Economic Benefits of Toll Roads Operated by the Transportation Corridor Agencies: Executive Summary
Tapan Munroe, Ronald H. Schmidt, Mark Westwind
Abstract
Tapan Munroe, Ronald H. Schmidt, Mark Westwind
Abstract
This executive summary examines the extent and the nature of use of the Orange County Transportation Corridor Agencies' (TCA’s) toll roads as well as providing quantitative and qualitative estimates of their economic benefits. The report offers an historical background on toll roads. It presents an economic foundation for evaluating the benefits that are drawn from road pricing in general and toll roads in specific. It describes the TCA toll road system, including usage and toll revenue data. The report also includes estimates of the time savings, energy savings, and other benefits arising from implementing toll roads.
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This executive summary examines the extent and the nature of use of the Orange County Transportation Corridor Agencies' (TCA’s) toll roads as well as providing quantitative and qualitative estimates of their economic benefits. The report offers an historical background on toll roads. It presents an economic foundation for evaluating the benefits that are drawn from road pricing in general and toll roads in specific. It describes the TCA toll road system, including usage and toll revenue data. The report also includes estimates of the time savings, energy savings, and other benefits arising from implementing toll roads.
Key concepts: Toll, Toll road, Revenue, Executive summary, Transport engineering, Road pricing, Business, Finance