Abstract: This study looks at the issues and challenges related to private toll road development by considering the experience of eight privately financed toll road projects. After reviewing the history of toll roads, the study examines the public policy and financing approaches used to develop private toll road concessions and to mobilize capital for their construction and operation. It analyzed key aspects of private toll road development for each project, including project economics, country and concession environment, risk sharing between the public and private sectors, and financing structures and sources. The study also discussed the main public policy issues in toll road development and briefly assesses the future outlook for the private toll road industry. The study concludes that while private toll road development is likely to experience modest growth in the near future, public resistance to tolling, the time and cost of implementing concessions, and other factors will probably limit industry activity.
Publication Year: 1996
Publication Date: 1996-12-31
Language: en
Type: article
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Cited By Count: 112
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