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.

Made Public Date
03/31/2016

283

I-394
Minneapolis
Minnesota
United States
Identifier
2016-00360
TwitterLinkedInFacebook

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
System Cost

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

System Cost Subsystem