Timeline

1
OOCEA Briefing to the Transportation
Committee October 17, 2005
2
Overview

• Created in 1963 by the Florida Legislature to
  construct limited access toll roads throughout
  Central Florida
• Oversight by five member Board three
  gubernatorial appointees, two Ex-Officio members
• Privatized operation consisting of a lean staff
  of 43 employees

3
Expressway Authority Board

• Allan E. Keen, Chairman
• Chairman Owner The Keewin Real Property
  Company
• Orlando L. Evora, Vice Chairman
• Co-Managing Shareholder Greenberg, Traurig
• Arthur J. Lee, Secretary/Treasurer
• President Lee, Wesley Associates
• George Gilhooley, Ex-Officio
• Secretary, District Five FDOT
• Richard T. Crotty, Ex-Officio
• Mayor Orange County

4
OOCEA Mission

• Mobility through toll highways
• Fiscally sound
• Environmentally sensitive
• Serving economic centers
• Cooperation with other modes and jurisdictions

5
E-PASS

• Celebrated the 10-Year Anniversary last year -
  deployed in May 1994 - first in state
• Gateless system
• Over 460,000 active transponders
• Over 70 peak hour system wide ETC usage
• Over 60 24-hour system wide ETC usage

6
E-PASS

• E-PASS now a payment option at Orlando
  International Airport parking facilities
• The Expressway Authority worked closely with GOAA
  Florida's Turnpike Enterprise to make this
  convenient technology a reality for our customers
• Began operation in February 2005
• E-PASS/SunPass used as payment option for 27 of
  total revenue

7
E-PASS

• County by County Breakdown of E-PASS Accounts

Orange 134,388 47
Seminole 46,117 16
Lake 14,936 5
Osceola 10,132 4
Other 79,027 28
Total Accounts 284,600 100
8
2002
Past Future Timeline of Expressways
2009
1988
2000
1989
1989
1973
2002
1990
2005
1967
1974
OOCEA
1993
1996
2006
9
Finances
10
Finances

• FY 2005 gross toll revenue 183.6 million
• Budget FY 2006 200 million
• Average toll .67 per toll transaction
• Total annual toll transactions 300 million

11
Finances

• Exceptional bond rating from all three rating
  agencies
• Moodys A2
• Fitch A
• Standard Poors A
• Assets vs. Liabilities
• 2.1 billion in assets (historical/depreciated
  cost)
• 1.5 billion in liabilities
• 529 million in net assets

As of 6/30/04
12
Finances

• According to METROPLANs Transportation
  Improvement Program, the Expressway Authority is
  consistently among the largest roadway funding
  entities for Central Florida
• Cost of Existing System
• A new expressway costs about 40 million per mile
• The Expressway Authority has a 92-mile system
• The replacement value of the system is therefore
  approximately 3.68 billion

13
Finances

• Funded directly by user fees
• Not a burden on county tax payers
• Monies collected stay local to benefit entire
  Central Florida region

14
Finances

• If tolls were removed from the expressway system,
  a drastic tax increase would be needed just to
  pay off the bonds below are some examples of
  how these monies would be recovered
• Each Orange County taxpayer could be assessed
  2,300 OR
• The gas tax could increase by 60 cents, of which,
  our community may only receive 20
• Orange County would foot the bill while other
  counties would get a free ride
• Without funding, the system would deteriorate
  there would be no money to expand or improve the
  system

15
Financial PerformanceFY 1994 to FY 2005 Toll
Revenue
16
Seven-Year Monthly Revenue Trend
Projected Percentage of System Revenues Shown for
FY 2004 and FY 2042 Source System Traffic and
Earnings Report (Final Draft)
17
Toll Rate Comparison
18
Planning
19
Five-Year Work Plan

• More than 1 billion
• Equates to 50,000 new jobs in our community

20
Five-Year Work Plan
Projected Cost Summary (in Thousands) FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Total
Existing System Projects 114,823 138,297 86,283 6,133 1,690 347,226
System Expansion Projects 52,945 149,362 118,084 93,741 850 414,982
Interchange Projects 18,870 33,969 4,183 7,702 19,596 84,320
Toll Facilities Projects 60,176 26,008 22,414 13,547 200 122,345
Intelligent Trans Systems 14,764 7,838 3,144 3,154 3,369 32,269
Signing and Pavement 2,964 500 500 500 500 4,964
Renewal and Replacement 7,963 11,847 14,324 15,158 4,206 53,498
Landscape Projects 1,417 1,082 1,000 1,000 1,000 5,499
Total 273,922 368,903 249,932 140,935 31,477 1,065,103
Source OOCEA Five-Year Work Plan Adopted
August 2005
21
State Road 408 Widening

• 600 Million widening project extends from
  Hiawassee Road to State Road 417
• Intended to alleviate congestion due to growing
  traffic by increasing system capacity
• Traffic projected to double to 210,000 vehicles
  per day by 2025
• Seven segment project will be constructed over
  the next four years
• In an effort to keep construction impacts down,
  road work primarily occurs at night so it does
  not interfere with customer travel

22
Express Lanes

• Allows E-PASS customers to pay tolls
  electronically at posted highway speed
• First Express Lanes in Florida featured at Forest
  Lake Toll Plaza on S.R. 429 and University Toll
  Plaza on S.R. 417
• Two additional conversions have been completed
  Curry Ford Dean Road
• Hiawassee Mainline complete in summer 2006
• All toll plazas on the system are scheduled for
  conversion to Express Lanes by 2007

23
Partnerships

• Maitland Blvd. Extension (SR 414)
• 394 million project
• Received 35 million commitment from State
  Infrastructure Bank (SIB) program
• Wekiva Parkway
• Executive Order of the Governor
• Bill signed in June 2004
• Consensus agreement between pro-development
  environmental representatives
• Result of two years of work of the Wekiva Task
  Force Wekiva Coordinating Committee

24
Maitland Boulevard Extension
25
Maitland Boulevard Extension
Calendar Year
Activity
DurationMonths
2003
2004
2005
2006
2007
2008
2009
Advance Planning
9
6
PDE Re-evaluation
6-9
Preliminary Engineering
15-18
Design
Right-of-Way Acquisition Advance Right-of-Way
Acquisition Right-of-Way Acquisition
18
12
Permitting
9
Construction
24 to 30
Open to Public
26
Wekiva Parkway
27
(No Transcript)
28
The Future Beyond
29
The Future Beyond

• Additional community partnerships are always
  welcome as the Expressway Authority constantly
  looks for ways to improve its services for the
  region
• Investigating opportunities for E-PASS
  transponders as to be used as a payment option in
  a variety of locations to enhance customer service

30
Toll Industry Trends

• Current competing technologies prohibit
  regional/national interoperability
• It is the goal of industry leaders to have
  nationwide interoperability
• Automobile industry is aiding this goal by
  including transponders in vehicles
• Over the next 10 years, this will be a common
  feature in vehicles

31
Thank You!The Expressway Authority is committed
to building operating a better, safer faster
expressway system.

• 525 S. Magnolia Avenue Orlando, FL 32801
• 407.316.3800
• ExpresswayAuthority.com

We get you there We bring you home.