Agenda - 09-09-2004 - 7a - Laserfiche WebLink

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Executive Summar 17 The 2030 Long -Range Transportation Plan is the long -range guide for major transportation investments in the Durham - Chapel Hill - Carrboro (DCHC) metropolitan area. The 2030 Long -Range Transportation Plan (LRTP) recommends major transportation projects, systems, policies and strategies designed to maintain our existing systems and serve the region's future travel needs. The DCHC -MPO LRTP is integrated with land use and air quality strategies and goals for the urban area. Official endorsements of the Plan by the Transportation Advisory Committee (TAC), USDOT, and the Environmental Protection Agency (EPA) are required in order for the MPO to receive Federal funds for its transportation investment needs. The plan emphasizes improvements to existing highway, transit, bicycle and pedestrian facilities and includes policies in support of intermodal freight needs (urban goods movement). To stretch our transportation dollars, the plan incorporates Travel Demand Management (TDM), Transportation System Management (TSM), Intelligent Transportation Systems (ITS), and Congestion Management Systems (CMS) strategies. The adopted 2025 Transportation investments formed the foundation for the proposed modal elements identified in this 2030 Plan. The plan's assessment of the projected financial resources indicates that about $5.8 billion can be expected to be available for transportation projects through 2030, not nearly enough to substantially expand the transportation system and meet the increase in demand from a growing region. The majority of projected resources will barely be enough to keep pace with the growing operating and maintenance needs of the existing - plus - committed systems, which include repair, bus replacement, reconstruction of portions of the system, and Intelligent Transportation Systems. The gap between the region's transportation needs and available funding presents several challenges that the DCHC MPO, along with other Triangle region stakeholders, must soon address: • Aggressively pursue both short and long term non - traditional funding sources as well local revenue options • Advance LRTP components to implementation through the Transportation Improvement Program (TIP) consistent with the air quality conformity project implementation schedule. • Monitor regional growth to ensure the Plan stays abreast of the region's needs • Initiate feasibility studies for post year projects (projects not included in the 2030 LRTP) • Engage in the process to solve the region's air quality problems and meet the new 8 -Hour Air Quality Standard Failure to address these challenges may result in deterioration of the transportation infrastructure, degradation in mobility, and harm to the regional economy. 2