French multi-modal transport funds: issues of cross-financing and pricing

Charles Raux (), Aurelie Mercier () and Stéphanie Souche-Le Corvec
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Charles Raux: LET - Laboratoire d'économie des transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper assesses the efficiency of cross-financing new motorway or rail projects from established toll motorways as an alternative to direct public subsidies. For new motorway projects a combination of short-run marginal social cost pricing and cross-financing is the best of the alternative schemes tested for increasing overall welfare. Regarding the Lyon-Turin rail project, an alpine fund supplied by toll mark-ups on the Alpine motorways in combination with the same national transport funds as in the road case study, would eliminate the need for public subsidies and simultaneously improve the financial balances of the rail operator and manager.

Keywords: Transport infrastructure; cross-financing; investment (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (2)

Published in Andre de Palma ; Robin Lindsey ; Stef Proost. Investment and the Use of Tax and Toll Revenues in the Transport Sector, Elsevier, pp. 243-268, 2007, coll. Research in transportation economics, vol. 19, ⟨10.1016/S0739-8859(07)19011-9⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00178530

DOI: 10.1016/S0739-8859(07)19011-9

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