Estimating Toll Road Demand and Revenue PDF Download

Author: David S. Kriger
Publisher: Transportation Research Board
ISBN: 0309097762
Category : Transportation
Languages : en
Pages : 113

View

Book Description

Author: Robert Bain
Publisher: Lulu.com
ISBN: 0956152716
Category : Business & Economics
Languages : en
Pages : 126

View

Book Description
Toll roads, bridges and tunnels represent the most popular class of infrastructure attracting international private finance today. Many deals, however, expose financiers, insurers and other project counterparties to demand risk. This moves traffic and revenue forecasts centre-stage in terms of being able to understand and test the investment proposition - yet the forecasting process itself often remains a mystery. Additionally, there are frequent concerns about predictive reliability. Written specifically for credit analysts, investors and other professionals whose primary expertise lies outside transportation, this book lifts the lid on the 'black box' of traffic and revenue forecasting. The author, Robert Bain (ex-S&P and a civil engineer with 20+ years of forecasting experience) has prepared a straightforward guide which highlights key issues to watch for and suggests ways in which the forecasts can be analysed to improve transparency and investor understanding.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 24

View

Book Description
This session contains the following papers: Classic toll road financial failures - Lessons for the future (Nielsten, GV); Estimating demand and revenue potential for the Route 91 express lanes (Josef, RR, Regan, EJ and Porter, JC); Private toll road: SR 91 toll express lanes (Hartje, RL, Pfeffer, GS); Oklahoma turnpikes - The second time around (Ridings, RL and Smith, SM); "Tollsim": A simulation model for the evaluation of ETTM systems in Florida (Lin, J and Hoang, LT).

Author:
Publisher:
ISBN:
Category : Toll roads
Languages : en
Pages : 42

View

Book Description

Author: Dong Hun Kang
Publisher:
ISBN:
Category : Toll roads
Languages : en
Pages : 114

View

Book Description
This research examines a new methodology for prospectively estimating the willingness of travelers to use a toll road by combining travel time saved with the income of the prospective customer base. The purpose of the research is to facilitate network level planning by allowing some reasonable predictions of acceptable toll rates using readily available data and estimation techniques. Methods of estimating user benefit resulted in simulated distributions of value of user time. Values of time are linked to census tract income data for the user population to produce value of time as a percent of income as an indicator, which is hypothesized to be a more useful indicator of the travel market than conventional indicators. Techniques for estimating the travelshed of a toll road are examined. Results show that considering value of time as a percentage of census tract median income provides an improved portrayal of the toll road market, as usage of the toll road increases with increasing income. Using census tract median income as the income parameter has shortcomings, in that it produces anomalous results at very low population levels. Of the two methods of estimating the travelshed, the visual estimation approach was not satisfactory, leaving the analyst to use select link analyses instead.

Author: Benjamin Gerry Perez
Publisher: Transportation Research Board
ISBN: 0309258286
Category : Business & Economics
Languages : en
Pages : 125

View

Book Description
"TRB's National Cooperative Highway Research Program (NCHRP) Report 722: Assessing Highway Tolling and Pricing Options and Impacts provides state departments of transportation (DOTs) and other transportation agencies with a decision-making framework and analytical tools that describe likely impacts on revenue generation and system performance resulting from instituting or modifying user-based fees or tolling on segments of their highway system. Volume 2: Travel Demand Forecasting Tools provides an in-depth examination of the various analytical tools for direct or adapted use that are available to help develop the forecasts of potential revenue, transportation demand, and congestion and system performance based on tolling or pricing changes. Volume 1: Decision-Making Framework includes information on a decision-making framework that may be applied to a variety of scenarios in order to understand the potential impacts of tolling and pricing on the performance of the transportation system, and on the potential to generate revenue to pay for system improvements"--Publication information.

Author: Borivoje P. Dedeitich
Publisher:
ISBN:
Category : Toll roads
Languages : en
Pages : 112

View

Book Description

Author: Sohail Hasanjee
Publisher:
ISBN:
Category : Toll roads
Languages : en
Pages : 214

View

Book Description

Author: Daniel Brent
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

View

Book Description
High Occupancy Toll (HOT) lanes that use dynamic pricing to manage congestion and generate revenue are increasingly popular. In this paper, we estimate the behavioral response of drivers to dynamic pricing in an HOT lane. The challenge in estimation lies in the simultaneity of price and demand: the structure of dynamic tolling ensures that prices increase as more drivers enter the HOT lane. Prior research has found that higher prices in HOT lanes increase usage. We find that after controlling for simultaneity HOT drivers instead respond to tolls in a manner consistent with economic theory. The average response to a 10 percent increase in the toll is a 1.6 percent reduction in usage. Drivers primarily value travel reliability over time savings, although there is heterogeneity in the relative values of time and reliability based on time of day and destination to or from work. The results highlight the importance of both controlling for simultaneity when estimating demand for dynamically priced toll roads and treating HOT lanes with dynamic prices as a differentiated product with bundled attributes.

Author: Rosaria M. Berliner
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 95

View

Book Description
The current condition of the nation's transportation system is of great concern to State Departments of Transportation. Currently, funds in many state transportation budgets are depleting. Nowadays, State DOT officials together with researchers are exploring various transportation financing approaches and they are considering the utility, merits, challenges, and impacts of these approaches. A major financing approach being considered relies on the collection of tolls on existing toll roads and on roads on which tolls are not presently collected. Recent technology advancements in Open Road Tolling and All-Electronic Tolling have provided State DOTs with the opportunity to consider expanding the use of toll revenue to finance transportation investments. These two types of tolling technologies appeal to motorists by allowing them to maintain their current highway speed while going through a toll plaza. In addition, many State DOT officials now view toll based approaches as viable "user fee" based strategies together with other alternative approaches such as the fuel tax and sales tax. Central to this research is a case study of the Boston Metropolitan area. The case study includes the formulation and preliminary evaluation of toll based financing approaches potentially suitable for consideration in Massachusetts. The approaches include increases to existing tolls and placing tolls on selected roadways not currently tolled. The evaluation includes estimates of changes in demand and anticipated revenues associated with these toll based approaches. It is expected that the results of this research will be of interest to State DOT officials in Massachusetts and other states.