Quantifying the Effects of Network Improvement Actions on the Value of New and Existing Toll Road Projects (0-5881-1)

Development, delivery, and operation of public infrastructure are becoming increasingly dependent on participation of the private sector. While revenue generating projects, such as toll roads, were traditionally developed and funded from the public sources, in recent years, as the public demand for new projects have exceeded the ability of the public sector to deliver them, the private investors have started to fulfill the gap between the needed and the available infrastructure. The objective of this research was to develop a network-based method that allows an assessment of the effect of the public sector's decisions regarding network improvements on the financial value of toll road projects.