All results for the Benefit Cost Analysis are $55 estimated for the segments in the immediate vicinity of the project which will 2st be the most directly impacted. However, in in accident addition to these localized benefits, a cost M select link analysis of the Project’s impacts reduction has demonstrated significant benefits to the broader transportation network in the region. For example, the Oklahoma Turnpike Authority, the MPO (INCOG), ODOT, and the City of Tulsa are currently working in a cooperative partnership to advance a major north-south freeway connection on the west side of Tulsa. This facility, once built, is expected to add approximately 10,000 vehicles per day to I-44 and in turn significantly enhancing the overall benefits of this project. Given the strategic importance of this segment for the region and the state in general, the estimated regional benefits are briefly summarized in Table 8 below. TABLE 8: Merit Criteria and Cost-Effectiveness - Summary of Infrastructure Improvements and Associated Benefits (Regional Impacts) CURRENT SUMMARY OF STATUS OR CHANGES TO POPULATION TYPE OF ECONOMIC RESULTS BASELINE BASELINE / AFFECTED IMPACTS BENEFIT ($M discounted ALTERNATIVES by impacts and problems to at 7%) be addressed Increase the Improved travel Travel Time capacity of I-44 speeds, reduced Passenger by widening I-44 and Vehicle long-term vehicles, 295.78 from four through Operating congestion, fuel trucks Cost Savings lanes to six savings through lanes Travel Delays for from Union Passenger Emissions Passenger Vehicles Emission Avenue to the vehicles, Cost 4.44 and Trucks due to Savings Arkansas River, trucks Reduction congestion on I-44. along with bridge replacements at Passenger Accident 33rd W. Avenue, Improved Safety vehicles, Cost 54.63 Union Avenue, trucks Reduction and the US-75 Interchange.
2st $55 M in accident cost reduction All results for the Benefit Cost Analysis are estimated for the segments in the immediate vicinity of the project which will be the most directly impacted. However, in addition to these localized benefits, a select link analysis of the Project’s impacts has demonstrated significant benefits to the broader transportation network in the region. For example, the Oklahoma Turnpike Authority, the MPO (INCOG), ODOT, and the City of Tulsa are currently working in a cooperative partnership to advance a major north-south freeway connection on the west side of Tulsa. This facility, once built, is expected to add approximately 10,000 vehicles per day to I-44 and in turn significantly enhancing the overall benefits of this project. Given the strategic importance of this segment for the region and the state in general, the estimated regional benefits are briefly summarized in Table 8 below. TABLE 8: Merit Criteria and Cost-Effectiveness - Summary of Infrastructure Improvements and Associated Benefits (Regional Impacts) CURRENT STATUS OR BASELINE and problems to be addressed CHANGES TO BASELINE / ALTERNATIVES TYPE OF IMPACTS POPULATION AFFECTED by impacts ECONOMIC BENEFIT SUMMARY OF RESULTS ($M discounted at 7%) Travel Delays for Passenger Vehicles and Trucks due to congestion on I-44. Increase the capacity of I-44 by widening I-44 from four through lanes to six through lanes from Union Avenue to the Arkansas River, along with bridge replacements at 33rd W. Avenue, Union Avenue, and the US-75 Interchange. Improved travel speeds, reduced long-term congestion, fuel savings Passenger vehicles, trucks Travel Time and Vehicle Operating Cost Savings 295.78 Emission Savings Passenger vehicles, trucks Emissions Cost Reduction 4.44 Improved Safety Passenger vehicles, trucks Accident Cost Reduction 54.63
ODOT%202017%20I-44%20FASTLANE%20Grant%20Application%20w%20cover%20memo%202016.12.12.docx