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

James Odeck

Transportation Research Part A: Policy and Practice, 2017, vol. 98, issue C, 97-107

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.

Date: 2017
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DOI: 10.1016/j.tra.2017.01.007

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