The total 10-year project cost of implementing Integrated Corridor Management (ICM) strategies on the U.S. 75 Corridor in Dallas, Texas is estimated at $13.6 million with annualized costs of $1.62 million per year.
Results from an analysis, modeling and simulation (ASM) of ICM deployed on U.S. 75.
A study of the impact of ICM strategies on U.S. 75 Corridor estimated the capital, operating and maintenance (O&M) and annualized costs of a 10-year ICM project. The study used an Analysis, Modeling and Simulation (AMS) framework to assess the impacts of ICM on the corridor under high, medium, and low travel demand, daily operations, and freeway and arterial incidents. The study investigated various ICM strategies, including pretrip and en-route traveler information, mode shift to transit, freeway ramp metering, signal coordination on arterials with freeway ramp metering, physical bus priority, and congestion pricing on managed lanes.
The study assessed capital costs, which are up-front costs needed to procure and install ICM equipment; O&M costs, which are the continuing costs necessary to operate and maintain the deployed equipment including labor costs; and annualized costs, which are the average annual costs of deploying, operating, and maintaining ICM. Annualized costs are especially useful when estimating long-term budgetary impacts of ICM projects. Annualized costs are determined from capital costs that have been amortized over the anticipated life of each piece of equipment.
- The estimate for the annualized cost was $1.62 million per year (over 10 years).
- The estimate of the 10-year life-cycle cost was $13.6 million.
Integrated Corridor Management: Analysis, Modeling, and Simulation for the U.S. 75 Corridor in Dallas, Texas
Author: Cambridge Systematics, Inc.
Published By: Cambridge Systematics
Prepared by Cambridge Systematics for the U.S. DOT
Source Date: September 2010
EDL Number: Forthcoming
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Intelligent Transportation Systems > Freeway Management > Ramp Control > Ramp Metering
Intelligent Transportation Systems > Freeway Management > Lane Management > Pricing
Intelligent Transportation Systems > Traveler Information > Pre-Trip Information
Intelligent Transportation Systems > Traveler Information > En Route Information
Intelligent Transportation Systems > Freeway Management > Lane Management > High-Occupancy Vehicle Facilities
Intelligent Transportation Systems > Freeway Management > Lane Management > Lane Control
ramp meters, congestion pricing, value pricing, variable road pricing, managed lanes, high occupancy vehicles, carpool lanes, high occupancy vehicle lane, HOV