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South Florida’s Interstate 595 P3 project is one such project, finishing years ahead of schedule and achieving superior results for the Florida Department of Transportation (FDOT) because of this alternative solution.
If the traditional approach isn’t working, what is the right balance that protects the owner while allowing contractors to deliver projects in an efficient manner
A major factor in many P3 projects has been the ability for private partners to utilize low interest loans through various federal agencies, in particular the Transportation Infrastructure Federal Investment Act (TIFIA).
There is another group of customers who don’t pay the initial notice and – for whatever reason – may choose not to pay any subsequent notices. This group often represents the last 5 to 10 percent of potential revenue.
As you begin developing a tolling or managed lane facility in a new area, the challenge becomes how to introduce tolling in a manner that will quickly gain acceptance.
There are many current initiatives driving technological advancements in the tolling industry that will affect the future of toll technology infrastructure, such as Vehicle to Infrastructure (V2I).
Many established and emerging public programs have initiated some form of high-level and detail-level screening of candidate P3 projects. This allows them to review and analyze key criteria that may affect the technical and financial feasibility of the project.
The P3 process and approach will vary between states as each state will have varying degrees of legislation for P3s and tolling authority that will dictate project approvals, project costs, lease terms, contract duration, payment mechanisms and procurement strategies.
Managed lane projects are being developed nationwide as cost-effective congestion management relief tools.
The mitigation market as it exists today has its good qualities, but there are some drawbacks too. I’d like to propose some ideas and open a dialog about ways we can try to improve our industry.
The tolling industry is developing the groundwork and standards to solve this dilemma. The catalyst for this effort is the Moving Ahead for Progress in the 21st Century Act (MAP-21).
The way toll technology has advanced over the last decades, the information that can be collected from vehicles on a toll road is expansive. When information is collected, such as transponder reads, images, and classifications, then it’s compiled and analyzed in the back office, creating even more data.
