Saving Time, Saving Money: The Economics of Unclogging America's Worst Bottlenecks
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Saving Time, Saving Money: The Economics of Unclogging America’s Worst Bottlenecks About the American Highway Users Alliance The American Highway Users Alliance is a nonprofit advocacy organiza- tion serving as the united voice of the transportation community promot- ing safe and uncongested highways and enhanced freedom of mobility. Known as The Highway Users, the group works for sound transportation policy in the United States. Since 1932, we have fought for road and bridge improvements that will save lives, clean our air, promote economic growth, improve our quality of life, and protect our freedom of mobility. Working with Congress, state and local governments, and the media, we promote a favorable climate for highway construction, efficient deliveries of raw materials and finished products, and tourism. Fair highway use taxation, federal highway funding, responsible environmental policy, and needed highway and bridge investments are the focus of The Highway Users’ cam- paigns. The Highway Users includes among its 300 members corporations, small businesses, national trade associations, and state and local nonprofit organi- zations that represent over 45 million highway users. About the Economist Thomas F. Hogarty is an Adjunct Professor in the Graduate Program in Economics at Virginia Polytechnic Institute.
Saving Time, Saving Money: The Economics of Unclogging America’s Worst Bottlenecks Member Price: $50 Nonmember Price: $75 © Copyright 2000. American Highway Users Alliance. All rights reserved. American Highway Users Alliance 1776 Massachusetts Avenue, NW, Suite 500 Washington, DC 20036 Telephone: 202-857-1200 Facsimile: 202-857-1220 Internet: www.highways.org ii Saving Time, Saving Money
Table of Contents Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Chapter One: Economic Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 National Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Albuquerque, New Mexico (I-40–I-25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Atlanta, Georgia (I-285/I-85) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Atlanta, Georgia (I-75/I-85) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Atlanta, Georgia (I-285/I-75) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Boston, Massachusetts (I-93, Central Artery) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Chicago, Illinois (I-290/I-88/I-294) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Denver, Colorado (I-25/I-225) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Houston, Texas (US-59/I-610) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Houston, Texas (I-610/I-10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Los Angeles, California (I-405/I-10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Los Angeles, California (US-101/I-405) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Los Angeles, California (SR-55/SR-22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Los Angeles, California (I-10/I-5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Washington, DC/Maryland (I-495/I-270) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Washington, DC/Virginia (I-95/I-495) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38 Washington, DC/Virginia (I-66/I-495) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Washington, DC/Maryland (I-95/I-495) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Chapter Two: The Opportunity Costs of Project Delays . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Appendix A: Methodology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Appendix B: Sensitivity Analysis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55 The Economics of Unclogging America’s Worst Bottlenecks iii
Executive Summary T raffic congestion is a worsening problem in many U.S. cities. A persistent and signifi- cant source of that congestion is freeway bot- inciting road rage. Reducing road delays eases that frustration and gives motorists more time for families, errands, work, and play. tlenecks—specific chokepoints on major highways that routinely experience traffic Save Fuel backups. A 1999 study by the American Idling in traffic jams not only wastes time, but Highway Users Alliance entitled Unclogging burns fuel unnecessarily. While fixing traffic America’s Arteries: Prescriptions for Healthier bottlenecks may not lower the price of gas at Highways identified the 166 worst bottle- the pump, it certainly reduces motorists’ and necks in the country and evaluated the bene- truckers’ total fuel bill by reducing the number fits of removing them. Specifically, improving of times they have to fill up. traffic flow through those chokepoints would: Enhance Productivity Save Lives Bottlenecks also delay product deliveries, Traffic congestion causes highway crashes that inhibiting productivity and raising costs. can kill drivers and their passengers. As high- Businesses suffer direct economic conse- way crowding increases and motorists jockey quences because of congestion: in the world of for position at exits and entryways, the poten- “just-in-time” deliveries, time really is money. tial for crashes increases. Improving bottle- Congested roadways can also discourage busi- necks saves lives and averts injuries. nesses from bringing their business and jobs to urban areas. Improving bottlenecks boosts pro- Save the Environment ductivity and economic health. Bottlenecks retard the nation’s otherwise impressive progress in improving air quality. The Bottom Line Vehicles caught in stop-and-go traffic emit far The economic value of these beneficial by- more pollutants—carbon monoxide, volatile products of congestion relief is astounding. organic compounds, and nitrogen oxides— Commuters and citizens nationwide would than they do when operating without frequent enjoy more than $336 billion in economic ben- braking and accelerations. Improving bottle- efits from improvements to the nation’s worst necks reduces tailpipe pollutants. bottlenecks. The average commuter traveling through one of these 166 worst bottlenecks Reduce Greenhouse Gas Emissions twice each workday could expect to save Vehicles emit carbon dioxide, a greenhouse approximately $345 each year in time and fuel gas, as fuel is consumed. The longer they are alone if improvements were made. delayed in traffic, the more fuel they consume While construction projects are planned or and the more carbon dioxide they emit. already under way at a handful of these sites, Reducing delays has a direct effect on reducing improvements to the vast majority of these greenhouse gases. bottlenecks may not begin for years. Unfortunately, the opportunity cost of these Save Time delays—measured in wasted time and fuel, Traffic congestion is a major source of frustra- lost lives, additional injuries, and tailpipe emis- tion for American travelers, adding stress and sions that could have been avoided if improve- The Economics of Unclogging America’s Worst Bottlenecks 1
ments were completed now rather than later— to be reaped by improving traffic flow at key is staggering. Specifically, a three-year delay in chokepoints. For each bottleneck in each met- undertaking needed improvements to the 166 ropolitan area, state and local officials must bottlenecks yields an opportunity cost, in ben- weigh the cost of improvements against the efits foregone, of nearly $30 billion. benefits to be gained once the project is com- By assigning monetary values to the time and plete. Savings at the remarkable levels identi- fuel savings, safety improvements, and envi- fied in this study, and conversely, the ronmental benefits already identified in astonishing opportunity costs of inaction, Unclogging America’s Arteries, this report should provide ample justification to move gives transportation officials, policy makers, important highway improvement projects to and the general public a clearer understanding the forefront of the nation’s transportation of the significant social and economic rewards agenda. 2 Saving Time, Saving Money
Introduction H ighway traffic congestion is a major source of frustration for American travelers, causing an estimated 4.3 billion hours of delays Unclogging America’s Arteries: Prescriptions for Healthier Highways, a 1999 report per- formed by Cambridge Systematics, Inc., for per year in 68 of the nation’s largest cities.1 the American Highway Users Alliance, ana- Besides adding to the frustration and stress lev- lyzed one of the principal causes of traffic els of American drivers, traffic congestion also congestion—freeway bottlenecks—and the has significant economic, environmental, and benefits to be gained by smoothing the flow of safety consequences. In terms of wasted time traffic through those chokepoints. The report and fuel alone, congestion cost Americans identified the worst bottlenecks in the coun- more than $72 billion in 1997.2 try and assessed the time savings, safety ben- efits attributable to fewer crashes, and reduced tailpipe emissions that could be obtained by improving those sites. The report included a detailed analysis of the 17 top bot- Options for tlenecks3 and an aggregate analysis of benefits Relieving Congestion to be derived if the 166 worst bottlenecks Alleviating congestion, even at specific bot- nationwide were improved. tlenecks, may require the implementation of The results were striking. By smoothing traf- a broad range of strategies. Smoother traffic fic flow at these specific chokepoints, the flow might be achieved by redesigning an report indicated that 287,000 crashes would interchange to alleviate weaving caused by be avoided over 20 years, saving lives and pre- through traffic mixing with other traffic venting injuries. The improvements would entering and exiting the highway. Opera- reduce tailpipe emissions of two criteria pollu- tional controls, such as traffic lights on entry tants by 45 percent and lower by 71 percent ramps to smooth the flow of merging traffic, the carbon dioxide emissions4 from vehicles can help. With most of today’s commuter traveling through the bottlenecks. In addition, traffic flowing from one suburb to another the potential time savings for motorists and rather than to the central city, new highways commercial shippers are enormous. At some are often needed to provide more direct of the sites studied, improvements would add access between residential areas and as much as an hour to each traveler’s day for employment centers. The addition of HOV activities other than sitting in traffic. (high-occupancy vehicle) lanes is another option, as is corridor access for bus or rail transit. And flexible work hours at major 1 Lomax, Tim, and Schrank, David, Urban Mobility employment centers can reduce traffic Study—1997, Texas Transportation Institute, Texas A&M University, 1999. volumes during peak hours. 2 Lomax and Schrank, 1999. It is clear from past experience that no 3 Eighteen top bottlenecks were identified in single strategy can adequately address the Unclogging America’s Arteries, but state officials indicated no future improvements were anticipated problems of metropolitan congestion. How- at the I-5/I-90 interchange in Seattle, so an analysis ever, a balanced, comprehensive approach of potential benefits was not undertaken for that to traffic congestion can lessen the stifling site. 4 Although not a pollutant, carbon dioxide is known gridlock found on many highways. to trap heat in the Earth’s atmosphere and is often referred to as a greenhouse gas. The Economics of Unclogging America’s Worst Bottlenecks 3
Level of Service D Operations: Bottlenecks Where No Improvements Are Currently Planned Of the nation’s 17 worst bottlenecks identified facilities operate. Six level-of-service categories in Unclogging America’s Arteries, improvements are used: A, B, C, D, E, and F. In layman’s terms, are planned or already under way at 7 sites. No they roughly correspond to the letter grades specific improvements have been designed at used in education. On freeways, level of service the remaining sites. A is free-flow conditions characterized by high To assess the potential benefits of improve- speeds and wide spaces between vehicles. As ments in those cases in which no specific level of service goes from B to D, speeds stay improvement project has been identified, the high but vehicle spacing decreases. At level of report assumed a hypothetical improvement service E, the physical capacity of the roadway that would bring traffic flow up to a minimally is reached; the highest traffic flows are observed acceptable level. The scale of this improvement and speeds start to fall off sharply. Level of serv- would increase capacity to a point at which the ice F is stop-and-go traffic. Highway improve- facility would operate at level of service D. Level ments typically are designed to produce level of service is a concept that traffic engineers of service C or D operations once the project is have devised to describe how well highway completed. This report, Saving Time, Saving Money: at these bottlenecks. Construction projects The Economics of Unclogging America’s Worst are planned or already under way at some of Bottlenecks, assesses the economic impact of the 17 worst bottlenecks analyzed in this the impressive gains from bottleneck report, but for a majority of the bottleneck improvements identified in Unclogging sites, improvements may not be undertaken America’s Arteries. By assigning monetary for years. Delays may be attributable to a lack values to the time and fuel savings, safety of financial resources, the absence of local improvements, and environmental benefits consensus on appropriate solutions, regulato- already identified, we hope to give trans- ry hurdles, litigation involving a proposed im- portation officials, policy makers, and the provement, or a host of other reasons. The public a clearer understanding of the signifi- analysis in Chapter Two identifies the cost of cant social and economic rewards to be those delays, measured in terms of wasted reaped by improving traffic flow at key time and fuel, lost lives, additional injuries, chokepoints. and tailpipe emissions that could be avoided Saving Time, Saving Money is divided into if the improvements were completed now two sections. Chapter One identifies the total rather than later. economic benefits to be derived from bottle- Saving Time, Saving Money identifies the neck improvements. The economic values list- benefits to be realized if America’s worst bot- ed in each of the bottleneck case studies are tlenecks are eliminated and, conversely, the cumulative over the construction period and a price to be paid if nothing were done. For 20-year useful life of the project. In addition, each bottleneck in each metropolitan area, we identify what the cumulative savings of state and local officials must weigh the cost of time and fuel would mean in annual savings improvements against the benefits to be for a typical commuter traveling through the gained once the project is complete. This bottleneck twice each workday. study should help illuminate the significant Chapter Two is an analysis of the opportu- benefits that can be obtained by opening nity costs involved in delaying improvements bottlenecks on our most congested freeways. 4 Saving Time, Saving Money
Chapter One: Economic Benefits C hapter One of this report provides detailed case studies on the economic benefits of completing improvements to the Safety Savings The value of accidents forestalled by improve- ments to bottlenecks. These savings are 17 worst freeway bottlenecks in the United expressed in terms of the value of crashes States. The chapter begins with a table show- avoided, at an average of $95,000 per crash, ing the lifetime and annualized benefits of using valuations of $4.8 million for fatal crash- improving each bottleneck. That table is fol- es and $150,000 for crashes with injuries. lowed by a national case study assessing the benefits of improving 166 identified freeway Environmental Savings bottlenecks, including the 17 worst. The eco- The value of reducing both greenhouse gases nomic benefits of the improvements are enu- and air pollution. Greenhouse gas savings are merated in a benefits box for each case study. the result of a reduction in carbon dioxide These benefits1 are provided in year 2000 dol- emissions from improved traffic flow. Air pol- lars and are cumulative over the multiyear con- lution savings result from the reduction in struction period and 20-year useful life of each emissions of three major air pollutants: carbon project. monoxide, nitrogen oxides, and volatile organ- ic compounds. Greenhouse gas benefits are Personal Time Savings calculated using a carbon price of $75 per ton. The value of reduced travel delays to com- Air pollution benefits are calculated using muters, using $6 per hour as the value of time values of carbon monoxide at $0.25 per pound, spent in personal travel. nitrogen oxides at $1.50 per pound, and volatile organic compounds at $0.50 per Commercial Time Savings pound, except for four major sites in Los The value of reduced travel delays for com- Angeles, where these values are tripled. mercial vehicles, estimated at $48 per hour. This figure includes the value of the operator’s Total Savings time plus nonfuel operating costs of $2.40 per The total economic impact of improving traffic mile and an average speed of 20 mph. flow through a particular bottleneck over both a multiyear construction period and the 20-year Fuel Savings useful life of the improvement. This figure is The value of reduced travel delays in terms of the sum of the time, fuel, safety, and environ- fuel saved using a share-weighted average of mental savings identified in the analysis. gasoline and diesel fuel prices, including taxes, which are expected to prevail over the next two decades. This figure, $1.40 per gallon, may be a conservative estimate. 1 For a detailed discussion of methodology, see Appendix A. The Economics of Unclogging America’s Worst Bottlenecks 5
You Save annualized benefits of the top 17 projects aggregate to about $5.5 billion, and improve- The annual savings for commuters traveling ments to all 166 projects yield annualized through the bottleneck twice each workday benefits of about $14.5 billion. These esti- should the improvements be completed. It is mates may be compared with the annualized calculated by combining estimated savings of costs of traffic congestion, estimated recently time and fuel costs over the useful life of the by the Texas Transportation Institute (TTI) as project. ranging from $70 to $75 billion for 68 of the nation’s largest cities. Allowing for the higher Freeway Bottlenecks: value of personal travel time used in the TTI Key To Reducing Congestion Costs study, it may be inferred that improving the Table 1 recaps the economic benefits in year top 17 bottlenecks would eliminate roughly 2000 dollars from projects to unclog the one-tenth of the nation’s annual congestion nation’s worst bottlenecks over the project cost, and fixing all 166 bottlenecks would lifetimes and on an annualized basis. The eliminate about two-tenths. 6 Saving Time, Saving Money
Table 1. Economic Benefits of Unclogging America’s Worst Bottlenecks (2000$) Project Project Life Benefits Annualized Benefits I-495/I-270 (MD) 13,353,000,000 581,000,000 US-59/I-610 (TX) 10,567,000,000 459,000,000 I-40/I-25 (NM) 10,094,000,000 459,000,000 I-95/I-495 (VA) 9,984,000,000 344,000,000 I-285/I-85 (GA) 9,806,000,000 426,000,000 SR-55/SR-22 (CA) 8,650,000,000 376,000,000 I-285/I-75 (GA) 7,883,000,000 343,000,000 I-93, Central Artery (MA) 7,179,000,000 299,000,000 I-610/I-10 (TX) 6,986,000,000 304,000,000 US-101/I-405 (CA) 6,479,000,000 282,000,000 I-95/I-495 (MD) 6,138,000,000 267,000,000 I-75/I-85 (GA) 5,988,000,000 260,000,000 I-10/I-5 (CA) 5,775,000,000 251,000,000 I-405/I-10 (CA) 5,468,000,000 249,000,000 I-66/I-495 (VA) 5,153,000,000 224,000,000 I-25/I-225 (CO) 4,565,000,000 163,000,000 I-290/I-88/I-294 (IL) 4,224,000,000 192,000,000 Subtotal: 17 Worst Bottlenecks 128,293,000,000 5,479,000,000 All 166 Bottlenecks 335,656,000,000 14,594,000,000 Notes: Detail may not add to total because of rounding; I-95 project life is 28 years, I-25/I-225 project life is 28 years, Central Artery project life is 24 years, and I-405, I-290 project lives are 22 years, versus 23 years for others. Sources: Unclogging America’s Arteries; data provided by Cambridge Systematics, Inc.; and author’s calculations. The Economics of Unclogging America’s Worst Bottlenecks 7
National Analysis Commuters and citizens nationwide would enjoy more than $336 billion in economic Summary benefits from improvements to the nation’s worst bottlenecks.The average commuter traveling through one of these 166 worst bottlenecks twice each workday could expect to save approximately $345 each year in time and fuel alone. Bottleneck Description U nclogging America’s Arteries: Prescrip- tions for Healthier Highways identified the 166 worst freeway bottlenecks in the information on the traffic and physical charac- teristics of the nation’s highways, are reported to the Federal Highway Administration annu- United States, based on an analysis of the ally. Each of these bottlenecks is responsible Highway Performance Monitoring System for at least 700,000 hours of commuter delay (HPMS) database. The HPMS data, including annually. Costs vs. Benefits I n numerous cases, no specific improvements have been designed at the bottlenecks we analyzed, so identifying the improvement cost of improving the nation’s worst bottlenecks are estimated to be over $14 billion per year. Savings at such an astounding level should pro- is not possible. State and local officials, how- vide ample justification to move important ever, must weigh the cost of needed improve- highway improvement projects to the fore- ments against the benefits to be gained once a front of the nation’s transportation agenda. project is complete. Nationwide, the benefits 8 Saving Time, Saving Money
The Economic Assuming an average 3-year construction period and a 20-year useful life for all Benefits of potential projects, improving traffic flow at the nation’s worst bottlenecks to Improvements: level of service D2 operations will generate more than $336 billion in economic 2000–2022 benefits. Personal Time Savings $183 billion Commercial Time Savings $77 billion Fuel Savings $28 billion Safety Savings $27 billion Environmental Savings Greenhouse Gases: $15 billion Air Pollution: $6 billion Total Savings $336 billion 2 See explanation of level of service D operations on page 4. You Save: $345 per year (Average annual savings for a commuter using the bottlenecks) The Economics of Unclogging America’s Worst Bottlenecks 9
Albuquerque, New Mexico I-40 at the I-25 Interchange: The “Big I” Albuquerque commuters and residents will reap more than $10 billion in economic Summary benefits from the planned improvements to the “Big I.” The average commuter trav- eling through this bottleneck twice each workday will save approximately $1,370 per year in time and fuel alone. Bottleneck Description S o called because it resembles a giant eye when viewed from the air, the Big I is the junction of Interstate 25 and Interstate 40 near porting goods within and across the southwest- ern United States. I-40 is a transcontinental highway extending from California to North Albuquerque’s downtown district. These two Carolina and is heavily used for commercial highways are vital to both the regional and local goods transport and by interstate travelers. transportation systems. At the regional level, It is estimated that one of every three trips both I-25 and I-40 are primary routes used for taken in the Albuquerque region passes through interstate travel and goods shipment. I-25 the Big I. The current structures at the inter- serves as the primary highway connecting the change are over 30 years old and approaching international border area of the United States the point at which major reconstruction will and Mexico with I-10, I-40, SR-70, and other be needed just to keep the existing overpasses regional highways used for travel and trans- and ramps in safe physical condition. Costs vs. Benefits T he “Big I” project may represent the biggest bargain among the 6 planned and 11 potential improvement projects in this because I-40 is a major route for freight trans- port between California and points east. Reducing this bottleneck will have benefits study. The improvements to the “Big I” are that extend beyond New Mexico in terms of expected to take only two years and cost about lowered prices for goods shipped long dis- $210 million. The benefits over the project’s tance over this route. Finally, the value of lifetime are estimated at more than $10 bil- reduced air pollution from this project is esti- lion, or more than $450 million per year. mated at $220 million over 22 years; as a The value of time savings to businesses result, the gains in cleaner air alone appear to alone is estimated at $2.4 billion over 22 justify the project’s $210 million price tag. years. Improvements to the “Big I” are critical 10 Saving Time, Saving Money
The Economic Over the 2-year construction period and the 20-year life of the project, the Benefits of improvements to the “Big I,” already under way, will generate more than Improvements: $10 billion in economic benefits. 2000–2021 Personal Time Savings $5.7 billion Commercial Time Savings $2.4 billion Fuel Savings $870 million Safety Savings $460 million Environmental Savings Greenhouse Gases: $450 million Air Pollution: $220 million Total Savings $10.1 billion You Save: $1,370 per year (Average annual savings for a commuter using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 11
Atlanta, Georgia I-285 at the I-85 Interchange Doraville 85 Northcrest Way Santa Fe Trl. 285 Northcrest Rd North Presidential Atlanta Pkwy. Atlanta area residents and commuters stand to reap $9.8 billion in economic benefits Summary if needed improvements at the I-285 and I-85 interchange are implemented.If traffic flow were improved, the average commuter traveling through this bottleneck twice each workday would save approximately $1,013 each year in time and fuel alone. Bottleneck Description I -285 and I-85 intersect in De Kalb County about 15 miles northeast of downtown Atlanta. I-85 serves both as a commuter route ing the past decade, and this trend is expected to continue. The Georgia DOT recognizes the severity of traffic congestion at this site, but no and as a major intercity route for the south- specific improvements to the I-285/I-85 inter- eastern United States. The area around the change are planned at this time. interchange has undergone rapid growth dur- Costs vs. Benefits N o specific improvements have been designed at this interchange, so identify- ing the improvement cost is not possible. State efits to be gained once a project is complete. In this case, the benefits to commuters, busi- nesses, and the general public are estimated to and local officials, however, must weigh the be over $420 million annually. cost of needed improvements against the ben- 12 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of I-285/I-85 interchange up to level of service D operations3 would generate Improvements: approximately $9.8 billion in economic benefits. 2000–2022 Personal Time Savings $5.4 billion Commercial Time Savings $2.3 billion Fuel Savings $820 million Safety Savings $660 million Environmental Savings Greenhouse Gases: $430 million Air Pollution: $220 million Total Savings $9.8 billion 3 See explanation of level of service D operations on page 4. You Save: $1,013 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 13
Atlanta, Georgia I-75 at the I-85 Interchange Atlanta area residents and commuters stand to reap $6 billion in economic benefits if Summary needed improvements at the I-75 and I-85 interchange are implemented. If traffic flow were improved, the average commuter traveling through this bottleneck twice each workday would save approximately $752 each year in time and fuel alone. Bottleneck Description I -75 and I-85 intersect about three miles north of downtown Atlanta. The area just south of the interchange, where the interstates vehicles per day on 14 lanes of traffic. The Georgia DOT recognizes the severity of traffic congestion at this site, but no specific run parallel to one another, has the highest improvements to the I-75/I-85 interchange are traffic volume of any U.S. freeway: 389,000 planned at this time. Costs vs. Benefits N o specific improvements have been designed at this interchange, so identify- ing the improvement cost is not possible. State efits to be gained once a project is complete. In this case, the benefits to commuters, busi- nesses, and the general public are estimated to and local officials, however, must weigh the be over $260 million annually. cost of needed improvements against the ben- 14 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of I-75/I-85 interchange up to level of service D operations4 would generate Improvements: approximately $6.0 billion in economic benefits. 2000–2022 Personal Time Savings $3.3 billion Commercial Time Savings $1.4 billion Fuel Savings $500 million Safety Savings $460 million Environmental Savings Greenhouse Gases: $260 million Air Pollution: $130 million Total Savings $6.0 billion 4 See explanation of level of service D operations on page 4. You Save: $752 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 15
Atlanta, Georgia I-285 at the I-75 Interchange Whitley Rd Se 285 Circle 75 Akers Ridge Dr Se Pkwy Se bb Pkwy Se Akers Atlan Mill Rd 75 Se Akers Dr Se Atlanta area residents and commuters stand to reap $7.8 billion in economic benefits Summary if needed improvements at the I-285 and I-75 interchange are implemented.If traffic flow were improved, the average commuter traveling through this bottleneck twice each workday would save approximately $945 each year in time and fuel alone. Bottleneck Description I -285 serves as the beltway for the Atlanta region. It intersects with I-75 about 10 miles from downtown Atlanta. The I-75 corridor The Georgia DOT recognizes the severity of traffic congestion at this site, but no specific improvements to the I-285/I-75 interchange north of the interchange is heavily developed are planned at this time. and is expected to continue to grow rapidly. Costs vs. Benefits N o specific improvements have been designed at this interchange, so identify- ing the improvement cost is not possible. State efits to be gained once a project is complete. In this case, the benefits to commuters, busi- nesses, and the general public are estimated to and local officials, however, must weigh the be over $300 million annually. cost of needed improvements against the ben- 16 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of I-285/I-75 interchange up to level of service D operations5 would generate Improvements: approximately $7.8 billion in economic benefits. 2000–2022 Personal Time Savings $4.3 billion Commercial Time Savings $1.8 billion Fuel Savings $660 million Safety Savings $550 million Environmental Savings Greenhouse Gases: $340 million Air Pollution: $170 million Total Savings $7.8 billion 5 See explanation of level of service D operations on page 4. You Save: $945 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 17
Boston, Massachusetts I-93 (Central Artery) in Downtown Boston: The “Big Dig” Stanford St. Callahan Tunnel 3 Blossom St. 1 1A Commercial Cambridge St. Wharf 93 State St. Boston The completion of the “Big Dig,”one of the most complex highway and urban renew- Summary al projects in American history, will result in $7.2 billion in economic savings over the useful life of the project.Boston area commuters traveling on the Central Artery twice each workday will save approximately $1,010 per year in time and fuel alone. Bottleneck Description T he original section of I-93 was constructed as an elevated six-lane highway called the Central Artery, which runs through the center about 75,000 vehicles a day. Today it carries as many as 223,300 vehicles daily, resulting in long periods of congestion. I-93 is a major of downtown Boston. When it opened in commuter route into downtown Boston from 1959, the Central Artery comfortably carried the northern suburbs. Costs vs. Benefits A t first glance, the costs for completing the Big Dig, expected to reach $13.1 billion, appear to exceed the potential economic ben- substantial historic preservation projects, and the creation of 150 acres of new open space for parks and business. While assessment of efits estimated by this study at $7.2 billion. the economic value of these important non- However, the Big Dig is far more than a stan- transportation elements is beyond the scope of dard highway project; it is also one of the this study, they clearly have value which, if largest, most expensive urban renewal proj- quantified, would add significantly to the total ects in American history. The transportation economic benefits of the project. Further, this elements of the project include replacing an study uses a conservative estimate of the value elevated 6-lane highway with a new 8- to 10- of time for personal travelers ($6.00/hr). If lane underground expressway, adding new raised to an industry-accepted norm ($12.00/ bridge capacity, and creating parking facilities. hr), the economic benefits of this project But the project also includes city landscaping, would increase to $11.2 billion. 18 Saving Time, Saving Money
The Economic Over the remaining 4-year construction period and the 20-year life of the Benefits of project, the improvements to the Big Dig, already under way, will generate Improvements: more than $7 billion in economic benefits. 2000–2023 Personal Time Savings $4 billion Commercial Time Savings $1.7 billion Fuel Savings $610 million Safety Savings $430 million Environmental Savings Greenhouse Gases: $320 million Air Pollution: $130 million Total Savings $7.2 billion You Save: $1,010 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 19
Chicago, Illinois I-290 at the Interchange of I-88 and I-294: The “Hillside Strangler” Hillside Chicago 290 88 Broadview Yorkfield 294 38 Chicago commuters and residents tangling with the “Hillside Strangler”stand to reap Summary more than $4 billion in economic benefits from the planned improvements to this bottleneck.The average commuter traveling through this bottleneck twice each work- day will save approximately $658 each year in time and fuel alone. Bottleneck Description T he name “Hillside Strangler” comes from the nearby town of Hillside and the con- voluted tangle of three intersecting freeways current design standards for freeways. A sig- nificant problem with the configuration of the I-290 interchange area is a lack of lane balance: and several local streets that make up the Eight eastbound lanes approaching the inter- interchange. The design of I-290 was complet- change from the west must merge to only ed in the early 1950s and does not meet the three lanes on I-290. Costs vs. Benefits I mprovements to the Hillside Strangler rep- resent another bargain among the 17 proj- ects nationwide. The series of improvements expected to exceed $192 million per year, for a total benefit over the useful life of the proj- ect of $4.2 billion. Over its lifetime, this proj- to I-290 at the interchange of I-88 and I-294 ect is expected to result in 2,746 fewer near Chicago are expected to take 2 years and crashes, valued at roughly $260 million. The cost $110 million to complete. By contrast, safety benefits alone are valued at more than the economic benefits of this project are twice the cost of the project. 20 Saving Time, Saving Money
The Economic Over the 2-year construction period and the 20-year useful life of the project, Benefits of the planned improvements to the Hillside Strangler will generate more than Improvements: $4 billion in economic benefits. 2000–2021 Personal Time Savings $2.4 billion Commercial Time Savings $1 billion Fuel Savings $360 million Safety Savings $260 million Environmental Savings Greenhouse Gases: $190 million Air Pollution: $75 million Total Savings $4.2 billion You Save: $658 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 21
Denver, Colorado I-25 at the I-225 Interchange: The Tech Center Interchange E Tufts Ave. 225 Denver S Monaco St. Technology Way 25 Temple Dr. Denver commuters and residents will reap more than $4 billion in economic benefits Summary from the planned improvements to the Tech Center Interchange (I-25 at the I-225 interchange). The average commuter traveling through this bottleneck twice each workday will save approximately $615 each year in time and fuel alone. Bottleneck Description T he Southeast Corridor has long been rec- ognized as one of the Denver region’s high- est priority travel corridors. With the region’s the interchange, and I-225 experiences “mod- erate congestion.” The proposed improvements in the South- two largest employment centers at either end, east Corridor include projects on two inter- it is the highest volume, most congested corri- state highways and the addition of a light rail dor in Denver. Located approximately in the transit line. The highway projects include middle of the corridor is the I-25/I-225 inter- improvements to eight interchanges (I-25/ change. According to Colorado DOT informa- I-225 is the major interchange) and the addi- tion, I-25 currently experiences “severe tion of lanes, shoulders, and other features on congestion” for several miles on either side of both interstates. Costs vs. Benefits T he improvements planned for the I-25/ I-225 Interchange near Denver represent a very good deal from an economic stand- interchange alone are estimated at $4.5 bil- lion, or roughly $160 million per year. The estimated savings of $700 million in safety point. The planned highway improvements to and environmental benefits alone over the life the entire Southeast Corridor are expected to of the I-25/I-225 interchange should more cost $600 million and take approximately 7 than cover the cost of all highway improve- years to complete. The lifetime economic ments planned for the Southeast Corridor. benefits of improvements to the I-25/I-225 22 Saving Time, Saving Money
The Economic Over the 7-year construction period and the 20-year life of the project, the Benefits of planned improvements to the Tech Center Interchange will generate more Improvements: than $4 billion in economic benefits. 2000–2026 Personal Time Savings $2.4 billion Commercial Time Savings $1.0 billion Fuel Savings $370 million Safety Savings $440 million Environmental Savings Greenhouse Gases: $190 million Air Pollution: $82 million Total Savings $4.5 billion You Save: $615 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 23
Houston, Texas US-59 (Southwest Freeway) at the I-610 Loop Interchange 10 Houston Piney Point Village Galena Park 59 90 610 Houston area residents would reap $11 billion in economic benefits if needed Summary improvements at the US-59 and I-610 interchange were implemented. If traffic flow were improved, the average commuter traveling through this bottleneck twice each workday would save approximately $954 annually in time and fuel alone. Bottleneck Description U S-59, known locally as the Southwest Freeway, runs from Laredo on the Mexican border through the center of down- Houston. Fort Bend is projected to grow at a rate faster than the rest of the region over the next 20 years. Traffic volumes on US-59 town Houston. It is heavily used by local and through the interchange are the second highest through traffic and, as a North American Free in the country. I-610 was Houston’s original Trade Agreement trade corridor linking “beltway.” With the construction of the Sam Mexico, the industrial northeastern United Houston Parkway—a perimeter highway States, and Canada, it carries a significant farther out—I-610 now serves as an inner amount of truck traffic. It is also a major com- beltway. muter route between Fort Bend County and Costs vs. Benefits C ertain improvements were made to this interchange when the Southwest Freeway was expanded in the early 1990s. fying the improvement cost is not possible. State and local officials, however, must weigh the cost of needed improvements against the However, until improvements are made on benefits to be gained once a project is com- I-610 West Loop, motorists will realize no plete. In this case, the benefits to commuters, benefits. Design work for this interchange is businesses, and the general public are estimat- in the early stages of development, so identi- ed to be over $450 million annually. 24 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of US-59/I-610 interchange up to level of service D operations6 would generate Improvements: $11 billion in economic benefits. 2000–2022 Personal Time Savings $5.8 billion Commercial Time Savings $2.5 billion Fuel Savings $890 million Safety Savings $710 million Environmental Savings Greenhouse Gases: $460 million Air Pollution: $240 million Total Savings $11 billion 6 See explanation of level of service D operations on page 4. You Save: $954 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 25
Houston, Texas I-610 Loop at the I-10 Interchange 290 10 Piney Point Village Houston 610 Galena Park 59 90 Houston area residents would reap $7 billion in economic benefits if needed improve- Summary ments at the I-610 and I-10 interchange were implemented. If traffic flow were improved, the average commuter traveling through this bottleneck twice each work- day would save approximately $788 annually in time and fuel alone. Bottleneck Description I -610 was Houston’s original “beltway.” With the construction of the Sam Houston Parkway—a perimeter highway further out—it nation’s major east-west interstates, running from California to Florida. It is also a major commuter route to downtown Houston from now serves as an inner beltway. I-10, known both eastern and western suburbs. locally as the Katy Freeway, is one of the Costs vs. Benefits N o specific improvements have been designed at this interchange, so identify- ing the improvement cost is not possible. State efits to be gained once a project is complete. In this case, the benefits to commuters, busi- nesses, and the general public are estimated to and local officials, however, must weigh the be over $300 million annually. cost of needed improvements against the ben- 26 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of I-610/I-10 interchange up to level of service D operations7 would generate $7 Improvements: billion in economic benefits. 2000–2022 Personal Time Savings $3.8 billion Commercial Time Savings $1.6 billion Fuel Savings $580 million Safety Savings $540 million Environmental Savings Greenhouse Gases: $300 million Air Pollution: $140 million Total Savings $7 billion 7 See explanation of level of service D operations on page 4. You Save: $788 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 27
Los Angeles, California I-405 (San Diego Freeway) at the I-10 Interchange Los Angeles Santa 405 1 5 Monica 10 60 110 Huntington Park Marina Del Rey 90 Inglewood Los Angeles commuters and residents will enjoy more than $5 billion in economic Summary benefits from the planned improvements to I-405. The average commuter traveling through this bottleneck twice each workday will save approximately $581 each year in time and fuel alone. Bottleneck Description I -405, also known as the San Diego Freeway, connects to I-5 both north and south of Los Angeles and is a major access route for the gestion for almost five hours every weekday afternoon. The most recent federal Transportation coastal communities in the Los Angeles area. Improvement Program from the Southern I-10 intersects with I-405 only a few miles California Association of Governments identi- from its western terminus in Santa Monica. fies the addition of an HOV lane in each direc- The California DOT (Caltrans) District 7 tion on I-405 on both sides of the interchange. estimates that the 11-mile segment of I-405 The project is expected to start in 2000 and between I-10 and US-101 experiences con- last two years. Costs vs. Benefits A lthough the costs to complete the HOV lanes are unknown at this time, the bene- fits to commuters, businesses, and the general annually. Savings at such a significant level should make this project a true bargain for the area’s taxpaying commuters. public are estimated to be over $250 million 28 Saving Time, Saving Money
The Economic Over the planned 2-year construction period and the 20-year life of the project, Benefits of the improvements to the I-405/I-10 interchange will generate more than $5 Improvements: billion in economic benefits. 2000–2022 Personal Time Savings $2.8 billion Commercial Time Savings $1.2 billion Fuel Savings $430 million Safety Savings $430 million Environmental Savings Greenhouse Gases: $230 million Air Pollution: $350 million Total Savings $5.4 billion You Save: $581 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 29
Los Angeles, California US-101 (Ventura Freeway) at the I-405 Interchange 170 Burbank 210 101 Glendale Calabasas 134 Ventura Blvd. 405 110 5 Los Angeles area residents would reap more than $6 billion in economic benefits if Summary needed improvements at the US-101 and I-405 interchange were implemented. If traffic flow were improved,the average commuter traveling through this bottleneck twice each workday would save approximately $711 annually in time and fuel alone. Bottleneck Description T he US-101/I-405 interchange is located in the San Fernando Valley area north of Beverly Hills. Commuters from the west and must pass through this area. Caltrans District 7 estimates traffic is congested in this area for nearly five hours every weekday afternoon. north destined for downtown Los Angeles Costs vs. Benefits N o specific improvements have been designed at this interchange, so identify- ing the improvement cost is not possible. State efits to be gained once a project is complete. In this case, the benefits to commuters, busi- nesses, and the general public are estimated to and local officials, however, must weigh the be over $280 million annually. cost of needed improvements against the ben- 30 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of US-101/I-405 interchange up to level of service D operations8 would generate Improvements: more than $6 billion in economic benefits. 2000–2022 Personal Time Savings $3.4 billion Commercial Time Savings $1.4 billion Fuel Savings $520 million Safety Savings $500 million Environmental Savings Greenhouse Gases: $270 million Air Pollution: $380 million Total Savings $6.5 billion 8 See explanation of level of service D operations on page 4. You Save: $711 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 31
Los Angeles, California State Route 55 (Costa Mesa Freeway) at the State Route 22 Interchange Lakewood 91 La Palma Anaheim 710 Cypress 5 55 Orange 103 22 Los Angeles area residents will reap $8.6 billion in economic benefits from improve- Summary ments at the SR-55 and SR-22 interchange.The average commuter traveling through this bottleneck twice each workday will save approximately $1,127 annually in time and fuel alone. Bottleneck Description T he SR-55/SR-22 interchange is located on the border of the cities of Orange and Santa Ana in Orange County. SR-55 links to congested for four and a half hours every weekday afternoon. The most recent federal Transportation SR-91 about five miles north of the inter- Improvement Program from the Southern change; together they represent a major California Association of Governments rec- commuter route from the San Bernardino- ommends the addition of HOV lanes on SR- Riverside area to the commercial districts of 55 from the SR-22 interchange to the junction coastal Orange County. Caltrans District 7 with SR-91. This work is already under way estimates that an eight-mile segment and should be completed this year. through the SR-55/SR-22 interchange area is Costs vs. Benefits A lthough the costs to complete the HOV lanes are not known at this time, the benefits to commuters, businesses, and the million annually. Savings at such a significant level should make this project a true bargain for the area’s taxpaying commuters. general public are estimated to be over $370 32 Saving Time, Saving Money
The Economic Over the 3-year construction period and the 20-year project life, improvements Benefits of to the SR-55/SR-22 interchange will generate $8.6 billion in economic benefits. Improvements: 2000–2022 Personal Time Savings $4.6 billion Commercial Time Savings $1.9 billion Fuel Savings $700 million Safety Savings $530 million Environmental Savings Greenhouse Gases: $360 million Air Pollution: $540 million Total Savings $8.6 billion You Save: $1,127 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 33
Los Angeles, California I-10 (Santa Monica Freeway) at the I-5 Interchange Los Angeles area residents would reap nearly $6 billion in economic benefits if need- Summary ed improvements at the I-10 and I-5 interchange were implemented. If traffic flow were improved, the average commuter traveling through this bottleneck twice each workday would save approximately $570 annually in time and fuel alone. Bottleneck Description T he I-10/I-5 interchange is located on the eastern edge of the City of Los Angeles in an area where many freeways converge. California, and the Civic Center are all in close proximity to the interchange. Caltrans District 7 estimates that traffic is congested in this area Dodger Stadium, the University of Southern for four hours every weekday afternoon. Costs vs. Benefits N o specific improvements have been designed at this interchange, so identify- ing the improvement cost is not possible. benefits to be gained once a project is com- plete. In this case, the benefits to commuters, businesses, and the general public are estimat- State and local officials, however, must weigh ed to be over $250 million annually. the cost of needed improvements against the 34 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of I-10/I-5 interchange up to level of service D operations9 would generate nearly Improvements: $6 billion in economic benefits. 2000–2022 Personal Time Savings $3.0 billion Commercial Time Savings $1.3 billion Fuel Savings $460 million Safety Savings $460 million Environmental Savings Greenhouse Gases: $240 million Air Pollution: $330 million Total Savings $5.8 billion 9 See explanation of level of service D operations on page 4. You Save: $570 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 35
Washington, DC/Maryland I-495 (Capital Beltway) at the I-270 Interchange Washington area residents would reap over $13 billion in economic benefits if need- Summary ed improvements at the I-495 and I-270 interchange were implemented.If traffic flow were improved, the average commuter traveling through this bottleneck twice each workday would save approximately $1,353 annually in time and fuel alone. Bottleneck Description I -495, the Capital Beltway, is the beltway for the Washington, DC, area, crossing through both Maryland and Virginia. I-270 terminates with I-495; the western branch is the I-270 spur, which connects with I-495 more than two miles from the main interchange of I-495 where it meets I-495 and runs northwest to and I-270. Even with this bifurcation, traffic Frederick, Maryland. It is a major commuter volumes at the I-495/I-270 interchange are corridor that has experienced—and is expect- extremely high. The problem is compounded ed to continue experiencing—rapid growth. by the nearby interchange of Wisconsin I-270 has two “branches” where it intersects Avenue (SR-355). Costs vs. Benefits I n terms of benefits, this is the most valuable project of the 17 potential improvements in this study. A modest improvement raising the No specific improvements have been designed at this interchange, so identifying the improvement cost is not possible. State and service level from F (“stop-and-go”) to D local officials, however, must weigh the cost of (“dense but moving”) would reduce cumula- needed improvements against the benefits to tive hours of delay over a 23-year project life be gained once a project is complete. In this by 1.3 billion. Such an improvement would case, the benefits to commuters, businesses, also save 800 million gallons of fuel, prevent and the general public are estimated to be over 8,618 crashes (including 4,230 injuries and 34 $581 million annually. The fuel savings alone fatalities), and remove a half million tons of may suffice to justify the cost of upgrading this pollutants and 7 million tons of carbon dioxide interchange. from the air. 36 Saving Time, Saving Money
The Economic Allowing for a 3-year construction period and a 20-year project life, bringing the Benefits of I-495/I-270 interchange up to level of service D operations10 would generate Improvements: more than $13 billion in economic benefits. 2000–2022 Personal Time Savings $7.4 billion Commercial Time Savings $3.1 billion Fuel Savings $1.1 billion Safety Savings $820 million Environmental Savings Greenhouse Gases: $590 million Air Pollution: $290 million Total Savings $13.3 billion 10 See explanation of level of service D operations on page 4. You Save: $1,353 per year (Average annual savings for commuters using the bottleneck) The Economics of Unclogging America’s Worst Bottlenecks 37
Washington, DC/Virginia I-95 at the I-495 Springfield Interchange:“The Mixing Bowl” 495 North 395 Alexandria Springfield Burke 95 651 Springfield 95 Groveton Hybla Valley Newington With improvements to “The Mixing Bowl” already under way, the Washington area Summary can expect to enjoy approximately $10 billion in economic benefits over the next 28 years.Once the project is completed,the average commuter traveling through this bottleneck twice each workday will save approximately $959 each year in time and fuel alone. Bottleneck Description K nown locally as The Mixing Bowl (for its complex configuration of ramps and traf- fic movements), the Springfield interchange is I-395 (Shirley Highway) takes traffic from I-95 and I-495 north into Washington, DC. The Springfield interchange was built in 1964 located about 10 miles south of downtown with the construction of the Capital Beltway. Washington, DC. I-95, a major intercity corri- Since that time, the area has undergone rapid dor, intersects with I-495 (the Capital development, which has contributed signifi- Beltway), and the two interstates continue cantly to congestion. together eastward into Maryland. Nearby, Costs vs. Benefits T he Mixing Bowl improvement project is another bargain among the 17 bottlenecks analyzed in this study. The cost of this project approximately $9.6 billion, and the payback period is little more than one year. The fuel savings alone are more than double the cost of is estimated at $350 million. The total bene- this project over its lifetime, and the benefits fits over the life of the project are estimated of reduced carbon dioxide emissions by them- at $10 billion, or $344 million per year on selves exceed the cost of the project. average. Therefore, the net benefits are 38 Saving Time, Saving Money
You can also read