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Title:

Revenues from a Statewide Congestion Pricing Program: Estimation on a Shoestring Budget

Accession Number:

01122626

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States
Order URL: http://www.trb.org/Main/Blurbs/Finance...ics_and_Economic_Development_162631.aspx

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Order URL: http://worldcat.org/isbn/9780309126298

Abstract:

Many states in the United States have identified the need to invest in major highway corridors to accommodate growth and ensure the state’s economy is competitive. With conventional pay-as-you-go approaches to funding and procurement, the necessary projects could take decades to complete and would require additional public funding. One innovative financing alternative that may be used in up to 15 states under the Federal Value Pricing Pilot Program is to employ congestion pricing to generate a revenue stream that can leverage the up-front private capital and thus accelerate the delivery schedule for planned state projects. With variable pricing, tolls on existing limited-access highways could be used to manage growing congestion. Revenues from the tolls could be used to (a) pay for the expansion, reconstruction, or rehabilitation of some or all of these highways; (b) help pay for the construction of new highways; and (c) fund improvements in transit services the demand for which would be stimulated by road congestion pricing. This paper presents a sketch-planning approach to estimate the revenue that could be raised if a state were to implement congestion pricing on some or all of its freeways and, for illustrative purposes, demonstrates this approach with data for a case study state.

Monograph Accession #:

01145381

Report/Paper Numbers:

09-0238

Language:

English

Authors:

DeCorla-Souza, Patrick T
Luskin, David M

Pagination:

pp 37-40

Publication Date:

2009

Serial:

Transportation Research Record: Journal of the Transportation Research Board

Issue Number: 2115
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

9780309126298

Media Type:

Print

Features:

References (6) ; Tables (5)

Subject Areas:

Finance; Highways; I10: Economics and Administration

Files:

TRIS, TRB, ATRI

Created Date:

Jan 30 2009 4:31PM

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