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"TRB's National Cooperative Highway Research Program (NCHRP) Report 722: Assessing Highway Tolling and Pricing Options and Impacts provides state departments of transportation (DOTs) and other transportation agencies with a decision-making framework and analytical tools that describe likely impacts on revenue generation and system performance resulting from instituting or modifying user-based fees or tolling on segments of their highway system. Volume 2: Travel Demand Forecasting Tools provides an in-depth examination of the various analytical tools for direct or adapted use that are available to help develop the forecasts of potential revenue, transportation demand, and congestion and system performance based on tolling or pricing changes. Volume 1: Decision-Making Framework includes information on a decision-making framework that may be applied to a variety of scenarios in order to understand the potential impacts of tolling and pricing on the performance of the transportation system, and on the potential to generate revenue to pay for system improvements"--Publication information.
This is the final summary report from a research study focusing on the process of preparing and evaluating feasibility studies for private toll road projects in Texas. State legislation requires that the sponsors of a proposed toll road project submit a feasibility study to the Texas Department of Transportation (TxDOT). The financial viability of a proposed project, as documented in the feasibility study, must be considered by the Texas Transportation Commission as part of the approval process. This study was undertaken to examine the issues associated with toll road feasibility studies, the approaches being used in other states, and possible procedures TxDOT can use in determining whether a proposed private toll road project will be financially viable. This report describes the toll road project proposal process in other states, as well as information required from investment banks and rating agencies. The report presents suggested guidelines for preparing toll road feasibility studies, reviewing submitted feasibility studies, and examining the financial viability of private toll roads in Texas.

Reauthorization of TEA-21

United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Transportation, Infrastructure, and Nuclear Safety

Published: 2003

Total Pages: 1408


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This book examines some of the key policy, financial and managerialaspects of public-private partnerships within the context of theglobal spread of this form of procurement. The chapters investigate political and institutional issuessurrounding PPPs, together with the financial and managerialstrategies employed by the private sector. Adopting across-disciplinary perspective, the book highlights the oftenpolitically sensitive nature of these projects and identifies aneed for the private sector to investigate a broad set ofparameters which relate to the particular political economy ofindividual partnerships. Policy, Finance & Management for Public-Private Partnershipscovers a range of specific issues, including: partnerships indeveloping countries; innovation in partnership-based procurement;government and business interaction; institutional andorganisational approaches to facilitating partnership; project andcorporate financing; risk and value management; market analysis,modelling and forecasting; capital structure decisions andmanagement; investment theory and practice; pricing and costevaluation; statutory regulations and their financial implications;option pricing; financial monitoring; syndicate funding; new rolesfor the financial and insurance sectors; institutional andmultilateral funding; payment mechanisms; concession perioddetermination; risk analysis and management; whole life valuemethodology; cost comparators and best value; team building, teamwork and skill development. Contributions from Australia, Europe, the Far East, South Africaand the United States together present the current thinking andstate-of-the-art approaches to public-private partnerships.
"TRB's National Cooperative Highway Research Program (NCHRP) Synthesis 391: Public Sector Decision Making for Public-Private Partnerships examines information designed to evaluate the benefits and risks associated with allowing the private sector to have a greater role in financing and developing highway infrastructure"--Publisher's description.
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.