Towards better transport - funding new infrastructure with future road pricing revenue

This paper looks at how transport has become one of the main restraints on Britain's economic growth and quality of life. Given the need to keep upwith an increasingly mobile and dynamic economy, a change for the better would improve global competitiveness and the day to day lives of the travelling public. The paper looks at the apparent misallocation of resources from tax revenues from transport income then goes on to suggest road pricing as a solution. Because the public cannot appreciate the need nor trust governments to introduce pricing from which they will benefit, the report suggests a solution whereby the transport infrastructure is up-graded now,then once users have experienced substantial benefits, charges can be introduced to cover the costs. The gap between the start of the construction and the collection of revenue can be covered by private finance which has proved successful in the past. A more devolved and less layered approach is suggested, in order to simplify the whole process and increase the appeal to private financiers. The paper looks at the fiscal framework around transport including fuel taxes and at the political implications of introducing road pricing.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/1906097127
• Authors:
  • WELLINGS, R
  • LIPSON, B
  • HARTWICH, O M
• Publication Date: 2008

Language

• English

Media Info

• Pagination: 68p

Subject/Index Terms

• TRT Terms: Drivers; Federal government; Financing; Networks; Public private partnerships; Road pricing; Roads; Taxes; Travelers
• Uncontrolled Terms: Road networks
• ITRD Terms: 244: Financing; 183: Government (national); 1053: Road network; 240: Road pricing; 1755: Road user; 268: Tax
• Subject Areas: Finance; Highways; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 01100130
• Record Type: Publication
• Source Agency: TRL
• ISBN: 1906097127
• Files: ITRD, ATRI
• Created Date: May 27 2008 9:45AM