Implementing and operating value pricing on the Tom Landry Freeway in the Dallas-Fort Worth area proposed to cost $32,625,000 for the first three years
Dallas, Texas, United States
The North Central Texas Council of Governments (NCTCOG) conducted a regional value pricing study for the I. H. 30/Tom Landry Freeway corridor in the Dallas-Fort Worth area. As the region continues to grow, and land and resources are limited for building new capacity, the region considered different approaches. One approach included managing the increasing congestion by operating its freeways more efficiently. Value pricing, also known as managed lanes, is one of the strategy transportation leaders considered to improve system efficiency. Projects in California, Texas, Florida and New York have shown that value pricing can be an effective technique for managing congestion and raising revenue on highway facilities.
System Costs
The proposed Managed Facility Operation Plan for the I. H. 30/Tom Landry Freeway corridor is composed of the following:
Work Plan Description
|
Budget ($)
|
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
|
2005 Regional Value Pricing Corridor Evaluation and Feasibility Study
Proposed Managed Facility Operation Plan $35,625,000 for construction and 3-years of operation.