French Multi-Modal Transport Funds: Issues of Cross-Financing and Pricing

This chapter assesses the efficiency of cross-financing new motorway or rail projects from established motorways as an alternative to direct public subsidies. For new motorway projects a combination of short-run marginal social cost pricing and cross-financing is the best of the alternative schemes tests for increasing overall welfare. Regarding the Lyon-Turin rail project, an alpine fund supplied by toll mark-ups on the Alpine motorways in combination with the same national transport fund as in the road case study, would eliminate the need for public subsidies and simultaneously improve the financial balances of the rail operator and manager.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780762312467
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier.
• Corporate Authors:

  Elsevier

  Linacre House, Jordan Hill
  Oxford,   United Kingdom  OX2 8DP
• Authors:
  • Raux, Charles
  • Mercier, Aurelie
  • Souche, Stephanie
• Publication Date: 2007

Language

• English

Media Info

• Media Type: Print
• Edition: First
• Features: Appendices; References; Tables;
• Pagination: pp 243-268
• Monograph Title: Investment and the Use of Tax and Toll Revenues in the Transport Sector. Research in Transportation Economics, Volume 19

Subject/Index Terms

• TRT Terms: Finance; Financial analysis; Financial responsibility; Financing; Freeways; Marginal costs; Pricing; Subsidies
• Geographic Terms: France
• Subject Areas: Finance; Highways; Law; I10: Economics and Administration;

Filing Info

• Accession Number: 01079459
• Record Type: Publication
• ISBN: 9780762312467
• Files: TRIS
• Created Date: Oct 22 2007 10:14AM