Los Angeles County Metropolitan Transporta8on Authority Sepulveda Pass Transit Corridor Kathleen Sanchez L.A. County Metro October 30, 2013 Sepulveda Pass Transit Corridor – A Link through the “Pass” • Create alternave to I-405 Freeway between San Fernando Valley and Westside – Site of “Carmegeddon” during HOV lane ConstruC*on – San Fernando Valley heavily residen*al – Westside signifiCant employment and ac*vity Centers – LAX at south end of Corridor • Ul*mate ConCept at $30+ billion • $2.4 billion (YOE) in Measure R available for 2039 delivery • Revenue risk (or hybrid) P3 Could provide earlier projeCt? – Considering pre-development agreement – Possible RFI/RFQ/RFP by end of 2014 Sepulveda Pass / I-405 Measure R ProjeCt Transit Projects Included in Measure R Approximately $1 Billion Allocated in Third Decade for I-405 “Connection” Sepulveda Pass Mobility Issues • CruCial transportaon link – 500,000 vehiCles/day now • Severe transit limitaons – Metro Rapid peak hour trip averages 10 mph both direC*ons (1+ hour for 13 miles) • SignifiCant Conges*on – I-405 one of most traveled urban highways in US – Core of Pass to I-105, 3rd most Congested freeway segment in US – InterChanges at US-101 and I-10 two of 5 most Congested in US • Peak demand between US 101 and I-10 – 49% of trips enter and exit in this segment Project Overview • LACMTA board authorized evaluaon of P3 projeCt poten*al for the Pass • Consider rail and tollway ConneC*on between the San Fernando Valley and Westside • Consider LAX/Airport and East San Fernando Valley Transit ConneCtors • Likely mega-ConCession with revenue risk transfer • Es*mated Cost preliminarily $30 billion for ul*mate build- out • Es*mated revenue Could leverage the development of a projeCt in the range of $10 billion in Capital Cost Sepulveda Pass Corridor Extends for 30 miles • San Fernando Valley - 11 miles • Sepulveda Pass – 9 miles • Westside to LAX – 10 miles Potenal Transit Connecons • Metrolink Antelope Valley Line • Metrolink Ventura Line • East San Fernando Valley Transit Corridor • Metro Orange Line • Westside Subway Extension • Expo Line Phase 2 • Crenshaw/LAX LRT ProjeCt • Airport Metro ConneCtor • Metro Green Line Potenal Highway Connecons • SR 118 • US 101 • I-10 • SR 90 • I-105 Initial Concept: Combined Highway and Rail Tunnel(s) • Toll bypass Highway – Large bore highway tunnel length: 21 miles • Sylmar to LAX • Premium Rail Transit Line – Tunnel length: 21 miles • Van Nuys Metrolink Staon to LAX (Century/Aviaon) – P3 would set transit fares at propor*onal Cost to highway tolls • DynamiC priCing struCture for tolls and transit fares • Ini*al phase approximately 10 miles between US-101 and I-10 • Future extensions north and south Toll Highway/Rail Guideway 8 Capacity Before and After Average Weekday Person Throughput “Over the Pass” • Due to the extremely high Cost of the long tunnels, these improvements would likely need to be developed and phased as a P3 projeCt. • Pre-Development Agreement (PDA) proCess is the best way to mi*gate teChniCal and finanCial Challenges under a P3 proCurement strategy. Current Status • Sepulveda Pass Corridor inCluded in Measure R expenditure plan and LRTP but with 2039 delivery date and insuffiCient funding. Addi*onal sourCes of revenue must be sought. • Ini*al Systems Planning Study Completed in November 2012 of various modal ConCepts for the Sepulveda Pass Corridor. Findings: — 49% of traffiC enters or exits between US-101 and I-10, 10 mile segment — 80% of foreCasted transit boardings would oCCur between Metro Orange and Metro Expo Lines, 11 mile segment — Grade separated ConCepts substan*ally improve both vehiCle and person throughput Current Status (continued) • Industry forum held May 1, 2013 to share Metro’s Current thoughts about the projeCt status and reCeive input, adviCe and sugges*ons from the infrastruCture ConCession, Contrac*ng and engineering Community, speCifiCally with regard to a P3 approach to projeCt delivery. Findings: – Clear and dis*nCt interest in pursuing Sepulveda Pass inCluding LAX ConneC*on. Less interest in East San Fernando Valley Transit Corridor. – Generally believe pre-development (PDA) is best to mi*gate teChniCal and finanCial Challenges – Cri*Cal risks: revenue generaon, geoteChniCal unknowns, environmental approvals, maintenanCe of poli*Cal support – No Consensus regarding projeCt sizing or phasing, other than to build highest revenue poten*al Component first Next Steps and Schedule • Next Steps: – Revenue Maximizaon Assessment • Will drivers and transit riders be willing to pay premium tolls/fares? – FinanCial Feasibility • based on revenue assessment, iden*fy affordable alternaves • 2014-2015: Pre-Development Agreement SoliCitaon -Undertake TeChniCal Studies -Develop Preliminary ProjeCt Defini*on -Define ProjeCt for Pre-Development Agreement -Finalize PDA DoCuments -Distribute Dra and Final PDA to Industry -SeleCt PDA Contractor • 2016-2017: Design and ConstruC*on Preparaon -Finalize Design -Finalize Environmental Studies and Obtain ROD -Finalize PriCing with PDA Contractor or Ini*ate Compe**ve SoliCitaon -Ini*ate ConstruC*on Los Angeles County Metropolitan Transportation Authority Thank you! Kathleen SanChez PubliC-Private Partnership Program Manager L. A. County Metro P: 213-922-2421 E: [email protected] hqp://www.metro.net/ppp .