Assumptions
■ Average $2.00 each way toll beginning in 2013 (opening year of the Project) growing at 2.5% each year to adjust for inflation.
■ 2013 total average daily traffic of 39,000 vehicles, growing to 46,000 by 2030. This is consistent with the conservative end of the range of estimates provided in the "New Mississippi River Bridge Funding Analysis (the "Traffic Study")."
■ Volume growth after 2030 of 1.5% per year.
■ 70% operating margin.
A preliminary valuation of a Mississippi River Bridge Project concession given the above parameters indicates a value range of approximately $350-440 million.