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Orange County Business Council Infrastructure Committee
Overview of RCTC’s Major Projects
December 8, 2015
PROMISES MADE, PROMISES KEPT
• $2+ billion currently invested in regionally significant transportation projects
• 27,882 jobs created
Investing in Riverside’s Future
The 91 Freeway is our Main Street
91 PROJECT
• $1.4 billion project• 16,200 jobs created
THE 91: TODAY & PROPOSED
PROJECT OVERVIEW
91 PROJECT
• Extends the 91 Express Lanes from the Orange County Line to I-15 in Riverside County
• Adds a new general purpose lane in each direction• Rebuilds several interchanges• Makes needed street and access improvements in the
City of Corona• Constructs a number of auxiliary lanes at key locations to
ease access on and off freeway
PROJECT NEED CONGESTION RELIEF
• 91 is main route between two counties
• 280,000 vehicles daily,140,000 more by 2035
• Second worst commute in U.S.; 8 hours of traffic congestion per day(Reference: INRIX National Traffic Scorecard 2010 Annual Report 100 Most Congested Corridors) SR-91 at Green River - Corona
ESTIMATED PROJECT COST AND FUNDING APPROACH
• $1.4 billion – project cost– Three-legged funding stool• Toll revenue bonds• Federal loan
(TIFIA – Transportation Investment Finance Innovation Act)• Measure A sales tax (and other public funds)
• Funding approach– First, maximize use of toll revenue bonds and federal
TIFIA loan– Second, use Measure A funds to close any funding gap
SR-91 HOV LANE PROJECT
• $248 million project• 4,464 jobs created
PERRIS VALLEY LINE
• $248.3 million project $75 million – small
starts funding 53 million – STIP-RIP
funding• 4,469 jobs created• First extension of
Metrolink commuter rail system since 1994
• Four new stations
PERRIS VALLEY LINE
PERRIS VALLEY LINE
I-215 CENTRAL PROJECT
• $123.5 million project $38.8 million CMIA
funding• 2,223 jobs created
I-215 CENTRAL PROJECT
