IDEAS home Printed from https://ideas.repec.org/a/ucp/munifj/doi10.1086-mfj27030045.html
   My bibliography  Save this article

Toll Financing Practices in the United States

Author

Listed:
  • Jianling Li

Abstract

In response to the increase in travel demand and the shortfall in financial resources, many state and local governments are exploring toll financing as an option to finance transportation infrastructure. To facilitate such a venture, this paper examines current practices in toll financing through extensive literature search and surveys of state departments of transportation (DOTs) and toll operators in the United States. Many financial methods have been used in financing and advancing toll projects. While debt financing is a commonly used instrument for financing toll road development, other mechanisms also play significant roles. Public opinion and financial constraints are main factors to be considered in project selection and prioritization decisions, although DOTs and toll operators may weigh each of these factors differently. The paper identifies additional strategies for project management and marketing and discusses the implications of the findings.

Suggested Citation

  • Jianling Li, 2006. "Toll Financing Practices in the United States," Municipal Finance Journal, University of Chicago Press, vol. 27(3), pages 45-68.
    • Handle: RePEc:ucp:munifj:doi:10.1086/mfj27030045
    DOI: 10.1086/MFJ27030045
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/MFJ27030045
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: http://dx.doi.org/10.1086/MFJ27030045
    Download Restriction: Access to the online full text or PDF requires a subscription.
    File URL: https://libkey.io/10.1086/MFJ27030045?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:munifj:doi:10.1086/mfj27030045. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/MFJ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.