In recent years, private industry has been more involved in highway financing and operation. Many countries have started to apply new or improved strategies to promote the development of highway projects using sources other than the State. The most widely used concept is the scheme known as Build-Operate-Transfer (B-O-T). The major problem related to private highway participation is the high fi...

For a tolled highway where consecutive sections allow vehicles enter and exit unrestrictedly, we propose a simple toll pricing method. We show that the method is the unique method that satisfies the classical axioms of Additivity and Dummy in the cost sharing literature, and the axioms of Toll Upper Bound for Local Traffic and Routingproofness. We also show that the toll pricing method is the o...

In recent years in Japan, there have been many debates of setting highway toll charges as a part of policy discussions. However, although these debates should be analyzed objectively based on quantitative analysis, it cannot be denied that the psychological impact of the proposals is being given more priority. Considering that highways are a type of public infrastructure, it is appropriate that...

The goal of this paper is to evaluate whether the incentives incorporated in toll highway concession contracts in order to encourage private operators to adopt measures to reduce accidents are actually effective at improving safety. To this end, we implemented negative binomial regression models using information about highway characteristics and accident data from toll highway concessions in S...

In order to build a combined model which can meet the variation rule of death toll data for road traffic accidents and can reflect the influence of multiple factors on traffic accidents and improve prediction accuracy for accidents, the Verhulst model was built based on the number of death tolls for road traffic accidents in China from 2002 to 2011; and car ownership, population, GDP, highway f...

It has become increasingly common to allocate highway franchises to the bidder that offers to charge the lowest toll. Often, building a highway increases the value of land held by a small group of developers, an effect that is more pronounced with lower tolls. We study the welfare implications of highway franchises that benefit large developers, focusing on the incentives developers have to int...

This paper considers the welfare impacts of a range of franchising regimes for congestible highways. For a single road in isolation, it is shown that a competitive auction with the level of road use as the decision criterion produces the socially optimal road (in terms of capacity and toll level) as the equilibrium outcome, provided constant returns to scale characterize highway operations. The...

This paper demonstrates the requirement of smart tolling systems for smart highway. In smart highway operators and drivers would be able to see in real time the information of traffic. The smart highway is next generation road aimed at Congestion Free, Stop Free and Accident Free through traffic information services. This study defines requirements and functions for development of smart tolling...

The study that was conducted indicated that Indiana’s highway system, which has provided Hoosiers a large degree of mobility and has supported the movement of goods and services in and through Indiana, is in trouble. Rapidly rising traffic and heavier trucks have taken their toll on the system. Decreasing revenues and increases in the cost of construction and maintenance have reduced the effect...