build a better transportation grant application: leverage ... · travel time savings $251m $136m...

BUILD a Better Transportation GrantApplication: Leverage Economic

Development Impacts

May 22, 2018

Agenda

• What is TREDIS?

• What capabilities are enabled in TREDIS andTREDIS-MBCA?

• Example Project for Grant Application

– Incident Management System (IMS)

– What TREDIS outputs will expand mynarrative?

• Questions & Answers

© 2018 - Economic Development Research Group, Inc. 2

What is TREDIS?

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TREDIS® is a decisionsupport system thathelps tell the economicimpact story for yourtransportation project. Provides insights to help you

make decisions, plan, andcommunicate the

• economic impact,• benefit-cost,• financial impact, and• freight implications

of your project or program.

© 2018 - Economic Development Research Group, Inc.

Addresses Stages of Planning Process

Prioritize & SelectProjects

Develop LongRange Plans

Evaluate Alternatives Show Economic Roleof Existing Facilities

Assess PublicPolicy Options

Show Impact ofMaintenance

Decisions

Determine Impactof a Single Project

© 2018 - Economic Development Research Group, Inc.

Single Project Analysisfor Grant Applications

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What capabilities are enabled?

5© 2018 - Economic Development Research Group, Inc.

CapabilitiesTREDIS-MBCA

Free Multimodal BenefitCost Analysis tool

TREDISFull subscription

User Benefit-Cost Analysis Y Y

Economic Impact Analysis (wider benefits) N Y

Public Private Cash Flow Partnership Analysis N Y

Fiscal Impact Analysis N Y

Freight Data N Y

Area Economic Profiles and Forecasts N Y

User-Specified Custom Mode(s) N Y

User-Specified Study Region(s) N Y

Importing/Exporting Projects N Y

Support Knowledge Base, OnlineDocuments, User Library

Full Support includingphone, email, andKnowledge Base

Reports BCA Reports, GrantReport

All

From Inputs to Results


Today’s webinar is not focused on a completeworkflow in TREDIS.

If you want to know more, view one of theIntroduction to TREDIS webinars available at

www.tredis.com/resources/webcasts

TREDIS Demonstration


TREDIS MBCA can be used to conduct:• Benefit-Cost Analysis (BCA)

• Benefit Cost Ratio• Net Present Value• Discount Rates of 3% and 7%• Grant Report supporting documentation

TREDIS Full Suite can be used to conduct:• Economic Impact Analysis

• Number of jobs created• Industry Profile & Income level• Occupational Profile of jobs within business hierarchy

• Fiscal Analysis: Expected tax revenues• Tolling Evaluation: Impact of collection and spending• Public Private Partnerships (P3): Return on investment

Better Utilizing Investments to LeverageDevelopment (BUILD) Grants


Source: https://www.transportation.gov/BUILDgrants/about

U.S. DOT BCA Guidance


Categories of Benefits• Time Savings (incl. Reliability)• Vehicle Operating Cost Savings• Safety• Emissions

Specified Monetized Values (Fixed Factors)• Value of a Statistical Life (VSL)• Personal Injury (KABCO)• Property Damage• Value of Time (Personal, Business, Truck Driver)• Occupancy Rate (Passenger Cars & Trucks)• Vehicle Operating Costs (Cars and Trucks)• Value of Emissions (SOx, NOx, PM, & VOC)

Modes: Monetized Values for Federal Grants


Specified Monetized Values (Fixed Factors)• Value of a Statistical Life (VSL)• Personal Injury (KABCO)• Property Damage• Value of Time (Personal, Business, Truck Driver)• Occupancy Rate (Passenger Cars & Trucks)• Vehicle Operating Costs (Cars and Trucks)• Value of Emissions (SOx, NOx, PM, & VOC)

Incident Management System (IMS)


Reduce Accidents Reduce Incidents

Improve Speeds Increase Diversions

TREDIS MBCA


LiveDemonstration

TREDIS-MBCA: Benefit Cost Analysis


TREDIS-MBCA: Benefit Cost Analysis


Benefit Category 3% Disc.Rate

7% Disc.Rate

Vehicle Operating Cost $9M $4MTravel Time Savings $251M $136MReliability Improvement $13M $7MSafety Improvement $835M $453MEmissions Reduction $2M $1MLogistics Cost Savings $99M $54MTotal Benefits $1,209M $655MCapital Costs $350M $330MNet Benefits – Costs $859M $325MBenefit Cost Ratio 3.5 2.0

TREDIS-MBCA: Grant Report


TREDIS-MBCA vs. TREDIS Full Suite


TREDIS MBCABCA Grant Report

TREDIS Full Suite

Summary Report Economic Impacts TollingFiscal Impacts P3

TREDIS Full Suite: Summary Report


TREDIS Full Suite: Economic Impacts


YearsBusiness

Output ($M’s)Value Added

($M’s) JobsLabor Income

($M’s)2019-2020 $557 $307 1,789 $2552021 $10 $5 52 $32057 $15 $7 69 $52021-2057 $469 $226 58 $155

TREDIS Full Suite: Economic Impacts


By Occupation(2057)

By Industry(2057)

TREDIS Full Suite: Fiscal Impacts


Time Period Households Businesses Total2021-2057 $15.3M $18.2M $37.4M

TREDIS Full Suite: Tolling


TREDIS Full Suite: Public-Private Partnership


Category Description Government Private TotalCosts PV of Capital Costs -$350M $0M -$350MCosts PV of Oper. Costs -$225M $0M -$225MCosts PV of Main. Costs -$75M $0M -$75MCosts PV of Lease Costs $0M $1,500M $1,500MCosts PV of All Costs -$650M $1,500M -$650MRevenue PV of Toll Revenues $0M $0M $0MRevenue PV of Lease/Contract Rev. $1,500M $0M $1,500MRevenue PV of All Revenues $1,500M $0M $1,500MMetrics Undisc. Payback Period 2029Metrics Disc. Payback Period 2031Metrics Internal Rate of Return 10% 0% 10%Metrics Revenue Cost Ratio 2.3 0 2.3

PV = Present Value

Wrap-Up


TREDIS MBCABCA Grant Report

TREDIS Full Suite

Summary Report Economic Impacts TollingFiscal Impacts P3

TREDIS®

Helps you meet federal grant benefit-costanalysis requirements and gives you the

option to improve your application narrative.



Watch previously recorded webinars here:www.tredis.com/resources/webcasts

Introduction to TREDIS Introducing TREDIS-MBCA

Register to use TREDIS-MBCA for free at:www.tredis.com/trial

Learn more…

For More Information…

TREDIS Software Group155 Federal Street, Suite 600

Boston, MA 02110(617) 303-0424

[email protected]

[email protected]

Free TREDIS-MBCA Tool: www.tredis.com/trial
