Momentum 2050 is the state’s multimodal transportation plan (MTP), and this document serves as the agency’s long-term vision. The MTP is updated every five years to reflect the latest travel and growth trends, infrastructure conditions, future deficiencies, and estimated funding.
Leah Quattlebaum, Deputy Secretary for Planning, provided an overview of the plan’s updates to the SCDOT Commission at the March meeting. Public input and stakeholder comments played a critical role in drafting these changes, as well as data related to shifting population and demographic changes, port growth, and vehicle technologies.
Population Changes: The state’s Revenue and Fiscal Affairs Office (RFA) estimates that by 2040, there will be 6.2 million people in South Carolina. That’s an increase of nearly one million people over the next 15 years. Because of this, Quattlebaum emphasized the importance of balancing the needs of urban and rural areas because much of the state’s growth is projected along the coast, the I-85 corridor, and near Charlotte. On the other hand, rural counties are experiencing population declines, and projections maintain this decline over the next decade.
Port Growth: The State Ports Authority (SPA) continues to expand operations and is estimated to triple its volume in the next 25 years. Therefore, the ability to move freight safely and efficiently remains critically important.
Electrification of Transportation: The anticipated growth of the EV market remains a concern from a revenue perspective since the state’s primary revenue source is gasoline. In addition, EVs pose challenges to safety/design standards because they have a low center of gravity, and current guardrail designs are less effective for these vehicles.
Momentum 2050 identifies four key goals aimed at tackling the need for ongoing repairs, while modernizing the system to meet the needs of a rapidly changing population and economy.
The reliability of our state’s dedicated revenue streams continues to be a concern given the erosion of buying power that we have seen in recent years due to revenues not keeping pace with population growth and inflation.
To adequately address ongoing repairs and continued growth, the plan estimates that the state needs to invest an additional $971 million. These dollars would be allocated across existing programs and new areas such as rail, truck parking, and rest areas.
Commissioners approved the plan, and it is now open for public comment through April 19.