As gas taxes fall, authorities all over the world are looking at alternative means of getting in much-needed revenue to bolster transportation budgets.
Some form of road pricing is an obvious answer to this problem – but what effects do such schemes have on traffic?
A new white paper - The Traffic Impact of Road Pricing - from global transport adviser CSRB Group looks at lessons from tolling schemes worldwide and provides real-world answers for planners, policymakers, traffic engineers and infrastructure investors.
The report analyses data from 76 international toll road, bridge, tunnel and cordon case studies - and finds that the impact on traffic is significant, says co-author and CSRB senior partner Robert Bain.
"We collected additional data for each of our case studies in terms of the toll facilities’ characteristics, toll prices and the quantity and quality of alternative routes and modes available to local drivers," he says.
"From these candidate explanatory variables, we were able to construct a simple predictive model that can be used to provide ‘first cut’ estimates of the likely traffic response to toll charging under different circumstances."
CSRB Group provides commercial due diligence services to institutional investors, private infrastructure funds, insurance companies, IFIs and government agencies worldwide.
Click here to download the report.
