Policy lessons for regulating public–private partnership tolling schemes in urban environments

Rouhani, Omid M.; Gao, H. Oliver; Geddes, R. Richard

doi:10.1016/j.tranpol.2015.03.006

Cited by 25 publications

(9 citation statements)

References 20 publications

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“…Rouhani et al [10] claim that balance between profit maximizing and the transportation system optimizing in urban context should be taken into account when formulating the toll rate. Rouhani et al [11] develop a social welfare analysis framework which analyze cost and benefit for transportation projects pricing.…”

Section: Literature Reviewmentioning

confidence: 99%

Critical Factors of Concession Pricing for Public-Private-Partnership Infrastructures: An Empirical Study Based on Chinese Urbanization

Wang¹

2017

dtem

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Abstract. Public-Private-Partnership (PPP) approach is a useful tool to ease government's financial deficit in infrastructure and provide chances for private investors to enter into public sector of construction industry. However, many PPP projects claim failures because of loss of revenues attributable to unrealistic concession price. In this research, variables impacting concession price are outlined based on empirical data and literature review. These variables are categorized into four factors using exploratory factor analysis, i.e., institutional supports, corporate strategies, market dynamics, and external impacts. This finding is expected to serve as a common factor checklist for PPP participants when formulating a reasonable concession price for all kinds of PPP transportation infrastructure projects to facilitate a win-win situation for all stakeholders.

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Section: Literature Reviewmentioning

confidence: 99%

Critical Factors of Concession Pricing for Public-Private-Partnership Infrastructures: An Empirical Study Based on Chinese Urbanization

Wang¹

2017

dtem

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“…Even analyzing a toll road and its major competing roads is insufficient. The system-wide performance should be the goal of the analysis, especially for a large metropolitan area, where only the total environmental and fuel costs of congestion could easily reach over $400 million [65], and traffic spillovers to un-tolled alternative routes could increase system-wide travel time by millions of dollars [18,66]. Network analysis is also required to examine the micro impact of pricing on several links, zones, or travel modes of a transportation system.…”

Section: System-wide Analysismentioning

confidence: 99%

“…Tolls on few roads, especially with unlimited (high) profit-maximizing rates, could increase total travel costs for a transportation system as a whole because of spillover effects to un-tolled sections [51,66]. This is the major reason why Vickrey [24] suggests creating and applying congestion pricing on existing roads, not only on (limited) new facilities.…”

Section: Toll Ceilingsmentioning

confidence: 99%

“…For cases in which the private sector is operating the toll collection system and receives the revenue, as with concession privateroads, public officials should implement a lower limit(s) along with an upper limit(s) on toll rates to ensure system-optimal or any system-improving rates by a private operator [66]. The lower limit prevents the private sector from undercutting the applied upper toll limit(s) at social-optimal rate(s).…”

Section: Toll Ceilingsmentioning

confidence: 99%

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Next Generations of Road Pricing: Social Welfare Enhancing

Rouhani

2016

Sustainability

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This paper offers a broad overview of road pricing from a social welfare perspective. I first examine two common objectives of road pricing: congestion management and profit making. My goal is to provide a guideline explaining how to promote a social-welfare-enhancing road pricing scheme.To this end, we should: (i) consider and improve public transportation systems by providing more environment-friendly transport options; (ii) include tolling profits in our welfare analysis (as opposed to what economists suggest) since residents are the real owners of roads not users, and since some users are from outside the region and so might not be excluded from analysis; and (iii) search for a holistic approach that takes into account system-wide impacts, disutility to users who change their travel behavior (i.e., switch to public transportation, shift their travel, or do not travel at all), and the impacts on land use, employment, and residents.

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“…Rate levels were based on the external costs of car use (i.e., cost of congestion and environmental pollution), resulting in a difference based on the time of the day and the location of the roads. Charges are consequently not based on maximising profit, which might be the case in some publicprivate partnership tolling schemes (Rouhani et al, 2015). In order to maximise comprehensibility for car users, a limited amount of rates were used (in contrast to 'dynamic pricing' where charges vary in real time according to existing congestion levels) and off-peak charges were cut in half.…”

Section: Figure 2 Commuting Area Around Brusselsmentioning

confidence: 99%

Road pricing in a polycentric urban region: Analysing a pilot project in Belgium

Vos

2016

Transport Policy

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In order to cope with growing car use and congestion, academics often suggest road pricing as a way to reduce car use and internalise external costs (such as congestion and air pollution). However, implementations of road pricing schemes are rather limited and mainly focus on large cities (i.e., cordon charges). Recently, the three regional governments of Belgium − a highly urbanised and polycentric country -have commissioned a pilot project of an area-wide, time-and locationdifferentiated road pricing scheme, hence differentiating charges according to the time of the day and the type of road used. Results of this project indicate that kilometres travelled by car mainly reduce in urban areas, while car use on motorways only reduces to a limited degree. Furthermore, results indicate that urban residents adapt their travel behaviour more than suburban and rural residents, probably because urban dwellers have more alternatives to travel than driving personal cars only, especially on the short run. In this paper, we will analyse the preliminary outcomes of the conducted pilot project, look into the limitations of this project and suggest an alternative road pricing scheme.

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Policy lessons for regulating public–private partnership tolling schemes in urban environments

Cited by 25 publications

References 20 publications

Critical Factors of Concession Pricing for Public-Private-Partnership Infrastructures: An Empirical Study Based on Chinese Urbanization

Critical Factors of Concession Pricing for Public-Private-Partnership Infrastructures: An Empirical Study Based on Chinese Urbanization

Next Generations of Road Pricing: Social Welfare Enhancing

Road pricing in a polycentric urban region: Analysing a pilot project in Belgium

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