Client: Transbay Joint Powers Authority (TJPA)
The TJPA is replacing the former Transbay Terminal with a new $4 billion dollar Transbay Transit Center that will ultimately house ten local and inter-city transit operators and be the northern terminus of the California High Speed Rail. As part of its efforts to accelerate the construction schedule, TJPA applied to the U.S. Department of Transportation for a TIGER grant to fund the AC Transit Bus Storage Facility.
Transportation Analytics was responsible for the Benefit-Cost Analysis (BCA) for the grant application in both 2012 (TIGER IV) and 2013 (TIGER V). The BCA quantified and monetized national-scope benefits in three areas: increased economic competitiveness due to operating cost savings, improvements in safety due to reduced need to dead-head buses in the off-peak, and the value of environmental benefits (primarily emissions reductions) from reduced bus VMT. Although the TJPA has not yet been successful in receiving a funding award from this highly competitive program, DOT staff have confirmed that the Benefit-Cost Analysis clearly communicated the value of the project and satisfied their rigorous evaluation requirements.