nymtc regional freight plan - New York Metropolitan Transportation ...

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A Freight Plan for the NYMTC Region Equity Act of 2003 (SAFETEA). New freight-related initiatives are included in both but are far more significant in TEALU. 2 TEALU includes the following features: • Funds five programs specifically designed to improve the movement of freight; • Provides close to $2 billion in funding to border states for highway projects that will improve the safe and efficient movement of people and goods at or across the border between the United States and Mexico and the United States and Canada; • Provides $3 billion in additional funding over six years to states for improvements on freight intermodal connectors, public roads leading to and from major intermodal facilities; • Creates a new program to fund projects of regional and national significance that will have a significant impact on the movement of goods and people beyond the immediate local area of the project; • Provides $5 billion over six years to fund a National Corridor Infrastructure Improvement program to fund regional and multi-state corridor projects that will improve mobility and economic growth in areas underserved by existing highway infrastructure; • Creates a new program to fund the construction of dedicated truck lanes to improve the safe and efficient movement of freight by separating truck traffic from traffic in regular lanes; and • Provides $150 million to deploy and expand the Commercial Vehicle Information Systems and Networks (CVISN) program. The program improves commercial motor vehicle efficiency by allowing motor carriers to by pass safety inspections and weigh stations, based on their safety records. This reduces vehicle downtime during roadside inspections. SAFETEA contains several proposals to broaden the ability of the Federal government to participate in freight projects: • Freight Gateways Program – This program would provide capital funding to address infrastructure and freight operational needs at freight transportation gateways. States would be allowed to “obligate funds apportioned to it for publicly owned intermodal freight transportation projects that provide community and highway benefits by addressing economic, congestion, security, safety, and environmental issues associated with freight transportation gateways.” 3 Eligible projects “may include publicly owned 2 HR 3550. 3 SAFETEA Sec. 1205(a), Sec. 325(d)(1). Cambridge Systematics, Inc. 7-5
A Freight Plan for the NYMTC Region intermodal freight transfer facilities, access to such facilities, and operational improvements for such facilities (including capital investment for Intelligent Transportation Systems), except that projects located within the boundaries of port terminals shall only include the transportation infrastructure modifications necessary to facilitate direct intermodal access into and out of such a port.” 4 Public/private partnerships would be allowed. • Freight Intermodal Connections – A funding set-aside is proposed within the National Highway System (NHS) funding program for NHS routes connecting to intermodal freight terminals. These routes will share the funding set aside with Strategic Highway Network (STRAHNET) connectors to strategic military deployment ports. 5 • TIFIA Eligibility – The Transportation Infrastructure Finance and Innovation Act (TIFIA) was created in TEA-21 to provide credit assistance to major projects of national significance. Under the SAFETEA proposal, it would be amended to expand the number of freight transportation facilities eligible for credit assistance. Eligible facilities would include public and private freight facilities, as well as public and private intermodal freight facilities. Any improvements at port terminals, however, are eligible for TIFIA credit assistance only if they are necessary to facilitate direct intermodal port access. Projects receiving both public and private sector funds, including private facilities receiving public funding, would be eligible to apply for TIFIA credit assistance. The threshold project cost eligibility for TIFIA credit assistance would be reduced from $100 million to $50 million. 6 • Private Activity Bonds – Private activity bonds are tax-exempt bonds issued for projects that are owned or leased by private enterprises. Under SAFETEA, such bonds would be allowed for surface freight transfer facilities, defined as “facilities for the transfer of freight from truck to rail or rail to truck (including any temporary storage facilities directly related to such transfers).” This category does not include air/rail or air/truck facilities, but those facilities may be eligible under existing law for taxexempt financing under the exemption for airport facilities. 7 Other innovative freight financing strategies involving combinations of public and private financing include: • Toll Policy and Management – Toll and user fees on highways and rail facilities can play an important role in financing multimodal transportation investment as has long been practiced in the New York region by agencies such as PANYNJ and the MTA, 4 SAFETEA Sec. 1205(a), Sec. 325(d)(2). 5 SAFETEA Sec. 1205(c). 6 SAFETEA Sec. 1304(a)(3). 7 SAFETEA Sec. 9004. Cambridge Systematics, Inc. 7-6
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NEW YORK METROPOLITAN TRANSPORTATIO
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A Freight Plan for the NYMTC Region
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Table ES.1 Actions by Goals and Str
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