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

descriptionPublicationkeyboard_double_arrow_right Article 01 Apr 2017 English Publisher:Elsevier BVJournal:Transportation Research Part A: Policy and Practice, volume 98, pages 97-107 (issn: 0965-8564,

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Authors: James Odeck;

doi: 10.1016/j.tra.2017.01.007

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

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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.

Related Organizations

Norwegian University of Science and Technology
Norway
Molde University College
Norway

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