See: Robert H. Muller, "Tollroad Feasibility Studies; An Historical
Perspective," Transportation Research Board Annual Meeting (Washington DC;
www.trb.org), January 2001. He found that of 16 recent U.S. toll road
projects, demand and revenues on new toll road was significantly lower than
expected, with actual revenues averaging only 50-60% of what was
forecasted. Muller is an analyist at J.P. Morgan Securities, an investment
firm. Unfortuantely, he didn't publish a paper.
At 08:37 PM 4/4/02 +0100, you wrote:
>Has anybody come across published material that compares toll road traffic
>forecasts with outturn figures?
>
>Thanks in advance.
>
>Robert Bain
Sincerely,
Todd Litman, Director
Victoria Transport Policy Institute
"Efficiency - Equity - Clarity"
1250 Rudlin Street
Victoria, BC, V8V 3R7, Canada
Phone & Fax: 250-360-1560
E-mail: [log in to unmask]
Website: http://www.vtpi.org
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