presentation to njtpa joseph m. giglio, ph.d june 26th, 2008
Post on 04-Jan-2016
218 Views
Preview:
TRANSCRIPT
Presentation to NJTPAPresentation to NJTPA
Joseph M. Giglio, Ph.D
June 26th, 2008
2
The Current State of U.S. TransportationThe Current State of U.S. Transportation
Insufficient Capacity Lack of revenues Need for capital
investment Current state of
disrepair
Insufficient Capacity Lack of revenues Need for capital
investment Current state of
disrepair
3
Bureaucratization of the Highway programBureaucratization of the Highway program
Government Monopoly; No incentives for innovation or risk; Lack of user pricing to differentiate service; Uniformly mediocre products; Perpetual shortages; User satisfaction not a consideration; The construction industry Primary customer; Unachievable long range plans; and Local hoarding of resources
Government Monopoly; No incentives for innovation or risk; Lack of user pricing to differentiate service; Uniformly mediocre products; Perpetual shortages; User satisfaction not a consideration; The construction industry Primary customer; Unachievable long range plans; and Local hoarding of resources
4
Innovative Finance: Net New ResourcesInnovative Finance: Net New Resources
Need to develop Net New Resources; Not simply shifting monies from one time period to another; Net new resources are funds that would otherwise not be
available; Resources do not only include money; Resources also include savings from the provision of more
efficient services with less cost; and The basic criteria for determining an innovative source of
funding is the addition of new funds to transportation
Need to develop Net New Resources; Not simply shifting monies from one time period to another; Net new resources are funds that would otherwise not be
available; Resources do not only include money; Resources also include savings from the provision of more
efficient services with less cost; and The basic criteria for determining an innovative source of
funding is the addition of new funds to transportation
5
Cumulative Highway and Transit Needs Compared to Cumulative Highway and Transit Revenues, 2005-2025*
Cumulative Highway and Transit Needs Compared to Cumulative Highway and Transit Revenues, 2005-2025*
$0
$1
$2
$3
$4
$5
$6
Needs Existing Revenues
Funding Gap
*Data is Pre-SAFETEA-LU Legislation
Source: Cambridge Systematics based on FHWA and AASHTO data.
AASHTO
C&P Improve
AASHTO Maintain
$1.9 trillion gap
$1.4 trillion gap
$1.0 trillion gap
$600 billion gap
$100 billion uncertainty in
MFT yield
C&P Maintain
$5.3 trillion
$4.8 trillion
$4.4 trillion
$4.0 trillion
$3.3 trillion
6
A Pricing Framework
Strategic Pricing Program
Price Objectives
Price Strategy
Price Structure
Price Levels
Risk assumptive
vs. Risk-averse
Flexible vs.
Standardized
Market based vs.
Cost based
Proactive vs.
ReactivePrice Promotions
7
The Arrival of TechnologyThe Arrival of Technology
Finance, manage and integrate all modes of surface transportation
Enhance safety, mobility, efficiency, the environment and other social benefits; and
Market pricing for highways
Finance, manage and integrate all modes of surface transportation
Enhance safety, mobility, efficiency, the environment and other social benefits; and
Market pricing for highways
8
Vehicle Infrastructure IntegrationVehicle Infrastructure Integration
Connecting Vehicles and InfrastructureConnecting Vehicles and Infrastructure
Enabling on-the-go communication infrastructure
Enabling on-the-go communication infrastructure
9
Component PartsComponent Parts
IBM Compatible
Power Supply
OBU
Omni Directional Ant
Powersource
In Vehicle Computer
RSU
NEMA-4Enclosure
RSUElectronicsUnit
RSUPowerAdapter
•Roadside readers
•Onboard transponders integrated with vehicle
•Public and private applications
10
ConclusionConclusion
1. Transportation FinanceTransportation investments must be financed from a comprehensive set of revenue sources that are sustainable and reflective of customer choice;
2. Mobility ManagementThe U.S. must establish a transportation system where all modes operate as one in a Mobility Management environment; and
1. Transportation FinanceTransportation investments must be financed from a comprehensive set of revenue sources that are sustainable and reflective of customer choice;
2. Mobility ManagementThe U.S. must establish a transportation system where all modes operate as one in a Mobility Management environment; and
11
ConclusionConclusion
3. TechnologyThe U.S. must advance the rapid deployment of technology in all aspects of its transportation system to achieve optimal safety, security, and operational benefits into the future and promote market based pricing;
3. TechnologyThe U.S. must advance the rapid deployment of technology in all aspects of its transportation system to achieve optimal safety, security, and operational benefits into the future and promote market based pricing;
top related