The Long and Winding Path to Private Financing and Regulation of Toll Roads

Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of use...

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Bibliographic Details
Main Authors:	Estache, Antonio, Romero, Manuel, Strong, John
Format:	Publications & Research
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	access roads accident accident rates airports arterial roads Asian Toll Road Development Asian Toll Road Development Program average daily traffic black market in toll receipts Bridge bridges bus commercialization concession process concession program concessionaire concessionaires congestion congestion relievers Construction construction company construction work corridor daily traffic debt decline in private toll roads development roads district roads domestic passenger economic growth experience with toll roads export expressways feeder network Financing of Roads flooding freeways freight freight movements gasoline tax heavy traffic heavy traffic demand high traffic highway highway safety highways income interchanges interest costs kilometers of toll roads land acquisition lighting columns local authorities macroeconomic conditions maintenance motor vehicles motorways municipalities National Expressway Network national governments national road network national roads new toll road number of lanes number of vehicles operation and maintenance options for toll roads parallel roads passenger passenger car unit passenger movement pavement paving pcu peak periods Piers private operators private participation private roads private sector private sector concessions private sector participation private toll financing private toll roads provision of toll roads public involvement public sector public toll financing public toll roads public works railways range remote revenue stream risk management road accidents road capacity road concessions road construction road design Road Financing road improvements road infrastructure road investment road investments road maintenance road network road networks road sector Road System road systems road traffic Road transport road users route routes safety safety regulation signs speed structures toll collection toll evasion Toll financing toll free toll revenue toll revenue pooling toll revenue pooling system toll revenues toll road toll road concession toll road development toll road program toll road projects toll road system toll roads toll systems tolling tolls traffic traffic forecast traffic forecasts traffic growth traffic levels traffic predictions traffic volume traffic volumes transfer concessions transition economies transportation travel time trips trucking trucks tunnels urban expressways urban roads urban routes urbanization vehicle operating costs vehicles toll roads & highways private financing government regulation cost effectiveness service delivery financial forecast payment of charges political risk analysis regulatory structure dispute resolution market competition performance indicators information requirements
Online Access:	http://hdl.handle.net/10986/21408