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ECONOMICS OF TOLL ROADS

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ECONOMICS OF TOLL ROADS

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    1. ECONOMICS OF TOLL ROADS Robert Sarmiento PA 710

    2. Congestion Rising population in metropolitan areas. Caused by urban sprawl. More vehicles on freeways.

    3. Congestion Freeway construction hasn’t matched pace of increased number of vehicles. Accidents. Loss of time and money. Negative impact on environment.

    4. Alternatives Carpooling Public Transportation Telecommuting

    5. Toll Roads Pay fee to use highway. Usually parallel or near other freeways. Some toll roads have flat rate, while others use “congestion pricing.”

    6. Toll Roads Examples CA-91 in Orange County, CA I-394 in Minneapolis, MN Meishin Expressway from Nagoya to Kobe, Japan

    7. Economics of Toll Roads Freeways congested because anyone can use them. Only cost is time and space. Demand is limited by amount of cars using freeway.

    8. Economics of Toll Roads Toll Pricing reduces demand. Gives people choice of whether to pay for a highway with a constant flow, or drive for free on congested highway. Encourages people to look for alternatives to travel.

    9. Economics of Toll Roads Congestion pricing Toll road use fluctuates, so toll fee fluctuates. Toll roads pay for construction and operating costs.

    10. Other Benefits Get vehicles moving in a more smooth and predictable manner. Internalizes costs. Revenue can pay for future toll roads. Outside budget constraints of government.

    11. Costs Expensive fees Regressive (favors the rich) May impede development.

    12. Conclusion More toll roads being built. Increased support for toll roads. In the future, a network of toll roads alongside freeways.

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