Subject/TRT Terms:
[+]
Average Daily Traffic Revenues Tables (Data) Toll Bridges Toll Collection Trend (Statistics)
Resource Type:
Tech Report
Geographical Coverage:
Rhode Island
OCLC Number:
696783579
Corporate Publisher:
Rhode Island Turnpike and Bridge Authority
NTL Classification:
NTL-HIGHWAY/ROAD TRANSPORTATION-Bridges and Structures;NTL-OPERATIONS AND TRAFFIC CONTROLS-Congestion;NTL-OPERATIONS AND TRAFFIC CONTROLS-OPERATIONS AND TRAFFIC CONTROLS;NTL-OPERATIONS AND TRAFFIC CONTROLS-Traffic Flow;NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE;NTL-REFERENCES AND DIRECTORIES-Statistics;
Abstract:
Jacobs Engineering conducted a traffic and toll revenue study for the Claiborne Pell Newport Bridge (“Newport Pell Bridge” or “Pell Bridge”) upon the request of the Rhode Island Turnpike and Bridge Authority (RITBA). This study is being conducted in support of the upcoming issuance of the Series 2010 bonds to be issued by the Authority. Jacobs analyzed traffic and toll revenue data for the Newport Pell Bridge to determine historical trends, and conducted surveys to gather information on user characteristics and travel time. As indicated in this report, the current local, national and global economic conditions are unparalleled in recent history. Jacobs has also conducted extensive research in relevant historical and forecasted socioeconomic parameters in order to make a viable estimate of future traffic and toll

revenues. This information was used to develop a traffic and revenue model to estimate annual traffic and toll revenue for Fiscal Year 2010 (i.e., July 2009 – June 2010) through Fiscal Year 2039. Forecasts were made for two different toll scenarios: one with no programmed increases after the recent September 8, 2009 increase (the Base Case), which caused tolls to at least double for about 43 percent of vehicles crossing the bridge, and one that includes increases every three years after. As indicated, the next toll increase would be in September 2012 (Fiscal Year 2013). Annual transactions and toll revenues for both scenarios are summarized in Table 2. The forecasts account for diversion or loss of traffic due to increased tolls, growing E-ZPass market share, increased participation in discounted plans, and the discontinuation of the Commuter Rebate Plan and commencement of two new board-approved commuter plans on February 15, 2010.


Format:
PDF
Collection(s):
US Transportation Collection
Main Document Checksum:
[+]
urn:sha256:1cffb3b45844400be74d4591c51c6c606dc7f9e66f11c1cced6ce97581745c1e
Download URL:
https://rosap.ntl.bts.gov/view/dot/6434/dot_6434_DS1.pdf
File Type:

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