Ms. Deborah Sharpless September 5, 2025 Page 1
Ms. Deborah Sharpless Chief Financial Officer Maryland Transportation Authority 2310 Broening Highway Suite 150 Baltimore, MD 21224
Subject:
FINAL Fiscal Year 2025 Semi-Annual Traffic and Revenue Performance Report
Dear Ms. Sharpless:
This letter report provides a summary of historical monthly transaction and toll revenue performance on the MDTA system using available data in Fiscal Year (FY) 2025, ending June 30, 2025. The historical performance is also compared to an updated forecast from October 2024 summarized in the “FY 2025 Traffic and Toll Revenue Forecast Update”, (October 2024 forecast report) dated October 29, 2024. This comparison is provided separately for the Legacy system, Intercounty Connector (ICC), and I-95 Express Toll Lanes (ETLs), as well as for the total system. A summary of the forecast methodology and an analysis of the variations in actual experience compared to forecast is also provided. Recent Trends Since FY 2020 when the pandemic began, CDM Smith has tracked the performance on the system through two sources: the Kapsch 3G toll collection system data reports and the Traffic Volume Income (TVI) reports. The 3G reports provide the raw, in-lane data which records the daily traffic at the roadside, independent of toll collections. TVI reports provide collected transactions and revenue on the system on a cash basis, where a transaction and the associated revenue is reported in the month the toll is paid. In-lane data still provides another perspective on system performance. Figure 1 shows the systemwide traffic on the total MDTA system for passenger cars and commercial vehicles from July 2019 through June 2025, using the daily in-lane data. Passenger car transaction volumes for FY 2023 were similar to FY 2022 in both volume and weekly variation and had not yet returned to pre-pandemic levels. In the first half of FY 2025, passenger cars consistently reached levels prior to the pandemic and have matched or exceeded FY 2024 levels in the second half of the fiscal year. Commercial vehicle traffic continued to outperform traffic trends observed prior to the pandemic. Since the collapse and closure of the Francis Scott Key Bridge (FSK) on March 26 th , 2024, commercial vehicles have mostly declined in FY 2023 compared to FY 2022 and have matched or exceeded in traffic in FY 2025.
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