Analysis of Sydney Public-Private Partnership Road Tunnels
نویسنده
چکیده
The Sydney Cross City Tunnel and the Lane Cove Tunnel have generated controversy both before and since their completion. Despite the amount of public discussion, there has been very little in the way of objective analysis of the costs and benefits of these projects. This paper investigates the relationship between the toll price level, usage level and public benefit. Because of experiments with toll-free periods and various toll levels, there is information about price elasticity of demand, which can be used to make predictions about the financial viability of these tunnels and about the costs and benefits to the public of the tunnel projects. Parliamentary inquiries into the two tunnel projects provide historical and financial information in a usable form to assist the analysis.
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