BOARD MEETING
TUESDAY, DECEMBER 18, 2025
MARYLAND TRANSPORTATION AUTHORITY 2310 BROENING HIGHWAY 2 ND FLOOR TRAINING ROOM BALTIMORE, MD 21224
IN-PERSON AND LIVESTREAM
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING 2310 Broening Highway * 2 nd Floor Training Room * Baltimore, MD 21224
DECEMBER 18, 2025 9:00 AM
This meeting will be livestreamed on the MDTA Board Meeting Page
NOTES: •
This is an In-Person Open Meeting being conducted via livestreaming. • The public is welcome to watch the meeting at the link above. •
If you wish to comment on an agenda item, please email your name, affiliation, and the agenda item to nhenson@mdta.state.md.us no later than 5:00pm on Tuesday, December 16. You MUST pre-register and attend the meeting in person to comment. Once pre-registered, all pertinent information will be emailed to you.
AGENDA
OPEN SESSION – 9:00 AM
Call Meeting to Order
1. Approval – Open Session Meeting Minutes of November 25, 2025 2. Resolution – Years of Service Recognition – Recognition for One Retired Employee 3. Approval – Contract Awards • HT-3023-0000 – Baltimore Harbor Tunnel (BHT) Facility-Wide Signing Upgrades • KB-3020-0000 – Curtis Creek Drawbridge Rehabilitation and Resiliency • MR-3040-0000 R – On-Call Miscellaneous Paving Repairs 4. Approval – Contract Modifications • MA-2868-0000 – Electronic Toll System (ETC 3G) Customer Service Center Services – Collection - Contract Modification No. 5 • MA-2257-0000 – Electronic Toll System (ETC 3G) Toll System and Services - Contract Modification No. 4 5. Approval – Chesapeake Bay Crossing Study: Tier 2 NEPA – MDTA Recommended Preferred Alternative Approval 6. Approval – Legislative Proposals • Authority to Notice Registered Owners of a Class G Vehicle • Revenue Bond Cap Increase 7. Approval – MDTA Board Resolution 25-02 – Series 2026 Bonds 8. Update – 1 st Quarter Operating Budget Comparison – Review of Actual vs. Projected Fiscal Year 2026 Operating Budget Spending 9. Update – 1 st Quarter Capital Budget Comparison – Review of Actual vs. Projected Fiscal Year 2026 Capital Budget Spending
Chair
5 min.
Bruce Gartner
5 min.
Jeffrey Davis
15 min.
Jeffrey Davis
15 min.
Melissa Williams
30 min.
Heather Lowe
Bradley Ryon
15 min.
Allen Garman
5 min.
Jeffrey Brown
5 min.
Jennifer Stump
5 min.
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING DECEMBER 18, 2025 9:00 AM
AGENDA PAGE 2
10. Update – Quarterly Update on Traffic and Revenue – Update on the Actual Performance of Traffic and Revenue Compared to the Forecast through September 30, 2025
Walt Laun
5 min.
11. Update – Audit Committee Update - Verbal
Member Ardinger
5 min.
12. Update – Executive Director’s Report – Verbal
Bruce Gartner
10 min.
Vote to Adjourn Meeting
TAB 1
MARYLAND TRANSPORTATION AUTHORITY BOARD MEETING
TUESDAY, NOVEMBER 25, 2025 9:00 A.M.
2310 BROENING HIGHWAY, BALTIMORE MD 21224 IN-PERSON & LIVESTREAMED OPEN MEETING
OPEN SESSION
Samantha J. Biddle, Chair
MEMBERS ATTENDING:
Dontae Carroll – via Phone Maricela Cordova William H. Cox, Jr. Mario J. Gangemi Cynthia D. Penny-Ardinger Jeffrey S. Rosen - Phone Samuel D. Snead – via Phone John F. von Paris
STAFF ATTENDING:
Lt. Col. Ronce Alford Jeffrey Brown Kevin Cullity Jeffrey P. Davis
Allen Garman Bruce Gartner
James Harkness Natalie Henson Walter Laun Megan Mohan, Esq. Mary O’Keeffe John Sales Col. Joseph Scott
Deb Sharpless Cheryl Sparks Jason Stolicny Jennifer Stump Bradley Tanner Brian Wolfe
OTHERS ATTENDING:
Erick Ferris, WMAR Hayes Gardner, Baltimore Banner Jaclyn Hartman, Assistant Secretary, MDOT Austin Korycki, Del. Bob Long Staffer Bob Long, Delegate, District 6 – Baltimore County Steuart Pittman, Anne Arundel County Executive William Seymour, SB Tiana Wynn, SB
OPEN SESSION NOVEMBER 25, 2025 PAGE 2 OF 11
At 9:02 a.m. Chair Samantha J. Biddle called the meeting of the Maryland Transportation Authority (MDTA) Board to order. The meeting was held in-person at MDTA Headquarters, 2310 Broening Highway, Baltimore MD 21224 and was livestreamed on the MDTA Board Meeting web page.
APPROVAL – AMENDMENT OF AGENDA TO MOVE AGENDA ITEM # 4 – CONTRACT AWARDS AFTER AGENDA ITEM # 11 – CONTRACT MODIFICATION
Prior to beginning the Agenda, Chairman Biddle asked the MDTA Board for a motion to amendment the agenda by moving Agenda Item # 4 – Contract Awards after Agenda Item # 11 – Contract Modification.
Upon motion by Member William H. Cox, Jr. and seconded by Member John F. von Paris, the amendment to the agenda was unanimously approved.
APPROVAL – OPEN SESSION MEETING MINUTES OF OCTOBER 30, 2025
Upon motion by Member Mario J. Gangemi, and seconded by Member Cynthia D. Penny- Ardinger, the open session meeting minutes of the MDTA Board meeting held on October 30, 2025 were unanimously approved.
APPROVAL – CLOSED SESSION MEETING MINUTES OF OCTOBER 30, 2025
Upon motion by Member William H. Cox, Jr., and seconded by Member Maricela Cordova, the closed session meeting minutes of the MDTA Board meeting held on October 30, 2025 were unanimously approved.
UPDATE – FISCAL YEAR 2025 INDEPENDENT AUDITORS’ FINANCIAL STATEMENTS AUDIT AND SERVICE ORGANIZATION CONTROL (SOC) 1 AND SOC 2 REPORTS
Mr. William Seymour, representing the Maryland Transportation Authority’s Independent Auditor - SB & Company, presented the results of the Fiscal Year (FY) 2025 financial statements and Service Organization Control (SOC) audits conducted for the Maryland E-ZPass® System. Mr. Seymour gave an overview of the key areas of emphasis, internal controls, required auditor communications, and future considerations regarding the MDTA’s financial statements. An unmodified opinion was issued. As it pertains to the SOC audits, exceptions ( i.e. , findings) were noted related to the timeliness of disaster recovery testing (TransCore) and organization and human resources and confidentiality (Kapsch). Irrespective of the findings, unmodified opinions were issued for the SOC 1 Type 2 and SOC 2 Type 2 audits.
OPEN SESSION NOVEMBER 25, 2025 PAGE 3 OF 11
APPROVAL – FISCAL YEAR 2027 PRELIMINARY OPERATING BUDGET
Mr. Jeffrey Brown requested MDTA Board approval of the Preliminary Fiscal Year (FY) 2027 Operating Budget.
Mr. Brown explained that the proposed FY 2027 Preliminary Operating Budget of $463.1 million represents a $0.9 million, or 0.2%, increase versus the FY 2026 Amended Operating Budget. Several of the key changes include the transfer of IT personnel costs to contractual services and increases in E-ZPass ® service center (tolling vendor) costs, building/road repair and maintenance costs, and insurance costs. These increases were partially offset by reduced vehicle purchases, reduced credit card fees, and various other smaller reductions.
Upon motion by Member Jeffrey S. Rosen and seconded by Member Maricela Cordova, the Preliminary Fiscal Year (FY) 2027 Operating Budget was unanimously approved.
UPDATE – FRANCIS SCOTT KEY BRIDGE
Mr. James Harkness and Mr. Brian Wolfe updated the MDTA Board on the program scope, cost, and schedule for the reconstruction efforts of the Franscis Scott Key Bridge.
They explained that the Maryland Transportation Authority (MDTA) continues to work in partnership with the Federal Highway Administration to quickly and safely advance the rebuilding of the Francis Scott Key Bridge and the project’s development and design progression has resulted in an updated cost estimate range of $4.3-$5.2 billion with an anticipated open-to-traffic date in late 2030. They further explained that preliminary estimates for the cost and timeline of the rebuild were made less than two weeks after the initial incident in March 2024, prior to any design or engineering studies. Since then, national economic conditions have changed significantly and material costs have increased dramatically. Pre-construction activities, updated datapoints and advanced design – not available in the immediate days following the bridge collapse – have been used to inform the MDTA on an updated estimated cost and schedule for the project. After negotiations with the progressive design builder Kiewit are complete, MDTA anticipates the final cost of the project will be within the estimated price range. The increased length of the main span, now 1,665 feet, has resulted in an increase of the overall span of the bridge and the height of the main piers. The increased size accommodates larger marine traffic and is needed to comply with current guidelines from the American Association of State Highway and Transportation Officials for new bridges. The size and cost of the pier protection, the extent of which was not accounted for in the preliminary estimate, adds an additional cost to the project. The towers needed to accommodate both the length and 230-foot height of the bridge deck, add a significantly higher cost than initial assumptions.
OPEN SESSION NOVEMBER 25, 2025 PAGE 4 OF 11
According to the Federal Highway Administration, highway construction costs have increased approximately 72% in the last five years, which has led to an uncertain construction and bonding market nationwide. Inflation remains a risk to the cost of materials and contractors continue to price that risk into their bids. The cost of raw materials and labor remains constantly in flux. When pricing construction jobs, uncertainty equates to risk, which impacts cost. The State has, and will continue to make, substantial financial commitments and contributions to support the Key Bridge reconstruction, including advancing upfront construction costs and contributing hundreds of millions of dollars in insurance proceeds toward the rebuilding effort. The project is making significant progress in the design and pre-construction phases, and groundbreaking for the new bridge is expected to occur in the coming months. The MDTA is working to expedite the delivery of a new bridge and acknowledges the impact the loss of the Key Bridge has on the Baltimore region, from longer commute times to financial strain on businesses in our State. The MDTA and the Maryland Department of Transportation remain committed to mitigating the impacts of the loss of the bridge throughout the rebuild process. This includes providing travelers with the best real-time information possible, adjusting transport operations and providing new travel options, all with the goal of reducing congestion and impacts to our local communities.
At the conclusion of this presentation, Anne Arundel County Executive Steuart Pittman and Delegate Bob Long (District 6, Baltimore County) gave public comment.
Anne Arundel County Executive Steuart Pittman commended the MDTA for their speed, safety, professionalism, and extraordinary transparency on this project. He also stated that he is aware that there are factors outside of the MDTA’s control impacting the updated cost estimate of the new bridge. He ended his comment by thanking the MDTA and expressing his solidarity. Delegate Bob Long thanked the MDTA team for everything that has been accomplished and how fast the MDTA has been able to get things done. His concern is the new timeline for the rebuild. He stated that time is of the essence for the people that he represents as the bridge was the lifeline of his district and that tunnel traffic isn’t getting any better. He requests that MDTA and all its partners work together in a timely manner to get the new bridge built.
APPROVAL – FINAL FISCAL YEAR 2026 – 2031 CONSOLIDATED TRANSPORTATION PROGRAM (CTP)
Ms. Jennifer Stump requested MDTA Board approval for the proposed Final Fiscal Year (FY) 2026-2031 Consolidated Transportation Program (CTP). She explained that the six-year FY 2026- 2031 budget in the proposed CTP is $8.4 billion.
OPEN SESSION NOVEMBER 25, 2025 PAGE 5 OF 11
The proposed CTP reflects a net increase in the six-year FY 2026-2031 budget of $3.4 billion. The net FY 2026-2031 increase is the result of the following:
• Added two system preservation projects, one environmental project, and one information technology project for a net increase of $7.4 million. • The construction phase of five projects was funded for a total of $284.1 million transferred from the reserves as design reached 60% level and cost estimates were established on fully developed scopes. • Ten projects were completed or cancelled which netted no budget changes in the FY 2026- 2031 period. • Adjusted cash flows and funded changes in engineering and/or construction budgets for ninety-seven projects for a net budget increase of $3.4 billion. • The allocated reserves had a net decrease of $339.7 million, and the unallocated reserves remained the same.
Upon motion by Member Mario J. Gangemi and seconded by Member Maricela Cordova, the Final Fiscal Year 2026 – 2031 Consolidated Transportation Program was unanimously approved.
UPDATE – TRAFFIC AND REVENUE FORECAST UPDATE
Mr. Walter Laun briefed the MDTA Board on the annual update to the Traffic and Revenue (T&R) forecasts for all facilities.
Mr. Laun explained that each year, an update to the ten-year traffic and revenue forecast is prepared by independent Consultants. The MDTA selected CDM Smith through a competitive process to provide the T&R forecast. The forecast is built on historical data from the MDTA’s facilities and national, regional, and State socioeconomic data, such as population, employment, unemployment, real income per capita, real gross domestic product, inflation, and fuel prices. The T&R forecast also accounts for, among other things, video toll collection and enforcement, traffic impacts associated with the FSK rebuild, the I-95 ETL expansion, and near-term T&R growth trends.
Mr. Laun then provided the following key takeaways:
• The current T&R forecast (FY 2025 – 2031) projects total system revenue (including administrative) will increase by $33.4 million, or 0.6%, when compared to the October 2024 T&R Forecast Update. o The increase in revenue is mainly attributable to increased collections from the Central Collection Unit (CCU) for MDTA’s video tolls and civil penalty fees, partially offset by reduced revenues associated with the revised opening date of the Key Bridge. Other contributors include re-benchmarking the forecast to reflect the latest trends that include additional transactions on the Intercounty Connector (ICC) and an increase in the average toll rate on the I-95 Express Toll Lanes (ETL). • The November 2025 forecast assumes the Fransis Scott Key Bridge reopens at the end of calendar year 2030, revised from 2028.
OPEN SESSION NOVEMBER 25, 2025 PAGE 6 OF 11
• The Intercounty Connector (ICC) in-lane revenue is projected to increase compared to the previous forecast. • The I-95 Express Toll Lanes (ETL) in-lane revenue is projected to increase compared to the previous forecast. • Projected administrative toll revenue increased by $104.1 million, or 27.8%, compared to the previous forecast. This increased assumption is in response to the timely submission of MVA and CCU referrals coupled with the resumption of the Maryland State Tax Refund Intercept Program (TRIP).
APPROVAL – FISCAL YEAR (FY) 2026 – 2031 FINANCIAL FORECAST
Ms. Deborah Sharpless requested MDTA Board approval of the Fiscal Year (FY) 2026-2031 Financial Forecast.
Ms. Sharpless explained that this forecast includes the Fall 2025 Traffic and Revenue (T&R) Forecast Update, the Final FY 2026 - 2031 CTP, and the Preliminary FY 2027 Operating Budget. The forecast also incorporates intermediate-term borrowings to align with anticipated federal reimbursement cashflows for the Key Bridge Rebuild.
She further explained the key component comparisons between the current 6-year forecast and June 2025 forecast are:
• Total revenue : Total revenue remains relatively flat throughout the FY 2026 – 2031 forecast period, declining by a cumulative $2.2 million. The decline in total revenue is primarily attributed to a $71.1 million decrease in in-lane toll revenue caused by the shift in the reopening date of the Key Bridge Rebuild, offset by a $69.6 million increase in toll administrative revenue mostly due to improved performance of the Central Collections Unit. • Operating budget expenses : Operating budget expenses decrease by $33.8 million throughout the 6-year forecast period. The decrease is primarily attributed to a preliminary FY 2027 operating budget growth rate that is less than the assumed growth rate in the prior forecast. • Capital budget expenses : Capital budget expenses increase by $3.4 billion compared to the Draft FY 2026-2031 CTP. The budget range for the Key Bridge Rebuild was updated with the design progress and has not been publicly available since the original preliminary estimate prepared within two weeks of the bridge collapse. For financial forecasting purposes, it is prudent to model the high end of the cost range. Aside from the net increase in the Key Bridge Rebuild project, the other components of the CTP are essentially unchanged over the six-year program period. • Debt issuances : Revenue bond issuances increase by $700.1 million throughout the forecast period, primarily due to intermediate-term financings for the FSK Bridge Rebuild prior to federal reimbursements that are modeled with lag. • Debt Service: Debt service increases by $81.5 during the forecast period due to the intermediate-term, interest-only financings for the FSK Bridge Rebuild project. • Insurance Funds: Of the $350 million of insurance proceeds, $25 million was used for federally eligible debris and salvage costs and the remaining $325 million is currently being spent on federally eligible construction costs.
OPEN SESSION NOVEMBER 25, 2025 PAGE 7 OF 11
• Federal Funds: Consistent with the State’s request, the federal government has appropriated $217 million in funds for the Key Bridge Rebuild. Federal reimbursements are conservatively modeled with one-year lags in the FY 2027- 2033 period. The forecast incorporates full federal reimbursement. Ineligible project expenses may be incorporated into future forecasts as these expenses are known. • Toll increase : Based on the current forecast estimates, beginning in FY 2028, a systemwide toll increase will be necessary to maintain 2.0 times debt service coverage throughout the remainder of the FY 2026-2031 forecast period.
Upon motion by Member Maricela Cordova and seconded by Member Cynthia D. Penny- Ardinger, the Fiscal Year 2026-2031 Financial Forecast was unanimously approved.
UPDATE – BI-ANNUAL REVIEW OF REVENUE SUFFICIENCY
Mr. Allen Garman presented to the MDTA Board the Bi-Annual Review of Revenue Sufficiency update. The MDTA Board Operating Policy requires a biannual review of revenue sufficiency to determine if current rate and fee levels are appropriate relative to projected operating costs and capital spending. The most recent financial forecast shows that current toll rates, fees, and discounts provide adequate revenues through fiscal 2027 to meet forecasted spending and all legal and policy requirements.
APPROVAL – CONTRACT MODIFICATION
• KB-4903-0000 – Key Bridge Rebuild Progressive Design Build – Modification 2
Mr. James Harkness requested approval from the MDTA Board of Modification 2 for Contract No. KB-4903-0000, the Key Bridge Progressive Design-Build (PDB) contract, for additional Early Work Package Funding (EWP) to continue critical path work on the Key Bridge Rebuild. Mr. Harkness explained that on May 29, 2025, the Board approved Contract Modification 1 to KB-4903-0000, which allowed for the issuance of EWPs for the Key Bridge Rebuild project. Additionally, the Board authorized a not-to-exceed amount of $250,000,000.00 for EWPs, with the specific EWP approval authority delegated to the Chief Engineer. He further explained that the materials and work authorized under the initial $250 million are significant in cost and scope. To continue progressing critical path work over the coming months, additional funding is required. The Office of Engineering and Construction, in coordination with the PDB, has reviewed scopes of work and estimated costs for work necessary to progress the construction critical path, including continued pile installation, trestle installation, footing material procurement, and additional pile material procurement. This work requires the authorization of an additional $95 million in early works funding, increasing the not-to-exceed authorization to $345 million. The cumulative total of EWPs shall not exceed $345 million without Board approval.
OPEN SESSION NOVEMBER 25, 2025 PAGE 8 OF 11
Upon motion by Member Mario J. Gangemi and seconded by Member William H. Cox, Jr., the Members unanimously gave approval of Modification 2 for Contract No. KB-4903-0000, the Key Bridge Progressive Design-Build (PDB) contract, and a not-to-exceed amount of $345 million to negotiate Early Work Packages (EWP).
APPROVAL – CONTRACT AWARDS
• FT-3028-0000 – Miscellaneous Structural Repairs Inside Fort McHenry Tunnel
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. FT-3028- 0000 - Miscellaneous Structural Repairs Inside Fort McHenry Tunnel with Restoration East, LLC in the amount of $5,268,778.00. Mr. Davis explained that the work to be performed under this contract is located at the Fort McHenry Tunnel on I-95 in Baltimore City. The work locations are the Southbound (SB) and Northbound (NB) roadways designated as Bores 1 and 2 (SB) and Bores 3 and 4 (NB). The scope of work includes miscellaneous structural concrete and steel repairs throughout the tunnel, ceiling and wall tiles replacement, and retaining wall repairs at the entrance and exit of the tunnel portals. Upon motion by Member William H. Cox, Jr. and seconded by Member Jeffrey S. Rosen, the Members unanimously approved Contract No. FT-3028-0000 - Miscellaneous Structural Repairs Inside Fort McHenry Tunnel.
• MR-3043-0000 – On-Call Structural Repairs and Miscellaneous Modifications
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. MR-3043- 0000 - On-Call Structural Repairs and Miscellaneous Modifications. This is a multi-award for three (3) contracts with not-to-exceed contract amounts. The three (3) bidders with their contract limits are listed below.
Brawner Builders, Inc. Not-to-Exceed Amount of $15,500,000.00 M.D. Miller t/a The Marksmen Not-to-Exceed Amount of $14,500,000.00 Concrete General, Inc. Not-to-Exceed Amount of $11,000,000.00
Mr. Davis explained that the contracts are to provide labor, equipment, and materials necessary to perform miscellaneous structural, concrete, and other related repairs, upgrades, replacements, and new construction as directed by the MDTA project manager. This work may be required on any portion (bridge, tunnel, highway, building, and all appurtenances) of any of the MDTA’s facilities. Upon motion by Member Mario J. Gangemi and seconded by Member Maricela Cordova, the Members unanimously approved execute Contract No. MR-3043-0000 - On-Call Structural Repairs and Miscellaneous Modifications.
OPEN SESSION NOVEMBER 25, 2025 PAGE 9 OF 11
• MA-3024-0000 – System-Wide CCTV Replacement
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Contract No. MA-3024- 0000 – System-Wide CCTV Replacement with Aldridge Electric, Inc. in the amount of $9,978,509.27. Mr. Davis explained that the work to be performed under this contract is located along multiple MDTA facilities including the Baltimore Harbor Tunnel, Fort McHenry Tunnel, Francis Scott Key Bridge, John F. Kennedy Memorial Highway, Thomas J. Hatem Memorial Bridge, Intercounty Connector, and William Preston Lane Jr. Memorial Bridge facilities. The project will upgrade existing CCTV roadway cameras and camera lowering system, upgrade existing tunnel cameras with new PTZ cameras, upgrade existing CCTV security cameras, and upgrade fiber optic communication equipment including a new fiber optic backbone installation. This contract received a single bid. The procurement officer made several efforts to increase awareness of the project through direct solicitation and extension of the bid due date to offer prospective bidders sufficient time to respond. When the single bid was received, the procurement officer evaluated Aldridge Electric, Inc. and determined their bid is fair and reasonable and that the firm is qualified to complete this specialized work. Upon motion by Member Jeffrey S. Rosen and seconded by Member Cynthia D. Penny-Ardinger, the Members unanimously approved Contract No. MA-3024-0000 – System-Wide CCTV Replacement.
• J01B5600027 – IBM Maximo Consulting Services
Mr. Jeffrey Davis requested approval from the MDTA Board to execute Sole Source Contract No. J01B5600027 - IBM Maximo Consulting Services with IBM Corporation in the amount of $5,065,328.80 for a term of five (5) years. Mr. Davis explained that this Sole Source Contract is to provide consulting services for the IBM Maximo system currently utilized by the MDTA as its asset management system. The services include architects, delivery consultants, and project managers which will be utilized to build and upgrade the current Maximo system to the Maximo Application Suite (MAS) version 9. A Sole Source procurement is required because IBM Corporation is the developer and proprietary owner of the Maximo software and only technicians from IBM can provide the upgrades required for MAS version 9.
As this project exceeds MDTA’s delegated authority, this will be presented at the next available BPW meeting.
Upon motion by Member Jeffrey S. Rosen and seconded by Member Cynthia D. Penny-Ardinger, the Members unanimously approved Sole Source Contract No. J01B5600027 - IBM Maximo Consulting Services.
OPEN SESSION NOVEMBER 25, 2025 PAGE 10 OF 11
APPROVAL – QUARTERLY REVIEW OF INVESTMENT STRATEGY AND BENCHMARKS
Mr. Kevin Cullity requested MDTA Board approval to continue with the current investment strategies and benchmarks for all accounts.
Mr. Cullity explained that for the period ended September 30, 2025, investments conformed to Investment Policy limitations. Portfolio structuring by account adhered to Board approved strategy and should remain consistent, despite short-term return volatility associated with the interest rate environment. Management does not attempt to time market rate changes and duration targeted reserves maintain consistent structures. Chosen strategies and benchmark indices represent a reasonable and prudent compromise between long-term, multiyear return/income focus and tolerance for return volatility. The longer duration strategies employed in certain reserves generate higher return volatility with expected higher average annual returns over multiyear periods. No changes in performance strategy or benchmarks are recommended. Upon motion by Member John F von Paris and seconded by Member Cynthia D. Penny-Ardinger, continuation of the current investment strategies and benchmarks for all accounts was unanimously approved.
UPDATE – FISCAL YEAR 2025 REVENUE ASSURANCE METRICS
Mr. Walter Laun provided the Maryland Transportation Authority (MDTA) Board with an annual update of the disposition of toll transactions.
Mr. Laun explained the following key takeaways: 1) Approximately 94% of total lane transactions in Fiscal Year (FY) 2024 and FY 2025 are expected to be collected; and 2) The percentage of revenue collected from total lane transactions remained consistent year-over-year.
UPDATE - EXECUTIVE DIRECTOR’S REPORT
Mr. Bruce Gartner began his report by thanking everyone on the team who has put in many hours, stretching into the evenings and weekends, to prepare the Board materials for this meeting.
Mr. Gartner then updated the Board on the FSK site visits that were held for media and elected officials; the conclusion of the MDOT CTP tour meetings; the November 22 Bridge Dedication Ceremony to Army Private First Class Justin R. Davis; and the 40 th Anniversary of the Fort McHenry Tunnel. He also reminded the Board of the upcoming December 10 Police Graduation and December 11 Police Promotional Ceremony.
Mr. Gartner also took a moment to recognize that this was Chief Financial Officer Deborah Sharpless’ last Board Meeting before retirement.
OPEN SESSION NOVEMBER 25, 2025 PAGE 11 OF 11
VOTE TO ADJOURN MEETING
There being no further business, upon motion by Member William H. Cox, Jr. and seconded by Member Jeffrey S. Rosen, the Members unanimously voted to adjourn the meeting at 11:10 a.m.
The next MDTA Board Meeting will be held on Thursday, December 18, 2025 at 9:00 a.m. at MDTA, 2310 Broening Highway, Baltimore MD and will be livestreamed on the MDTA Board web page.
APPROVED AND CONCURRED IN:
_________________________________________ Samantha J. Biddle, Chair
TAB 2
RESOLUTION
Recognizing the Services of Deborah E. Sharpless, CPA
WHEREAS, Deborah Sharpless began her service with the State of Maryland in January 1996 at the Maryland Lottery and Gaming Control Agency, where she served as Internal Audit Chief and later as Controller, and began her Maryland Transportation Authority (MDTA) career as Chief Financial Officer in September 2008, and WHEREAS, Ms. Sharpless continued to progress within the MDTA taking on increasing responsibilities throughout her tenure including a period of several years, where she served as Deputy Executive Secretary and guided the agency through significant changes in tolling rates and discount programs, and WHEREAS, She was the steady hand behind some of the most complex financial decisions in the Authority’s history, including major capital milestones such as the Intercounty Connector, the I-95 Express Toll Lanes, Travel Plaza Redevelopment and the new Nice/Middleton Bridge, as well as the aftermath of the Key Bridge collapse, and WHEREAS, Ms. Sharpless championed the transition to modernized electronic tolling, led Video Tolling reforms, and took on a national leadership role through the E-ZPass Interagency Group earning admiration across the entire tolling industry, and WHEREAS, She went above and beyond to strengthen interagency communications, identify inefficiencies and implemen t corrective process improvements; helped establish consistent financial and management reporting standards, and successfully led the agency
through multiple audits, federal reporting cycles, and legislative budget analyses with accuracy and professionalism; and WHEREAS, As a 2017 Leadership Maryland graduate Ms. Sharpless was dedicated to her profession -- mentoring, developing and establishing succession pathways for the n ext generation of MDTA financial leaders ; serving on numerous national and regional boards, including the E-ZPass Interagency Group Executive Management Committee (Director, Vice Chair, and Chair), the International Bridge, Tunnel & Turnpike Association, the Conference of Minority Transportation Officials, and Women’s Transportation Seminar, which honored her with 2013 WTS Woman of the Year, and WHEREAS, Ms. Sharpless will leave behind a 30-year legacy of character, integrity, professionalism, and unwavering service to the MDTA family, where her husband David served and son David Jr. continues to serve, we are grateful for her leadership, her kindness, and her loyalty, and she will be deeply missed as she transitions into the next chapter of her professional life, one she looks forward to sharing with her family, especially her five grandchildren; her loyal companion pup Woody; and continuing the cherished annual family trips that reflect her life -long love of Disney magic; and THEREFORE BE IT RESOLVED, On the occasion of Deborah Sharpless’ retirement from her distinguished career of exemplary service, the Chairman and Members of the Maryland Transportation Authority Board hereby express to Ms. Sharpless their most sincere appreciation for her excellence and commitment, and BE IT FURTHER RESOLVED, That this Resolution be entered into the minutes of the MDTA Board meeting of December 18, 2025, and a copy, appropriately framed, be presented to Ms. Sharpless at her retirement celebration as an expression of the MDTA Board’s appreciation and esteem.
TAB 3
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT: ATE: DATE:
Director of Procurement Jeffrey Davis, NIGP-CPP, CMPO HT-3023-0000 – Baltimore Harbor Tunnel (BHT) Facility-Wide Signing Upgrades December 18, 2025
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract No. HT-3023-0000 – Baltimore Harbor Tunnel (BHT) Facility-Wide Signing Upgrades. SUMMARY The work to be performed under this contract is located along the entire I-895 BHT facility including ramps and some approaches to I-895. The project will upgrade signing including new ground mounted signing, new cantilever and overhead signs and sign structures including entrance signs with Dynamic Message Signs (DMS). This project is located in Baltimore County, Baltimore City, Anne Arundel County, and Howard County. This contract received a single bid. The procurement officer made several efforts to increase awareness of the project through direct solicitation and extension of the bid due date to offer prospective bidders sufficient time to respond. A single bid was received from Mclean Contracting Company (McLean) and initially rejected due to issues with their MBE submittal. Mclean protested and was able to demonstrate they met the MBE goal and the rejection was overturned. The procurement officer then evaluated McLean and determined their bid is fair and reasonable and that the firm is qualified to complete the specialized work in the contract (such as the ITS integrations and DMS signage). RECOMMENDATION To execute HT-3023-0000 – BHT Facility-Wide Signing Upgrades. ATTACHMENT • Project Summary
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
AUTHORITY PROJECT SUMMARY HT-3023-0000 BHT Facility Wide Signing Upgrades
PIN NUMBER CONTRACT NUMBER CONTRACT TITLE
2614 HT-3023-0000 BHT Facility Wide Signing Upgrades
PROJECT SUMMARY
The work to be performed under this contract is located along the entire I-895 Baltimore Harbor Tunnel facility including ramps and some approaches to I-895. The project will upgrade signing including new ground mounted signing, new cantilever and overhead signs and sign structures including entrance signs with Dynamic Message Signs (DMS). This project is located in Baltimore County, Baltimore City, Anne Arundel County and Howard County.
SCHEDULE
ADVERTISEMENT DATE
($)
6/2/2025
ANTICIPATED NOTICE TO PROCEED DATE
Advertised GOAL (%)
Proposed GOAL (%)
Feb-26
DURATION (CALENDER DAYS)
MBE PARTICIPATION
730
OVERALL MBE
20.00% 0.00% 0.00% 0.00% 0.00% 1.00%
20.12%
AFRICAN AMERICAN ASIAN AMERICAN HISPANIC AMERICAN
WOMEN
VSBE
1.01%
ENGINEER'S ESTIMATE (EE)
$11,159,564.25
BID RESULTS
BID AMOUNT ($)
% VARIANCE TO EE
NO ☒
BID PROTEST
YES
Mclean Contracting Company
$12,800,000.00
14%
FUNDING SOURCE
100% TOLL REVENUE
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT: DATE:
Director of Procurement Jeffrey Davis, NIGP-CPP, CMPO KB-3020-0000 – Curtis Creek Drawbridge Rehabilitation and Resiliency Project December 18, 2025
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract No. KB-3020-0000 – Curtis Creek Drawbridge Rehabilitation and Resiliency Project. SUMMARY The work to be performed under this Contract is located on I-695 (Baltimore Beltway) at Curtis Creek. The scope of work includes superstructure rehabilitation work on both the inner and outer loop drawbridges to ensure continued operation of the structures as part of MDTA’s ongoing system preservation efforts. The work includes replacement of portions of the concrete decks and parapets, strengthening the existing steel girders, repairing the existing steel catwalks, maintenance of traffic, replacement of traffic signals and low level lighting, and other miscellaneous repairs as detailed in the contract documents. RECOMMENDATION To execute Contract No. KB-3020-0000 – Curtis Creek Drawbridge Rehabilitation and
Resiliency Project. ATTACHMENT
• Project Summary
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
ATHORITY PROJECT SUMMARY KB-3020-0000 CURTIS CREEK DRAWBRIDGE REHABILITATION AND RESILIENCY PROJECT
PIN NUMBER CONTRACT NUMBER CONTRACT TITLE
2619 KB-3020-0000 Curtis Creek Drawbridge Rehabilitation and Resiliency Project
PROJECT SUMMARY
The work to be performed under this Contract is located on I-695 (Baltimore Beltway) at Curtis Creek. The scope of work includes superstructure rehabilitation work on both the inner and outer loop drawbridges to ensure continued operation of the structures as part of MDTA’s ongoing system preservation efforts. The work includes replacement of portions of the concrete decks and parapets, strengthening the existing steel girders, repairing the existing steel catwalks, maintenance of traffic, replacement of traffic signals and low level lighting and other miscellaneous repairs as detailed in the Contract documents.
SCHEDULE
ADVERTISEMENT DATE
($)
6/24/2025
ANTICIPATED NOTICE TO PROCEED DATE
Advertised GOAL (%)
Proposed GOAL (%)
Jan-26
DURATION (CALENDAR DAYS)
DBE PARTICIPATION
540
OVERALL MBE
0.00%
- - - - - - -
AFRICAN AMERICAN ASIAN AMERICAN HISPANIC AMERICAN
- - - - -
WOMEN
NATIVE AMERICAN
VSBE
0.00%
ENGINEER'S ESTIMATE (EE)
$15,529,717.78
BID RESULTS
BID AMOUNT ($)
% VARIANCE TO EE
NO ☒
Cianbro Corporation
BID PROTEST
YES
$14,299,576.00 $15,304,998.20 $16,280,832.28
-8% -1%
Kokosing Construction Company, Inc. M.D. Miller Co., Inc. T/A The Marksmen Co.
FUNDING SOURCE
52% TOLL REVENUE
5%
48% FEDERAL INFRA GRANT
MEMORANDUM
TO:
MDTA Board
FROM: SUBJECT: DATE:
Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO MR-3040-000-000R – On-Call Miscellaneous Paving Repairs December 18, 2025
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Contract No. MR-3040-000-000R – On-Call Miscellaneous Paving Repairs. SUMMARY This contract includes performing paving work on both asphalt and concrete pavement, as well as upgrades, and new construction related to concrete traffic barriers, roadside drainage features, and slope stabilization. All work under this contract will be performed as on-call work order assignments directed by the MDTA Engineer. The work under this contract will be performed at all MDTA facilities. RECOMMENDATION To execute Contract No. MR-3040-000-000R – On-Call Miscellaneous Paving Repairs. ATTACHMENT • Project Summary
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
AUTHORITY PROJECT SUMMARY MR-3040-000-000R - On-Call Miscellaneous Paving Repairs
PIN NUMBER CONTRACT NUMBER CONTRACT TITLE
2653 MR-3040-0000R On-Call Miscellaneous Paving Repairs
PROJECT SUMMARY
This contract includes performing paving work on both asphalt and concrete pavement, as well as upgrades, and new construction related to concrete traffic barriers, roadside drainage features and slope stabilization. All work under this contract will be performed as on-call work order assignments directed by the MDTA Engineer. The work under this contract will be performed at all Maryland Transportation Authority (MDTA) facilities.
SCHEDULE
ADVERTISEMENT DATE
($)
9/11/2025
ANTICIPATED NOTICE TO PROCEED DATE
Advertised GOAL (%)
Proposed GOAL (%)
Feb-26
DURATION (CALENDER DAYS)
MBE PARTICIPATION
1,095
OVERALL MBE
19.00% 0.00% 0.00% 0.00% 0.00% 1.00%
19.00% 0.00% 0.00% 0.00% 0.00% 1.00%
AFRICAN AMERICAN ASIAN AMERICAN HISPANIC AMERICAN
WOMEN
VSBE
ENGINEER'S ESTIMATE (EE)
$14,805,385.00
BID RESULTS
BID AMOUNT ($)
% VARIANCE TO EE
NO ☒
BID PROTEST
YES
Allan Myers MD, Inc.
$12,998,211.12 $13,415,370.42 $14,282,253.42
-12%
Gray & Son, Inc.
-9% -3%
FUNDING SOURCE
100% TOLL REVENUE
P. Flanigan & Son, Inc.
TAB 4
Cynthia D. Penny-Ardinger Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris
MEMORANDUM
TO:
MDTA Board
FROM:
Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO
SUBJECT:
MDTA Electronic Toll Collection (ETC-3G) Customer Service Center Services, Contract N0. MA-2868-0000 – Contract Modification No. 5
DATE:
December 18, 2025
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Modification No. 5 for Contract No. MA- 2868-0000 with TransCore LP. Final approval of this Modification is contingent upon the Board of Public Works (BPW) approval at the next available meeting. BACKGROUND Contract MA 2868-000 was competitively solicited and awarded to Transcore Limited Partnership (aka Transcore, LP) on February 21, 2018, in the amount of $200,428,772.81 to furnish and provide Customer Service Center Services and Systems for the operation of the Electronic Toll Collection System. To date, there have been four contract modifications. Modification No. 1 was approved by the BPW on July 22, 2022, for $63,106,810.98. Modification No. 2 was approved by the BPW on July 7, 2023, for $44,317,717.58. Modification No. 3 was approved by the BPW on August 28, 2024, for $49,159,268.19. Lastly, Modification No. 4 was approved by the BPW on October 1, 2025. Modification No. 4 was a no-cost modification related to business requirements and a non-compensable time extension for certain phases of the contract. The current contract value is $357,012,569.56. The proposed Modification No. 5 includes an adjustment to the calculation of a Key Performance Indicator (KPI) and increases funding for new business requirements and Operations and Maintenance (O&M).
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
ETC-3G CSC Contract Mod No. 5 Page Two SUMMARY
As shown below, the net increase for Modification No. 5 is $38,518,558.29. This includes an additional $61,662,773.43 for O&M activities and the application of $23,144,215.14 in unused funds from Years 1 and 2 of the contract. If approved, the new contract total will be $395,531,127.85.
O&M : Modification No. 5 increases the original O&M line items for Phase IV in years 5 and 6 by $61,662,773.43. The increase is primarily due to (1) changes in certain line items associated with the overnight transition to all-electronic tolling (AET) due to the COVID-19 pandemic; (2) correcting an error in pre-registered account quantities in the Request for Proposals; (3) the inclusion of new business requirements that support the MDTA’s toll collection initiatives which are aimed at increasing the MDTA’s revenue attainment (e.g., second payment warning notice and altering the bundling requirement for Notices of Toll Due mailings); and (4) transponder fulfillment. KPI – Employee Turnover : Modification No. 5 changes the calculation of the annual turnover rate which is currently based on a 90-day probationary period to a 180-day probationary period. The purpose of this change is to provide a fair and more equitable way of calculating the annual turnover rate. RECOMMENDATION Approval of Contract Modification No. 5 for Contract No. MA-2868-0000 with TransCore LP.
Cynthia D. Penny-Ardinger Jeffrey S. Rosen Samuel D. Snead, MCP, MA John F. von Paris
MEMORANDUM
TO:
MDTA Board
FROM:
Director of Procurement, Jeffrey Davis, NIGP-CPP, CMPO
SUBJECT:
MDTA Electronic Toll Collection (ETC-3G) Toll System and Services, Contract No. MA-2257-0000 – Contract Modification No. 4
DATE:
December 18, 2025
PURPOSE OF MEMORANDUM To seek approval from the MDTA Board to execute Modification No. 4 for Contract No. MA- 2257-0000 with Kapsch TrafficCom USA Inc. Final approval of this Modification is contingent upon the Board of Public Works (BPW) approval at the next available meeting. BACKGROUND Contract MA 2257-000 was competitively solicited and awarded to Kapsch TrafficCom USA Inc. (Kapsch), on February 21, 2018, in the amount of $71,911,342.78. The contract requires Kapsch to furnish and provide Operator Electronic Toll Collection Technology and Associated Subsystem Components and Services for the operation of the Electronic Toll Collection System. Modification No. 1 was approved on July 22, 2022, for $8,764,758.28. Modification No. 2, a no-cost modification, was approved on July 7, 2023. Modification No. 3 was approved on August 28, 2024, for $16,130,376.68. The current contract value is $96,806,477.74. The proposed Modification No. 4 will (1) update the language of the Key Performance Indicators (KPI) for Video Toll Review and Trip Building; and (2) increase the original Operations and Maintenance (O&M) line items due to the conversion from cash to All-Electronic Tolling (AET) and the completion of task orders related to the I-95 Express Toll Lanes (ETL) Northbound Extension, and double blind image review being performed by Kapsch’s subcontract IntelliRoad.
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
ETC-3G Toll System Mod No. 4 Page Two SUMMARY
As shown in the table below, the net increase of Modification No. 4 is $19,788,506.44. This includes an additional $21,890,738.00 in funds for O&M activities and the application of $2,102,231.56 in unused funds from Years 1 and 2 of the Contract. If approved, the new contract total will be $116,594,984.18.
Modification #3 Contract Value
$
96,806,478
Modification #4 (O&M Activities)
AET - O&M Support of Lane Equipment
$
5,890,738 5,000,000 11,000,000 21,890,738
IntelliRoad Image Reviews
Other (FSK Rebuild, I-95 ETL adjustments, force majeure, etc.)
$
Unused Funds from Years 1 & 2
$
(2,102,232)
Modification #4 (Net Increase)
$
19,788,506
New Total Contract Value
$ 116,594,984
O&M : Modification No. 4 will increase Phase IV O&M line items by $5,890,738.00 for years 5 and 6. The increase is due to the earlier than anticipated conversion from cash to AET during the COVID-19 pandemic. Additionally, $5,000,000.00 is being added to the contract to create an operating line item for double-blind image review. The modification also reflects the inclusion of additional allowance funding in the amount of $11,000,000.00 to complete the Francis Scott Key (FSK) Bridge Rebuild, account for I-95 ETL cost adjustments, force majeure incidents, MD Integrated System for Transaction Analytics and Reporting, and future task orders to improve and enhance customer service. KPI – Double-Blind Reviews : As a result of the implementation of double-blind image review, trip processing will change. Double-blind image review will enhance image review accuracy to minimize the number of customers receiving incorrect bills due to incorrect license plate data. This helps to maximize revenue by reducing the number of rejection errors and toll disputes. The amended KPI contract language accounts for the inclusion of double-blind image review as part of the quality image review process. RECOMMENDATION Approval of Contract Modification No. 4 for Contract No. MA-2257-0000 with Kapsch TrafficCom USA Inc.
TAB 5
MEMORANDUM
TO:
MDTA Board
FROM:
Director of Planning & Program Development, Melisa Williams
SUBJECT:
Chesapeake Bay Crossing Study: Tier 2 NEPA Decision: MDTA’s Recommended Preferred Alternative
DATE:
December 18, 2025
PURPOSE OF MEMORANDUM The purpose of the memorandum is to seek your approval of Alternative C as MDTA’s Recommended Preferred Alternative for the Chesapeake Bay Crossing Study: Tier 2 NEPA and proceed with public hearings in early February 2026. SUMMARY The Chesapeake Bay Crossing Study: Tier 2 NEPA (Tier 2 Study) is a National Environmental Policy Act (NEPA) study underway by the Maryland Transportation Authority (MDTA). The purpose of the Tier 2 Study is to address existing and future transportation capacity needs and access across the Chesapeake Bay and at the Chesapeake Bay Bridge approaches along the U.S. 50/301 corridor. The Tier 2 Study is evaluating measures to reduce congestion; improve travel times and reliability, mobility, and roadway deficiencies; and accommodate maintenance activities and navigation. The Tier 2 Study is also considering objectives for environmental responsibility, as well as cost and financial responsibility. This memorandum outlines the Maryland Transportation Authority’s (MDTA’s) Recommended Preferred Alternative (MDTA-RPA), Alternative C, for the Tier 2 Study. This alternative maintains the six existing lanes on the Western Shore, increases capacity to eight lanes across the Bay, and maintains the six existing lanes on the Eastern Shore. Alternative C includes a southern bridge location, with one new span located just south of the existing Bay Bridge spans and one span between the existing spans. The existing spans would be removed. It also includes transit-
2310 Broening Highway • Baltimore, MD 21224 • mdta@mdta.maryland.gov • 410.537.1000 • 711 (MD Relay) • mdta.maryland.gov • DriveEzMD.com
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