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Viability of new road infrastructure with heterogeneous users

Author

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  • CNATOS-SANCHEZ, Pedro
  • MONER-COLONQUES, Rafael
  • SEMPERE-MONERRIS, José J.
  • ALVAREZ-SANJAIME, Oscar

Abstract

This paper explores the importance of heterogeneity in value of time and route choice when assessing the viability of new road infrastructure to alleviate congestion problems. The model incorporates strategic interaction between road operators in a cost-benefit framework and several competitive regimes are considered. It is then employed to establish the financial and socio-economic viability of a congestion pricing demonstration entering Madrid city centre, where road users have to choose between a free but highly congested road and a priced free-flowing road (semi-private regime). A logit estimation is undertaken with information from a questionnaire among road users in the Eastern Madrid area to obtain users' value of time and of congestion. The tolls obtained generate a traffic reallocation towards the new roadway such that revenues suffice to render the infrastructure socio-economically viable. The private and the low toll regimes generate similar welfare gains that are close to the first best. Yet the former supposes large losses to users. The low toll and the semi-private regimes do not raise such distributional concerns. However, the low toll regime requires a sufficiently high traffic growth rate to make it financially viable; this does not happen for the other competitive regimes.
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Suggested Citation

  • CNATOS-SANCHEZ, Pedro & MONER-COLONQUES, Rafael & SEMPERE-MONERRIS, José J. & ALVAREZ-SANJAIME, Oscar, 2011. "Viability of new road infrastructure with heterogeneous users," LIDAM Reprints CORE 2429, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:2429
    DOI: 10.1016/j.tra.2011.02.003
    Note: In : Transportation Research Part A, 45(5), 435)450, 2011
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    Cited by:

    1. Ada Wolny & Marek Ogryzek & Ryszard Źróbek, 2019. "Towards Sustainable Development and Preventing Exclusions—Determining Road Accessibility at the Sub-Regional and Local Level in Rural Areas of Poland," Sustainability, MDPI, vol. 11(18), pages 1-21, September.
    2. Fu, Xinying & van den Berg, Vincent A.C. & Verhoef, Erik T., 2018. "Private road supply in networks with heterogeneous users," Transportation Research Part A: Policy and Practice, Elsevier, vol. 118(C), pages 430-443.
    3. Cassiano A. Isler & Yesid Asaff & Marin Marinov, 2020. "Designing a Geo-Strategic Railway Freight Network in Brazil Using GIS," Sustainability, MDPI, vol. 13(1), pages 1-21, December.
    4. Fernando Romero & Juan Gomez & Thais Rangel & Rafael Jurado-Piña & José Manuel Vassallo, 2020. "The influence of variable message signs on en-route diversion between a toll highway and a free competing alternative," Transportation, Springer, vol. 47(4), pages 1665-1687, August.
    5. Meng, Qiang & Lu, Zhaoyang, 2017. "Quantitative analyses of highway franchising under build-operate-transfer scheme: Critical review and future research directions," Transportation Research Part B: Methodological, Elsevier, vol. 102(C), pages 105-123.

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