Port Mann Bridge
Highway 1 is the principal commuter corridor linking Greater Vancouver with its Fraser Valley suburbs. It provides trade access between the rest of Canada, the region's ports and United States border crossings. A key bottleneck is the Port Mann Bridge across the Fraser River. In 2007, the Province of British Columbia proposed a public-private partnership (P3) to upgrade the 40-year expressway and twin the existing Port Mann Bridge. The province proposed a new toll at the bridge to finance the improvements.
We prepared an investment-grade traffic and revenue forecast for one of the P3 consortia in support of its multi-billion dollar bid to upgrade the highway and bridge. This entailed a recalibration and update of the regional travel demand forecasting model to international investment-grade standards, collection of extensive new data, preparation of defensible traffic and revenue forecasts, and presentations to bankers and bond raters from around the world. We also provided traffic engineering, micro-simulation modeling and value engineering services to the consortium's design team.
Our approach emphasized development of realistic, credible and transparent traffic forecasts and models. In July 2008, the consortium we supported was announced as the winning bid. Our work was lauded by the client, financial community and owner for its thoroughness, comprehensiveness and credibility.