SHADOW TOLLS ARE COMING

Shadow tolls--typically government payments to a private road operator based on vehicle volume--are becoming a feasible method for garnering private funds for infrastructure development. When properly structured under a public/private venture, a shadow toll arrangement can result in a stable cash flow over time and provide a second avenue of drawing capital into infrastructure development. This article describes the rationale for shadow tolls in the United States, explains the role of shadow tolls in relation to current toll operations, discloses the financial benefit of equitable distribution of costs associated with shadow tolls, and highlights the legal hurdles to be cleared for the institution of shadow-tolled facilities. Shadow toll facilities currently operate in the United Kingdom.

  • Availability:
  • Corporate Authors:

    Public Works Financing

    147 Elmer Street
    Westfield, NJ  United States  07090-2433
  • Authors:
    • Tillman, R
    • FELDMAN, R
  • Publication Date: 1995-12

Language

  • English

Media Info

  • Pagination: p. 25-27
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00719340
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Mar 25 2000 12:00AM