PRODUCING INNOVATIVE SOLUTIONS THAT MEET OUR CLIENTS’ NEEDS
Traffic and Revenue, Risk Management and Broader Management Consulting Studies For Tolled Systems
ITP assists tolled-systems operators and developers in preparation of traditional traffic and revenue studies (and associated due-diligence) used for financing. ITP’s work in this area has supported the financing of new facilities or refinancing of existing facilities whose value exceeds $8 billion dollars, all of which are in operation or in construction today.
While Traffic and Revenue Studies represent the traditional management tool used by tolled systems’ management teams to organize their management strategies, far more can be done to maximize realizable value imbedded within tolled systems. ITP has helped government and the private-sector transportation providers (highway, transit, goods movement, rail, air, etc) to create the management systems to reach new or reconfigured enterprise platforms that can enable them to reach new markets/revenues or better serve existing markets with new services/facilities.
In times of rapid and substantial change as we are experiencing today, this broadened and deepened approach to infrastructure revenue and enterprise management that ITP has identified as Infrastructure Related Enterprise Development (IRED) © is an area of organizational development that should be at the heart of any public or private-sector, infrastructure-enterprise’s strategic planning efforts.
Environmental Systems Dimensions of Transport Development and Management
ITP has been working at the leading edge of market, enterprise and systems-management dimensions of environmental, residuals management since the early 1980s when ITP staff created an integrated, enviromental-residuals, offset market integrating emissions-control strategies of both mobile and stationary sources of particulates and hydrocarbons. ITP staff designed this market framework for two major metropolitan regions.
These same tools, institutional formats and management systems that could deliver far lower enterprise, facility and sectoral, residuals- management costs than traditional apporaches for industry and transport systems in the Baltimore and Philadelphia regions can be profitably used to meet today’s emerging, environmental, global-warming-related requirements.
Market Financed Highway and Transit Projects.
ITP and its staff have been instrumental in assisting public and private clients in developing a new form of financially and operationally-integrated, tolled-development platforms. It accomlished this advance at both the policy and facility levels.
In the process of assisting government in the creation of new policy frameworks needed to support the market and enterprise innovations, ITP and its staff helped both the public and private sector to realize more-profitable, market-financed systems.
In Houston, for the Harris County Toll Road Authority (HCTRA), ITP’s staff worked with HCTRA staff and consultants to design a market-fundable, business plan for the nation’s first, market-finance-able, BRT-transit/tolled-LOV facility in the median of IH-10 under what was an effective Build Operate Transfer (BOT) format. The public partners included local, state and federal highway and transit organizations in the delivery of a market-funded, $500-million, transportation investment.
ITP staff replicated this business model in Dallas, Texas for the Texas Department of Transportation in the median of IH-635. It is currently under construction by a private concessionaire.
ITP staff duplicated these successes with a similar system that is in partial operation and continued development in the median of I-95. The public sector partners include Florida of Department of Transportation, Miami METRO, Broward County Transit, US FHWA, US FTA and others.
This facility is being expanded into a regional multimodal network, to comprised and operated by a consortium of local toll and transit organizations. ITP helped FDOT secure a Value Pricing Pilot Project grant to support this design process and is assisting in the design of the multi-organization management system top assist in the implementation of this ground-breaking, toll-network, systems innovation.
Together these projects represent the leading edge in toll-systems design and development.
Planning of Community Development, Transport Systems and Infrastructure Finance.
An example of our comprehensive, community-design-management work is the Metroform project, completed for the Delaware Department of Transportation (DOT). In this project, ITP worked with government agencies, developers, local residents and other stakeholders to plan and design a prototypical development model that would serve as the basis for a new, integrated, infrastructure-investment strategy for the state.
With the Metroform area as a case study site, ITP demonstrated its innovative IRED © approach. ITP led a multi-agency team from all levels of government. This team shaped a land use/transport strategy that linked existing railway facilities with a proposed new mass transit line and new, bus services, thereby creating a high density development spine. With this device, ITP and its team members enabled the accommodation of far more development in a market-financially supportable manner while at the same time reducing environmental pollution and protecting existing neighborhoods and residents from the onslaught of congestion, pollution, noise and loss of open space.
Achieving the form of development outlined in ITP’s physical, financial and operational plan required the legislative enactment of a number of market, institutional and fiscal reforms and innovations. Therefore, ITP’s overall support also included the:
- design of necessary legislative and institutional enabling mechanisms, e.g., transport overlay financing district, village center zoning district,
- county-wide growth management strategy
- state DOT infrastructure investment policy,
all coordinated with the state’s economic development planning program.
The new community design and institutional framework we developed for DELDOT accommodates more than 50,000 new residents and 80,000 new jobs. The plan calls for, in approximate 2010 dollars:
- $1 billion in multi-modal infrastructure, all of which can be financed by value-creation/value-capture, enterprise strategies in partnership with state and local resources;
- $6 billion in non-residential construction;
- $4 billion in residential construction.
It was estimated that to support this level of development utilizing the traditional, suburban/SOV-based land-use model would require an investment of over $2.5 – 3 billion in highway-based facilities.
This savings of over $2 billion in infrastructure investment manifests itself as a competitive advantage in the global market place. This results in lower taxes, higher profits, faster economic development.
This is what ITP sees as the output of successful infrastructure. We have moved infrastructure’s objective far beyond congestion relief, and we can deliver on that claim.
Public-Policy and Project-Level Support for Privately-Developed Highway and Transit Projects.
In the area of privatization, ITP has worked in a variety of roles. In the early 1990s, in Pennsylvania, ITP recognized the benefits achievable from PPP in infrastructure innovation in the state and the opportunity to demonstrate its validity. ITP assembled a consortium that included Lehamn Brothers, Louis Berger, URS, Allied Signal, Blank Rome and Comiski and others to deliver a market-finance-able, open-road-tolled, transit/HOV-integrated, managed-lane-network facility in the medians of I-476 and I-95. The state was not able to deliver the necessary PPP enabling legislation; so the project was not realized. None-the-less, ITP led the way in demonstrating approaches that are today just coming to be widely accepted practice.
ITP is still advancing the concepts developed in that project and others it created in the intervening 15 years by continuing to work with legislators and elected representatives to fashion the PPP, legislative framework to enable the construction of Pennsylvania’s first privately-built and financed, tolled systems in the state in more than a century.
Some recent presentations and assessments innovative, modally and developmentally integrated,market finance-able systems include presentations to:
- Testimony before the Joint Legislature Committee, Policy and Transportation, June 2010
- Presentation to Philadelphia International Airport’s Strategic Planning Committee, Developing and financing direct rail access from the south and primary access for AMTRAK service, June 2010,
- Testimony before the House Policy Committee, Jan., 2010,
- Presentation to the Chair of the Philadelphia City Council Transportation Committee, Dec., 2009,
- Presentation to the Philadelphia Regional Metropolitan Council, Dec., 2009,
- Presentation to the Department of Planning, Delaware County, PA, Dec., 2008
Conducting Transport-Related, Policy-Planning Studies.
Under a program funded by the German Marshall Fund and the Rockefeller Brothers Fund, Center for Clean Air Policy (CCAP) sought ITP’s guidance for policy-based programs to reduce transport-generated greenhouse gases for several of its project sites in Europe.
In the Pilsen region of the Czech Republic, ITP provided the Pilsen Regional Council with an evaluation of specific freeway plans as well as their overall, transport, capital-investment strategy. Following ITP-led, community, workshops/review, ITP in partnership with CCAP’s staff and local interests prepared a broad-based, stakeholder, planning model.
This new plan and process enabled local, public and private representatives to reshape the proposed transport facilities in order to reduce their potential to generate the diseconomies that have become traditionally associated with the excessive reliance upon the SOV. At the same time, the higher productivity of our multi-modally-based, land/economic development, and transport strategy will result in a far more competitive environment for new industry to locate.
Developing and Leading Training Programs in Transport-Related Financial and Modal Systems Planning.
ITP also gives technical and operational support in the development of transport training programs. For the US Agency for International Development, ITP planned and staffed a two-week workshop in the Philippines. Participants included federal, cabinet-level officials and private-sector executives.
Topics covered included the transport, land use, fiscal and institutional issues related to a national initiative to promote implementation of a Build-Operate-Transfer, infrastructure-financing program. The workshop was structured around case studies of water, power and transport facilities. In the transport workshop, for example, a financing plan for the coastal toll road out of Manila was developed. This process played a role in the actual construction of that facility. It is in operation today on Luzon and it is being expanded.