DOCSLIB.ORG

2021 Adopted Budget

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2021 Adopted Budget 2021 Adopted Budget Authority Members; Kevin Stitt, Member Ex-Officio Tim Gatz, Secretary of Transportation/Executive Director Gene Love, Chairman John Jones, Vice Chairman Dana Weber, Secretary/Treasurer Guy Berry, Member Kenneth Adams, Member John Titsworth, Member Todd Cone, Member Prepared by the Finance and Revenue Division of the Oklahoma Turnpike Authority. ACKNOWLEDGMENTS Preparation of this document was coordinated by the staff of the Oklahoma Turnpike Authority and the staff of the Finance and Revenue Division. Management staff includes: Tim J. Gatz, Secretary of Transportation/Executive Director Alan Freeman, Assistant Executive Director, Finance & Administration Joe Echelle Assistant Executive Director, Maintenance, Engineering & Construction David Machamer, Assistant Executive Director, Toll and PIKEPASS Operations Mark Kalka Director of Maintenance Mary Biswell Director of Toll Operations Darian Butler Director of Engineering T. J. Dill Director of Construction Marcus Williams Director of Customer Service Wendy Smith Director of Finance and Revenue Julie Porter Controller Joni Seymour Director of Information Technology Cheryl O'Rourke Director of Administrative Services Major Mike Mize Oklahoma Highway Patrol Finance and Revenue staff : Wendy Smith, C.P.A. Patrice Collins Jordan Perdue Emily Sweet BUDGET MESSAGE & ORGANIZATIONAL INFORMATION Summary of Significant Budget Items Memo 1 Description of the Oklahoma Turnpike Authority 18 FINANCIAL BUDGET SUMMARY Division Organization Chart . 29 Summary of Cash Investments Accounts Chart . 30 Summary of Operating Results . 32 Financial Description of Entity . 34 Revenue Projections . 56 CAPITAL PLAN Five Year Capital Plan Summary . 59 Five Year Capital Plan Detail . 66 GENERAL FUND BUDGET General Fund Budget Summary . 77 General Fund Budget Detail . 78 RESERVE MAINTENANCE BUDGET Reserve Maintenance Fund Budget Summary . 101 Reserve Maintenance Fund Budget Detail . 102 OPERATING AND MAINTENANCE BUDGET Operating and Maintenance Fund Budget Summary . 103 Operating and Maintenance Fund Budget Detail . 107 Authority . 111 Executive Division . 115 Administration Branch . 120 Finance and Administration Branch 121 Toll & PIKEPASS Branch 122 Maintenance, Engineering and Construction Branch 123 General Counsel Branch . 124 Asset Management Branch . 125 Internal Audit Branch 127 Chief Security Officer Branch 128 Public Relations & Media Branch 129 Concession Administration Branch . 130 Maintenance Division . 131 Administration Branch . 138 HQ Vehicle Maintenance Branch 139 Maintenance Branch . 140 Engineering Division . 147 Administration Branch . 150 Project Management Branch . 151 Contruction Division 154 Office Branch . .. 157 Field Branch . 158 Toll Operations Division . 159 Administration Branch . 165 Back Office Branch 166 Attended Lane Operations Branch . 167 AVI Operations Branch . 169 Automatic Coin Machine Branch . 170 Automatic Ticket Issuing Machine Branch . 171 Customer Service Division . 173 Administration Branch . 178 Change, Control, Inventory & Accounting Branch 180 Enforcement Branch . 181 Phone Services Branch . 182 Star Services Branch 183 Refurbishment Branch 184 License Plate Tolling Branch 185 Finance and Revenue Division . 187 Budgeting and Financial Analysis Branch . 190 Debt Administration Branch . 191 Controller Division . 193 Administration Branch . 197 Accounting Branch . 198 Information Technology Division . 199 Information Systems Branch . 204 Document Imaging Branch 206 Telecommunications Branch . 207 Administrative Services Division . 209 Human Resources Branch . 214 Safety Training Branch . 215 General Organizational Support Branch . 216 Printing Services Branch . 217 Highway Patrol . 219 BUDGETARY POLICIES . 223 APPENDIX Glossary of Terms . 227 (This page is intentionally left blank.) OKLAHOMA TURNPIKE AUTHORITY 3500 Martin Luther King Avenue - P.O. Box 11357 - Oklahoma City, Oklahoma 73136-0357 - 405-427-8331 MEMORANDUM Date: December 8, 2020 From: Wendy Smith Subject: Adopted 2021 Annual Budget To: Authority Members On December 8, 2020, the Authority adopted the calendar year 2021 Annual Budget. The 2021 Annual Budget totals $109,582,398 for operations and maintenance of the turnpike system. A detailed Capital Plan covering the years 2021-2025 can also be found. The Construction Budget contains details of the progress of the Driving Forward Program that was announced in October of 2015. This initiative had been developed to address the critical needs to expand and enhance the transportation system in Oklahoma. Oklahoma has effectively invested in expanding and improving our transportation network many times in support of the public need for safe passage and to provide for the more efficient movement of goods and services across the state and the country. Additional details regarding the adopted budget and each division with its associated branches is provided in the budget document. Further details of this budget can be found in the memorandum beginning on the following pages including various steps taken to mitigate the effects of COVID 19. This budget has been prepared based on criteria established by the Government Finance Officers Association (GFOA). Sincerely, Wendy J. Smith, CPA OTA 2021 Adopted Budget Page 1 (This page is intentionally left blank.) OTA 2021 Adopted.
Load more

Recommended publications
  • 2006 1St Qtr Bondholders Financials.XLS
    Governor Brad Henry, Member Ex-Officio Douglas F. Riebel, Chairman Mike Leonard, Vice-Chairman Greg Massey, Secretary & Treasurer Clark Brewster, Member Hal Ellis, Member C. Kendric Fergeson, Member Phil Tomlinson, Secretary of Transportation Oklahoma Turnpike Authority Report to Bondholders First Quarter 2006 Phil Tomlinson, Director and Secretary of Transportation Prepared by the Controller Division Brad Henry Phil Tomlinson Governor Director Member Ex-Officio Secretary of Transportation 3500 Martin Luther King Ave. · P.O. Box 11357 · Oklahoma City, OK 73136-0357 · 405/425-3600 · Fax: 405/427-8246 · www.pikepass.com Dear Oklahoma Turnpike Authority Bondholders: Oklahoma’s unseasonably warm and dry winter weather contributed to steady revenue growth in the first quarter of 2006 for the Oklahoma Turnpike Authority (OTA). Net toll revenues for the first quarter of 2006 surpassed $46.3 million and realized a strong 4.3% increase over the first quarter of 2005. The John Kilpatrick Turnpike showed exceptional growth posting an 8.8% increase in net toll revenue over the first quarter of 2005. The Turner and Will Rogers Turnpikes continued steady growth of 4.6% and 5.0% in net toll revenues with over $12.3 million and $11.0 million in net toll revenues, respectively. The Chickasaw Turnpike closed to traffic in early March to undergo major pavement rehabilitation; construction is anticipated to be completed in late September. Toll transactions during the first quarter of 2006 surpassed 31.5 million, a significant 4.7% increase over the first quarter of 2005. Transaction growth rates in the first quarter grew 10.5% on the John Kilpatrick Turnpike and 4.3% on the Creek Turnpike over the same period last year.
    [Show full text]
  • Oklahoma Statutes Title 69. Roads, Bridges, and Ferries
    OKLAHOMA STATUTES TITLE 69. ROADS, BRIDGES, AND FERRIES §69-101. Declaration of legislative intent.............................................................................................19 §69-113a. Successful bidders - Return of executed contract................................................................20 §69-201. Definitions of words and phrases..........................................................................................21 §69-202. Abandonment........................................................................................................................21 §69-203. Acquisition or taking..............................................................................................................21 §69-204. Arterial highway.....................................................................................................................21 §69-205. Authority................................................................................................................................21 §69-206. Auxiliary service highway.......................................................................................................21 §69-207. Board......................................................................................................................................21 §69-208. Bureau of Public Roads..........................................................................................................21 §69-209. Commission............................................................................................................................21
    [Show full text]
  • Real Property Inventory of the State of Oklahoma
    MORRISON RAMP W BOUND EXIT CIMARRON TP CIMARRON TURNPIKE- (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED TOLL BOOTH SH 64WB EXIT CANOPY 978-09968) MORRISON NOBLE 1990 TOLL EXIT GATE S16 T21N R3E 100% 1990 100% 100% DAILY COWETA (SATELLITE)N BOUND EXT MUSK MUSKOGEE TURNPIKE- TP HWY 51 COWETA NB (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED TOLL BOOTH ENT BOOTH 978-09986) COWETA WAGONER 1995 TOLL EXIT GATE S15 T17N R16E 72 SF $75,000.00 100% 1995 100% DAILY 9011 JOHN KILPATRICK KILPATRICK TURNPIKE- (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED UTILITY BUILDING JKT N TOLL UTIL BLDG 978-12842) YUKON CANADIAN 2000 TOLL UTILITY BUILDING S36 T13N R5W 1,400 SF $352,877.00 100% 2000 100% DAILY MUSKOGEE TURNPIKE MI MARKER 12.73 MUSKOGEE TURNPIKE- (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED BARN COWETA SALT HOUSE 978-11159) COWETA WAGONER 1996 SALT BARN S15 T17N R16E 2,400 SF $100,800.00 100% 1996 100% DAILY ANTLERS MAINT YD @ MI 16 - INDIAN INDIAN NATION NATN TURNPIKE- ANTLERS (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED BARN SALT STORAGE BLDG 978-10342) ANTLERS PUSHMATAHA 1995 SALT BARN S5 T4S R16E 2,432 SF $102,144.00 100% 1995 100% DAILY MI 7 ON THE CHICKASAW CHICKASAW TURNPIKE- TURNPIKE MAINTENANCE BLDG #4 MECHANIC'S (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED BUILDING SHOP 978-10326) SUPLPHUR MURRAY 1995 SHOP S7 T1N R4E 1,800 SF $61,200.00 100% 1995 100% DAILY BDWY EXT, KILPATRICK TURNPIKE- KILPATRICK TNPK BDWY EXT WB EXIT (BUILDING/ROOM# OKLAHOMA TURNPIKE AUTHORITY OWNED TOLL BOOTH BOOTH GEN 978-09219) CITY OKLAHOMA 1991 TOLL BOOTH & GEN S15 T13N R3W 56 SF 100% 1991 100% DAILY COWEETA (SATELLITE)S BOUND EXT MUSK MUSKOGEE TURNPIKE- TP HWY 5 COWETA SB EXT (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED TOLL BOOTH BOOTH 978-09987) COWETA WAGONER 1995 TOLL EXIT GATE S15 T17N R16E 72 SF $75,000.00 100% 1995 100% DAILY LEACH EXIT ON CHEROKEE TP CHEROKEE TURNPIKE- (BUILDING/ROOM# TURNPIKE AUTHORITY OWNED RETAIL BUILDING BURGER KING/EZ GO 978-10016) LEACH DELAWARE SERVICE PLAZA S15 T20N R22E 100% 100% 100% DAILY ELGIN RAMP NORTH BAILEY TURNPIKE- H.E.
    [Show full text]
  • N Cherokee Turnpike
    N 10 5,473 Locust 82 3,446 3,373 Grove West 3,428 Siloam 3,507 Leach Kansas Springs 3,517 5,381 3,620 Cherokee Turnpike Average Daily Traffic For the year ending December 31, 2015 Length of Turnpike: 32.8 miles N TOTAL 1,477 To TOTAL I-35 To 1,477 Ada 7 1 1,460 1,460 1 Roff Sulphur Chickasaw Turnpike Average Daily Traffic For the year ending December 31, 2015 Length of Turnpike: 17.3 miles N 2,795 2,980 To Enid 2,781 Morrison 1,938 2,985 3,166 4,883 Hallet 4,955 3,176 To 18 4,918 99 4,973 48 Tulsa Hallet Stillwater 1,959 Cimarron Turnpike Average Daily Traffic For the Year ending December 31, 2015 5,475 5,166 5,545 5,313 5,650 5,342 5,821 <-------westbound 5,339 7,874 9,917 9,854 23,966 26,521 27,194 6,076 18,047 7,347 10,987 13,315 5,508 6,781 7,024 W. Ave W. 7,754 6,282 12,331 10,635 7,239 S. 65th S. 8,090 10,180 10,029 11,222 18,105 23,769 27,459 27,992 7,039 -----eastbound---------> 12,490 11,748 10,111 7,633 Creek Turnpike For the year ending December 31, 2015 N Lawton/Fort Sill 49 9,341 Cyril Chickasha To Oklahoma 3,400 5628 36 City 10,418 37 Elgin 9,522 3,191 7 County 9,195 Road 3,301 5,610 10,480 9,578 Walters 3,418 Newcastle To Randlett 3,165 Texas To 9 Norman State 3,415 Newcastle H.E.
    [Show full text]
  • 2010-2035 Long Range Plan
    The 2010-2035 Oklahoma Long Range Transportation Plan was approved by the Oklahoma Transportation Commission on December 6, 2010. This plan document is available at: Oklahoma Department of Transportation Planning and Research Division 200 NE 21st Street Oklahoma City, OK 73105 and on the Department’s website at: http://www.okladot.state.ok.us/p-r-div/planning.htm 2010–2035 Oklahoma Long Range Transportation Plan Prepared for: Oklahoma Department of Transportation Prepared by: Parsons Brinckerhoff December 2010 2010–2035 Oklahoma Long Range Transportation Plan Table of Contents Chapter 1 Introduction ..................................................................................................... 1-1 Background ........................................................................................................................... 1-1 Coordination with Metropolitan Planning Organizations .................................................... 1-1 Coordination with the State Transportation Improvement Program (STIP) ........................ 1-2 Coordination with the 8-Year Construction Work Plan ........................................................ 1-3 Public Involvement Activities ................................................................................................ 1-3 Organization of this Plan Document ..................................................................................... 1-3 Continuing Efforts ................................................................................................................
    [Show full text]
  • Governor Mary Fallin, Albert C. Kelly, Jr., David A
    Governor Mary Fallin, Member Ex-Officio Albert C. Kelly, Jr., Chairman David A. Burrage, Vice-Chairman G. Carl Gibson, Secretary & Treasurer Kenneth Adams, Member Kevin Hern, Member Gene Love, Member Gary Ridley, Secretary of Transportation Oklahoma Turnpike Authority Report to Bondholders Fourth Quarter 2013 Tim Stewart Executive Director Prepared by the Controller Division 3500 Martin Luther King Ave. P.O. Box 11357 Oklahoma City, OK 73136-0357 405/425-3600 Fax: 405/427-8246 www.pikepass.com Dear Oklahoma Turnpike Authority Bondholders: Unlike the mild winter weather experienced in the later part of 2012, there were several winter storms at the end of 2013. The degree of travel impairment varied across the state, as certain areas received more precipitation than others. Creating a positive impact to the Turnpike System, the fourth quarter also marked the opening of the much-anticipated expanded lanes on the John Kilpatrick and Creek Turnpikes. For the quarter ended December 31, 2013, net toll revenues reported just under $58.4 million, a .5% increase when compared to the 2012 fourth quarter net toll revenues of $58.1 million. Even with the extreme weather, traffic growth on the urban John Kilpatrick and Creek Turnpikes increased 9.1% and 2.2%, respectively, for the fourth quarter when compared to the fourth quarter of the previous year. Overall, during the fourth quarter, passenger traffic on the Turnpike System increased 2.9% when compared to the same period last year, and heavy truck traffic grew 1.4%. Year-to-date net toll revenues for 2013 came in above $232.7 million, remaining relatively flat when compared to the previous year of $233.5 million.
    [Show full text]
  • O K L a H O M a Turnpike Authority
    O K L A H O M A Turnpike Authority 2020 Adopted Budget Authority Members; Kevin Stitt, Member Ex-Officio Tim Gatz, Secretary of Transportation/Executive Director Dana Weber, Chairwoman Gene Love, Vice Chairman John D. Jones, Secretary/Treasurer Guy Berry, Member John Titsworth, Member Todd Cone, Member Prepared by the Finance and Revenue Division of the Oklahoma Turnpike Authority. ACKNOWLEDGMENTS Preparation of this document was coordinated by the staff of the Oklahoma Turnpike Authority and the staff of the Finance and Revenue Division. Management staff includes: Tim J. Gatz, Executive Director Alan Freeman, Assistant Executive Director, Finance & Administration Joe Echelle Assistant Executive Director, Maintenance, Engineering & Construction David Machamer, Assistant Executive Director, Toll and PIKEPASS Operations Paul Caesar Chief Information Security Officer Mark Kalka Director of Maintenance Mary Biswell Director of Toll Operations Darian Butler Director of Engineering Shawn Davis Director of Construction Marcus Williams Director of PIKEPASS Customer Service Wendy Smith Director of Finance and Revenue Julie Porter Controller Joni Seymour Director of Information Technology Cheryl O'Rourke Director of Administrative Services Major Todd Blish Oklahoma Highway Patrol Finance and Revenue staff : Wendy Smith, C.P.A. Patrice Collins Jordan Perdue Emily Sweet BUDGET MESSAGE & ORGANIZATIONAL INFORMATION Summary of Significant Budget Items Memo 1 Description of the Oklahoma Turnpike Authority 17 FINANCIAL BUDGET SUMMARY Division Organization Chart . .27 . Summary of Cash Investments Accounts Chart . .28 . Summary of Operating Results . 30. Financial Description of Entity . .32 . Revenue Projections . .41 . CAPITAL PLAN Five Year Capital Plan Summary . 45. Five Year Capital Plan Detail . 48. GENERAL FUND BUDGET General Fund Budget Summary .
    [Show full text]
  • January 16, 2018 Call to Order: Roll Call: Introduction Of
    JANUARY 16, 2018 MINUTES OF THE REGULAR MEETING OF THE OKLAHOMA TURNPIKE AUTHORITY, HELD JANUARY 16, 2018 AT THE NEAL A. MCCALEB TRANSPORTATION BUILDING, 3500 MARTIN LUTHER KING AVENUE, OKLAHOMA CITY, OKLAHOMA 73111. NOTICE of the schedule of regular meetings of the Oklahoma Turnpike Authority for the calendar year 2018 having been given to the Oklahoma Secretary of State, and public notice and agenda having been posted in prominent public view at the principal office of the Oklahoma Turnpike Authority, Neal A. McCaleb Transportation Building at 3500 Martin Luther King Avenue, Oklahoma City, Oklahoma, twenty-four (24) hours prior to this meeting, excluding Saturdays, Sundays and legal holidays, all in compliance with the Oklahoma Open Meeting Act. CALL TO ORDER: Ms. Dana Weber called the meeting to order at 10:30 a.m. ROLL CALL: PRESENT: Ms. Dana Weber Mr. G. Carl Gibson Mr. Kenneth Adams Mr. Guy L. Berry Mr. Gene Love ABSENT: Mr. David A. Burrage INTRODUCTION OF GUESTS: Ms. Jenny Johnson introduced the following guests: Ms. Danell Barmore, PIKEPASS, Tulsa; Mr. Gordon Johnson, Cowan Group, Oklahoma City; Mr. Kevin Kriewall, Craig & Keithline, Tulsa; Mr. Rhett Bredy, JP Morgan, Dallas, TX; Mr. Antti Suhonnan, JP Morgan, Denver, CO; Mr. Ronald Weltzheimer, Olsson, Oklahoma City; Mr. John Bowman, Poe & Associates, Oklahoma City; Mr. Todd Brawley, Olsson, Oklahoma City; Mr. Brian Schmitt, Triad Design, Oklahoma City; Mr. Jim Kelly, RBC Capital Markets, Chicago, IL; Mr. Jonathan Hisey, MKEC, Oklahoma City; Mr. Sri Koneru, MKEC, Oklahoma City; Mr. Greg Sparks, MKEC, Oklahoma City; Mr. Daniel Humphrey, Atkins, Norman; Mr. Evan Ludwig, Lochner, Oklahoma City; and Mr.
    [Show full text]
  • Oklahoma Turnpike Authority
    OKLAHOMA TURNPIKE AUTHORITY Comprehensive Annual Financial Report For The Year Ended December 31, 2010 A Component Unit of the State of Oklahoma This report is dedicated to the memory of Oklahoma Highway Patrol Captain George Green. Captain George Green was a highly esteemed, 31-year veteran of the Oklahoma Highway Patrol. Captain Green’s most recent duty was as Troop Commander for troops on the Cimarron, Turner and Kilpatrick Turnpikes. Captain Green will be greatly missed. COMPREHENSIVE ANNUAL FINANCIAL REPORT For the Year Ended December 31, 2010 Oklahoma Turnpike Authority A Component Unit of the State of Oklahoma Oklahoma City, Oklahoma Prepared by the Controller Division About the OKLAHOMA TURNPIKE AUTHORITY The Oklahoma Turnpike Authority (OTA) is an instrumentality of the State of Oklahoma created by the State Legislature by statute in 1947 for the purpose of constructing, operating and maintaining the Turner Turnpike. In 1953, the original purpose was statutorily redefined to allow the construction of additional turnpikes and to change the Authority’s membership to include a representative from each of six Oklahoma districts specifically defined in the OTA’s bylaws and Oklahoma Statute. These changes were ratified by a statewide referendum in January 1954. The Oklahoma State Legislature has the exclusive right to authorize turnpike routes. Subsequently, the OTA has the responsibility to complete engineering and economic feasibility analyses of the authorized routes before any turnpike can be constructed. Turnpike bond sales must be approved by the Council of Bond Oversight and must comply with all rules and regulations of the United States Treasury Department and the United States Securities and Exchange Commission.
    [Show full text]
  • Chickasaw Turnpike Average Daily Traffic for the Year Ending December 31, 2012
    N 1,280 To To I-35 1,280 Ada 7 1,269 1 1,269 1 Roff Sulphur Chickasaw Turnpike Average Daily Traffic For the Year ending December 31, 2012 Length of Turnpike: 17.3 miles 10/3/2013 3:27 PM 2012 map Chickasaw N 10 4,812 Locust 82 3,054 3,006 Grove West 3,106 Siloam 3,140 Leach Kansas Springs 3,164 4,750 3,299 Cherokee Turnpike Average Daily Traffic For the Year ending December 31, 2012 Length of Turnpike: 32.8 miles 10/3/20133:27 PM2012 mapCherokee N 2,641 2,803 To Enid 2,578 Morrison 1,684 2,735 2,975 4,321 Hallet 4,433 2,927 4,370 4,472 18 99 48 To Tulsa Hallet Stillwater 1,712 Cimarron Turnpike Average Daily Traffic For the Year ended December 31, 2012 10/3/20133:27 PM2012 mapCimarron 4,461 4,587 4,608 4,531 Creek Turnpike For the Year ending December 31, 2012 4,678 4,540 4,775 <-------westbound 4,510 7,629 9,540 9,486 21,940 25,298 25,978 4,883 16,562 6,109 10,493 11,308 4,616 5,704 5,901 W. Ave W. 6,487 5,345 9,898 9,172 6,100 S. 65th S. 7,809 9,774 9,640 10,722 16,731 21,753 25,895 26,384 5,993 -----eastbound---------> 10,622 9,468 8,732 6,452 N Lawton/Fort Sill 49 To 8,395 Cyril Chickasha Oklahoma 3,164 5127 36 City 9,601 37 Elgin 8,786 2,933 7 County 8,221 Road 3,080 5,105 9,589 8,806 Walters 3,081 Newcastle To Randlett 2,907 Texas To 9 Norman State 3,082 Newcastle H.E.
    [Show full text]
  • FINAL REPORT Price Elasticity of American Toll Roads: Historical Evidence, Panel Data Analysis, and Policy Implications
    FINAL REPORT Price Elasticity of American Toll Roads: Historical Evidence, Panel Data Analysis, and Policy Implications Date of report: August 2017 Jeong Yun Kweun, Graduate Research Assistant, George Mason University Shanjiang Zhu, PhD, Assistant Professor, George Mason University Jonathan Gifford, Professor, George Mason University Prepared by: Side and Reva Dewberry Department of Civil, Environmental, and Infrastructure Engineering, George Mason University 4400 University Drive, MS 6C1, Fairfax, VA, 22030 Prepared for: Transportation Informatics Tier I University Transportation Center 204 Ketter Hall University at Buffalo Buffalo, NY 14260 1. Report No. 2. Government Accession No. 3. Recipient’s Catalog No. 4. Title and Subtitle 5. Report Date Price Elasticity of American Toll Roads: Historical Evidence, August 2017 Panel Data Analysis, and Policy Implications 6. Performing Organization Code 7. Author(s) 8. Performing Organization Report No. Jeong Yun Kweun, Shanjiang Zhu, Jonathan Gifford 9. Performing Organization Name and Address 10. Work Unit No. (TRAIS CEIE, George Mason University, 4400 University Drive, 11. Contract or Grant No. MS6C1, Fairfax, VA, 22030 DTRT13-G-UTC48 12. Sponsoring Agency Name and Address 13. Type of Report and Period Covered US Department of Transportation Office of the Final 10/2015 – 08/2017 UTC Program, RDT-30 1200 New Jersey Ave., SE 14. Sponsoring Agency Code Washington, DC 20590 15. Supplementary Notes 16. Abstract Empirical analysis of price elasticity on U.S. toll roads is urgently needed in policy debates and investment decision-making as the transportation infrastructure needs grow rapidly and the market for Private-Public Partnership is expanding in many States. This project first reviews the historical evidence on toll elasticity reported in literature, and then developed a database of U.S.
    [Show full text]
  • Construction Projects
    CCURRENTURRENT CCONSTRUCTIONONSTRUCTION PPROJECTSROJECTS Updated 3/8/2011 Turner Turnpike Mile marker 145-147 (Luther Interchange) Crews are adding on ramps for travelers westbound and off ramps for those motorists traveling eastbound. Traffic is shifted, but all four lanes remain open. Completion is scheduled for Spring 2011. Will Rogers Turnpike H.E. Bailey Turnpike Indian Nation Turnpike There are currently no projects affecting travel. Muskogee Turnpike Mile Marker 9.5-12.6 Pavement rehabilitation project from mile marker 9.5 to 10.7 eastbound to repair concrete and mile markers 9.5 to 12.6 westbound. Traffic is down to single lane in each direction. Motorists should expect delays. Completion scheduled for Fall 2010. Muskogee Service Plaza Plaza is closed 9th for complete rebuild. No access to plaza during construction. Completion is scheduled for Spring 2011. Cimarron Turnpike There are currently no projects affecting travel. Kilpatrick Turnpike Installation of cable barrier system from Eastern Ave. to Mac- Arthur Ave. Completion is scheduled for Spring 2011. Cherokee Turnpike Currently there are no project affecting traffic. Creek Turnpike Installation of a cable barrier system in the center median from State Highway 75 to Memorial Road. Completion is scheduled for Spring 2011. Road Conditions During bad weather, our Public Information Office is kept advised of road conditions throughout the state by the Oklahoma Highway Patrol, Oklahoma Department of Transportation and other law enforce- ment agencies. For the latest conditions on Oklahoma turnpikes, please call (877) 403-7623. State Road Condition Phone Numbers Oklahoma (405) 425-2385 (888) 425-2385 Oklahoma (877) 403-7623 Turnpikes Texas (800) 452-9292 Kansas (800) 585-7623 Missouri (800) 222-6400 Colorado (303) 639-1111 Arkansas (501) 569-2374 Contact Us Oklahoma Turnpike Authority (405) 425-3600 Hours: Monday—Friday 7:30 a.m.—4:30 p.m.
    [Show full text]