The conversion of 9.5-mile long I-394 HOV lanes to HOT lanes.
Minneapolis, Minnesota, United States
Summary Information
This purpose of this study is to conduct a benefit-cost analysis (BCA) to examine the net society benefits and costs of implementation of the I-394 MnPASS HOT lanes over the first ten years of deployment (2006-2015). The I-394 MnPASS HOT lanes are a 9.5 mile corridor connecting the western suburbs of Minneapolis with downtown with an AADT of up to 151,000.
Costs
Capital costs of the MnPASS program were $8,716,000 (in 2005 nominal dollars). Operating costs for the first four years of HOT lane operation are summarized in the following table:
2006
|
2007
|
2008
|
2009
|
|
Enforcement |
$121,126
|
$135,468
|
$113,347
|
$152,126
|
Postage |
$5,000
|
$5,000
|
$6,500
|
$6,500
|
Operation contract |
$927,151
|
$959,582
|
$970,993
|
$1,015,747
|
Verifone |
$1,645
|
$1,649
|
$1,649
|
$1,979
|
MnDOT costs |
$240,000
|
$230,000
|
$230,000
|
$250,000
|
Total Costs |
$1,294,922
|
$1,331,699
|
$1,322,489
|
$1,426,352
|
Benefit and Cost Analysis of the I-394 MnPass Program
Capital costs of the MnPASS program - $8,716,000. Annual Operating Costs - $1,294,922