WHY TOLL ROADS
Wilfred Owen, Conner Dearing
Abstract
Wilfred Owen, Conner Dearing
Abstract
This article discusses the reasons that toll roads have come back into vogue, the size of the toll road movement, and the differing and conflicting views on using tolls to finance roads. He describes the financing of highways as a definite problem, and relates how the toll road gives highway administrators a way to end road financing problems. In addition, the article presents two case studies of highway financing, occurring in Maine and New Jersey. Some attention is devoted to the topic of how to raise the necessary funds to finance highway modernization and to the advantages and disadvantages of toll roads.
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This article discusses the reasons that toll roads have come back into vogue, the size of the toll road movement, and the differing and conflicting views on using tolls to finance roads. He describes the financing of highways as a definite problem, and relates how the toll road gives highway administrators a way to end road financing problems. In addition, the article presents two case studies of highway financing, occurring in Maine and New Jersey. Some attention is devoted to the topic of how to raise the necessary funds to finance highway modernization and to the advantages and disadvantages of toll roads.
Key concepts: Toll, Toll road, Modernization theory, Finance, Transport engineering, Business, Engineering, Economics