Title

EVALUATION OF TOLL OPTIONS WITH QUICK-RESPONSE ANALYSIS TOOLS: CASE STUDY OF THE CAPITAL BELTWAY

Document Type

Journal Article

Publication Date

2003

Subject Area

land use - impacts, economics - revenue, economics - pricing, economics - appraisal/evaluation

Keywords

Value pricing (Road pricing), Trade off analysis, Toll options, Toll facilities, Road pricing, Revenues, Impacts, Comparison studies, Case studies, Capital Beltway, Bonds, Analysis, Alternatives analysis

Abstract

Analysis tools in current use in transportation decision-making processes are not well suited for evaluating toll highway alternatives against more traditional free highway alternatives. How existing analysis tools might be used in evaluating toll options was examined. A case study demonstrates that relatively simple analytical procedures may be used to estimate the impact of pricing alternatives and to generate information for use by local decision makers. The case study also demonstrates that pricing alternatives often can accomplish the purpose of a major highway project more efficiently and more effectively than conventional alternatives that exclude pricing, while generating revenue to support bonds for project construction or to fund improved transit and paratransit services. With toll revenue to back bonds, project delays due to constrained funding can be avoided, and the public can be provided with superior mobility earlier and at lower public cost.