IDEAS home Printed from https://ideas.repec.org/a/eee/transa/v98y2017icp97-107.html
   My bibliography  Save this article

Government versus toll funding of road projects – A theoretical consideration with an ex-post evaluation of implemented toll projects

Author

Listed:
  • Odeck, James

Abstract

•Socioeconomic principles to choose between government and toll funding are developed.•The principles are then tested on 25 Norwegian toll projects that have been implemented.•We find that BCAs assume government funding only even if projects are funded by tolls.•Furthermore, the marginal cost of government funds were not included in the analyses.•Even so, 50% of tolls generated higher B/C ratios as compared to government funding.

Suggested Citation

  • Odeck, James, 2017. "Government versus toll funding of road projects – A theoretical consideration with an ex-post evaluation of implemented toll projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 98(C), pages 97-107.
  • Handle: RePEc:eee:transa:v:98:y:2017:i:c:p:97-107
    DOI: 10.1016/j.tra.2017.01.007
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0965856416304438
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.tra.2017.01.007?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Odeck, James, 2008. "How efficient and productive are road toll companies?: Evidence from Norway," Transport Policy, Elsevier, vol. 15(4), pages 232-241, July.
    2. Ginés de Rus & Manuel Romero, 2004. "Private financing of roads and optimal pricing: Is it possible to get both?," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 38(3), pages 485-497, September.
    3. Robert Bain, 2009. "Error and optimism bias in toll road traffic forecasts," Transportation, Springer, vol. 36(5), pages 469-482, September.
    4. Rouwendal, Jan & Verhoef, Erik T., 2006. "Basic economic principles of road pricing: From theory to applications," Transport Policy, Elsevier, vol. 13(2), pages 106-114, March.
    5. van den Berg, Vincent A.C., 2012. "Step-tolling with price-sensitive demand: Why more steps in the toll make the consumer better off," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(10), pages 1608-1622.
    6. Holgun-Veras, Jos & Cetin, Mecit, 2009. "Optimal tolls for multi-class traffic: Analytical formulations and policy implications," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(4), pages 445-467, May.
    7. Odeck, James & Bråthen, Svein, 2002. "Toll financing in Norway: The success, the failures and perspectives for the future," Transport Policy, Elsevier, vol. 9(3), pages 253-260, July.
    8. Odeck, James & Bråthen, Svein, 2008. "Travel demand elasticities and users attitudes: A case study of Norwegian toll projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 77-94, January.
    9. María de los Ángeles Baeza & José Manuel Vassallo, 2010. "Private concession contracts for toll roads in Spain: analysis and recommendations," Public Money & Management, Taylor & Francis Journals, vol. 30(5), pages 299-304, September.
    10. Welde, Morten & Odeck, James, 2011. "The efficiency of Norwegian road toll companies," Utilities Policy, Elsevier, vol. 19(3), pages 162-171.
    11. Odeck, James & Bråthen, Svein, 1997. "On public attitudes toward implementation of toll roads--the case of Oslo toll ring," Transport Policy, Elsevier, vol. 4(2), pages 73-83, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Odeck, James, 2019. "Estimating and predicting the operational costs of road tolls: An econometric assessment using panel data," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 466-478.
    2. Odeck, James & Welde, Morten, 2017. "The accuracy of toll road traffic forecasts: An econometric evaluation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 101(C), pages 73-85.
    3. Welde, Morten & Tveter, Eivind, 2022. "The wider local impacts of new roads: A case study of 10 projects," Transport Policy, Elsevier, vol. 115(C), pages 164-180.
    4. Jean-Philippe Meloche, 2019. "Towards a New Era in Road Pricing? Lessons from the Experience of First Movers," CIRANO Working Papers 2019s-35, CIRANO.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Odeck, James, 2019. "Estimating and predicting the operational costs of road tolls: An econometric assessment using panel data," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 466-478.
    2. Baños-Pino, José F. & Boto-García, David & Zapico, Emma, 2022. "Persistence and dynamics in the efficiency of toll motorways: The Spanish case," Economics of Transportation, Elsevier, vol. 31(C).
    3. Baños-Pino, José F. & Boto-García, David & Zapico, Emma, 2021. "Persistence and dynamics in the efficiency of toll motorways: The Spanish case," Efficiency Series Papers 2021/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    4. Dieplinger, Maria & Fürst, Elmar, 2014. "The acceptability of road pricing: Evidence from two studies in Vienna and four other European cities," Transport Policy, Elsevier, vol. 36(C), pages 10-18.
    5. Zapico, Emma & Baños-Pino, José F. & Mayor, Matías, 2024. "Optimal toll rates accounting for traffic accidents: A productive efficiency approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 181(C).
    6. Odeck, James & Welde, Morten, 2017. "The accuracy of toll road traffic forecasts: An econometric evaluation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 101(C), pages 73-85.
    7. Welde, Morten, 2011. "Demand and operating cost forecasting accuracy for toll road projects," Transport Policy, Elsevier, vol. 18(5), pages 765-771, September.
    8. Elmar Fürst & Maria Dieplinger, 2014. "The acceptability of road pricing in Vienna: the preference patterns of car drivers," Transportation, Springer, vol. 41(4), pages 765-784, July.
    9. Welde, Morten & Odeck, James, 2011. "The efficiency of Norwegian road toll companies," Utilities Policy, Elsevier, vol. 19(3), pages 162-171.
    10. Odeck, James & Kjerkreit, Anne, 2010. "Evidence on users' attitudes towards road user charges--A cross-sectional survey of six Norwegian toll schemes," Transport Policy, Elsevier, vol. 17(6), pages 349-358, November.
    11. Sarmento, Joaquim Miranda & Renneboog, Luc & Verga-Matos, Pedro, 2017. "Measuring highway efficiency : A DEA approach and the Malquist index," Other publications TiSEM 23264815-321e-45a3-83ee-9, Tilburg University, School of Economics and Management.
    12. Alejandro Ortega & Maria de los Angeles Baeza & Jose Manuel Vassallo, 2016. "Contractual PPPs for Transport Infrastructure in Spain: Lessons from the Economic Recession," Transport Reviews, Taylor & Francis Journals, vol. 36(2), pages 187-206, March.
    13. Welde, Morten & Bråthen, Svein & Rekdal, Jens & Zhang, Wei, 2020. "Road investments and the trade-off between private and public funding," Research in Transportation Economics, Elsevier, vol. 82(C).
    14. Juli�n Sierra Tamayo & Jose Manuel Vassallo & María de los Ángeles Baeza, 2014. "Unbundling tolls from contracts: a new road PPP model," Public Money & Management, Taylor & Francis Journals, vol. 34(6), pages 447-451, November.
    15. Winslott-Hiselius, Lena & Brundell-Freij, Karin & Vagland, Asa & Byström, Camilla, 2009. "The development of public attitudes towards the Stockholm congestion trial," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(3), pages 269-282, March.
    16. Foster,Vivien & Rana,Anshul & Gorgulu,Nisan, 2022. "Understanding Public Spending Trends for Infrastructure in Developing Countries," Policy Research Working Paper Series 9903, The World Bank.
    17. Li, Yanling & Xu, Yan & Zheng, Yingjie & Cao, Sheng & Wu, Zhenni & Song, Yijin, 2024. "Management efficiency of Chinese toll road operating companies and influencing factors," Utilities Policy, Elsevier, vol. 90(C).
    18. Börjesson, Maria & Eliasson, Jonas & Hugosson, Muriel B. & Brundell-Freij, Karin, 2012. "The Stockholm congestion charges—5 years on. Effects, acceptability and lessons learnt," Transport Policy, Elsevier, vol. 20(C), pages 1-12.
    19. Fontes, T. & Pereira, S.R. & Bandeira, J.M. & Coelho, M.C., 2015. "Assessment of the effectiveness of fuel and toll pricing policies in motorway emissions: An ex-post analysis," Research in Transportation Economics, Elsevier, vol. 51(C), pages 83-93.
    20. Hamilton, Carl J., 2011. "Revisiting the cost of the Stockholm congestion charging system," Transport Policy, Elsevier, vol. 18(6), pages 836-847, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transa:v:98:y:2017:i:c:p:97-107. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/547/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.