odot presentation; rail night
DESCRIPTION
TRANSCRIPT
Ohio’s Competitive Rail Strategy Investing in Ohio’s Economic FutureColumbus Regional Logistics Council July 22, 2010
2
Modes of transportation do morethan simply move people and goods…
transportation moves economies SFY 2010: $2 billion plus in construction delivered
SFY 2011: $2 billion in construction projected
Unprecedented investment in all modes
Ohio’s Competitive Rail Strategy
3
Growing Ohio’s Freight Economy
Ohio’s Competitive Rail Strategy
Growing Ohio’s freight economy means linking water
and air to roadway and rail
4
Growing Ohio’s Freight Economy
Ohio’s Competitive Rail Strategy
5
Ohio’s Competitive RailInvestment Strategy
National Gateway Heartland Corridor
Ohio’s Competitive Rail Strategy
6
$400 million in stimulus funds
Approximately 250 miles
8 station locations
Up to 79 miles per hour
Ohio’s Competitive Rail Strategy
If Ohio doesn't use this $400 millionto create jobs in Ohio, the money will go to
another state to create jobs and development in their cities and for their citizens.
Ohio’s 3C “Quick Start” Passenger Rail Service
7Ohio Chapter of APWA April 22, 2010
Central Ohio is overdue to take historic step forward
Ohio’s 3C Passenger Rail Plan can be delivered for $400 million
ODOT believes project can be completed within $400 million budget
Federal Railroad Administration believed $400 million is what Ohio needed
Early estimates based on plans of previous administrations, Amtrak's draft engineering estimate (30% contingency) FRA selected Ohio's application because Ohio could provide service within a short time frame to the largest un-served corridor in the nation without state matching funds
Fiscally Responsible Path for Ohio
8
Improving Ohio’s position as a
logistics and distribution leader
Majority of 3C funds will be invested in track improvements
270 improved grade crossings
Potential increases in speed for freight
Investment in Upgrades
Ohio’s Competitive Rail Strategy
9
Growing Ohio’s Rail Supply Chain
Statewide: 225 Ohio businesses / 26,000 employees
Central Ohio: 42 companies / 7,900 employees
Ohio’s Competitive Rail Strategy
10
Urban Development OpportunityRiverside: $180 million new taxable property
$ 5.5 million increased real estate value
Dayton: $150 - $250 million in new construction/rehabilitation
Columbus: 2010 Downtown Strategic Plan
Ohio’s Competitive Rail Strategy
11
3C Projections: 478,000 passengers in first year of service
12th most used corridor
Amtrak Ridership in Ohio: 2009: 10% increases in Toledo and Cleveland
2010: Amtrak on pace to break national record
Proven Passenger Demand
Ohio’s Competitive Rail Strategy
12
Proven Success in 14 other States:
Successful state-supported passenger rail efforts co-existing with successful freight rail efforts
Courtesy: Northern New England Passenger Rail Authority
Ohio’s Competitive Rail Strategy
13
Get more information at:
3CisMe.ohio.gov