RFP Released to Conduct Knik Arm Crossing Independent Socioeconomic Forecast Review & Update
ANCHORAGE, Alaska – The Knik Arm Bridge and Toll Authority is seeking a qualified firm or firms to review and update socioeconomic data used in the Knik Arm Crossing Traffic and Toll Revenue projections. Proposals are due June 6, 2013 at 4:00 p.m.
The successful bidder will conduct a review of the existing socioeconomic forecasts including those previously prepared by the UAA Institute of Social and Economic Research, Northern Economics, and Insight Research Corporation, and data from the U.S. Census Bureau and Alaska Department of Labor and Workforce Development. In addition, they will conduct an independent study and prepare updated socioeconomic forecasts for the Knik Arm Crossing project to reflect current conditions and forecasts under a range of potential outcomes considering the impact of the Crossing.
“We are moving forward with the review and update as quickly as possible,” said Andrew Niemiec, KABATA executive director. He added “it is important to provide the legislature and policy makers with accurate information to move this project into construction.”
The updated data and forecasts will be used as inputs to generate a range of possible traffic and toll revenue projections. “Periodic updates to the socioeconomic data used in traffic and toll revenue forecasting is necessary as conditions change and new facts are known,” said Kevin Hemenway, KABATA’s chief financial officer. He continued, “The baseline data and forecasted cases prepared by the economist will consider inputs from stakeholders in the community and the impacts of the new transportation corridor opened up by the bridge. It is important that the results are independent, credible and have consensus here in Alaska.”
Socioeconomic forecasts will vary depending on assumptions around variables like future job growth, the price of commodities such as gasoline, income levels, and population trends. The Knik Arm Crossing independent socioeconomic study and updated forecasts are scheduled to be completed by Fall 2013.
For more information contact the Knik Arm Bridge and Toll Authority at 907-269-6698.