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Agenda - Economic Development Authority - 10/09/2014
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Agenda - Economic Development Authority - 10/09/2014
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3/18/2025 1:29:10 PM
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10/9/2014 9:13:19 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
10/09/2014
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we and System Management <br />Minnesota 20-Year State Highway Ir <br />Overview <br />Q <br />co <br />tto <br />c <br />LL <br />N <br />^0^' <br />^W <br />W <br />z <br />c <br />0 <br />co <br />0�\ <br />L/ <br />c <br />co <br />venue sources <br />Minnesota's 12,000-mile state highway system plays a critical role in <br />rting the state's economic vitali <br />transportation network. To compete economically and to position Minnesota <br />for the future, MnDOT needs to maintain the state highway system. The size <br />and the age of Minnesota's transportation system demonstrate the scope of <br />the state highway system's investment need: <br />50 percent of state highway pavements are more than 50 years old. <br />35 percent of state highway bridges are more than 50 years old. <br />Minnesota ranked 38th nationally for pavement condition (Interstates) . <br />Minnesota ranked 9th (tied) nationally for state highway bridges. <br />• • • • <br />The Minnesota Department of Transportation (MnDOT) is directly charged <br />with constructing, operating, maintaining, and managing this system, which <br />is 74 percent of the State's capital assets. The Minnesota 20-Year State <br />Highway Investment Plan (MnSHIP) is MnDOT's vehicle for deciding <br />and communicating capital investment priorities for the system for the <br />next 20 years. MnSHIP is a fiscally constrained plan, meaning its planned <br />expenditures must align with expected revenues, which total $18 billion. <br />Meanwhile, the projected transportation needs on the state highway system <br />total $30 billion. <br />MnDOT must account for many factors when setting priorities, including <br />federal and state law, system conditions, and public input. The result is a set <br />O Q <br />cn <br />QJ <br />E <br />N <br />C <br />for the next 10 year <br />investments in safety, new connections for multiple modes of transportation, <br />However, investments in the second 10 years focus almost exclusively on <br />preserving existing infrastructure. Despite this focus, the number of roads <br />and bridges in poor condition will more than double and perhaps even triple <br />within 20 years. Given the projected $12 billion funding gap, there will be <br />many unfunded priorities within the 20-year horizon. <br />c <br />0 <br />N <br />d <br />M <br />-V? <br />^0^' <br />^W <br />W <br />z <br />Revenue = $18 Billion <br />)141 <br />lur <br />CD <br />Funding Gap = $12 Billion <br />o <br />y <br />C <br />E <br />a) <br />a <br />0 <br />O <br />y <br />CC <br />O y <br />L ea <br />y O <br />m E <br />y aa) <br />E <br />V, <br />> <br />7 d <br />O Y <br />m m <br />d� <br />N 0 <br />C <br />E 0 <br />E <br />N O) <br />d d <br />eTo <br />0 <br />C? s4.- N <br />0. x .0On <br />E o <br />0_U <br />luawaIeuepj lassy <br />- 2032 = $18 billion <br />8 <br />CO <br />U <br />CO <br />eo <br />E <br />E <br />E <br />d <br />CO <br />E <br />SUDIM ee03 leaili,3 <br />AL <br />W <br />Zi <br />z <br />bA <br />•> z <br />3 ,CC 4-0 <br />Q LI <br />- <br />o <br />o <br />o <br />= r <br />— 5' <br />Z. <br />CO <br />CO <br />E <br />gn <br />E <br />E <br />EOM. 0.19 BILLIO <br />ZEOZ <br />IEOZ <br />DEDZ <br />6ZOZ <br />8ZDZ <br />LZOZ <br />HOZ <br />SZOZ <br />bZOZ <br />EZOZ <br />ZZOZ <br />co <br />co <br />W <br />co <br />0 <br />0 <br />.> <br />W <br />4-) <br />^ <br />^W <br />W <br />LE <br />U <br />co <br />0 <br />a--+ <br />a--+ <br />U <br />N <br />a--+ <br />_N <br />tan <br />CO <br />^L <br />W <br />W <br />N <br />W ` V <br />a--) a) <br />c <br />a--+ <br />cn 0 <br />N <br />CO 4_, <br />aJ X <br />> <br />0 <br />W <br />- <br />O <br />U <br />m <br />bD <br />C <br />CO <br />a) <br />■ <br />h A <br />
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