Economic Evaluation of ITS Strategies - The Case of the Oslo Toll Cordon

This paper demonstrates that economic evaluation of Intelligent Transportation System (ITS) projects in the road sector is possible. Thousands of ITS projects are implemented annually and these implementations require a significant amount of capital investment that requires a careful and objective analysis to make sure that the benefits obtained are much higher than the actual investments costs and in relation to competing projects. In the road sector, ITS projects compete for funds with other types of projects such as road building, maintenance, and traffic safety projects. In this paper, the authors present a benefit-cost analysis framework for evaluating ITS projects in the road sector, notably in the situation where fully ITS-based automatic toll collections replace manual or semi-manual toll collection. They then apply that approach to the case of the Oslo toll cordon where ITS based collection has replaced manual collection in 19 toll collection points. Their research shows that automatic electronic toll collection (ETC)-based toll stations are highly profitable as compared to manual collection. The authors discuss how economic assessment can be tailored for specific ITS projects. They urge ITS proponents to start using economic evaluation as one aspect of assessing the merits of their projects.

Language

  • English

Media Info

  • Media Type: CD-ROM
  • Features: References; Tables;
  • Pagination: 8p
  • Monograph Title: ITS Connections: Saving Time. Saving Lives

Subject/Index Terms

Filing Info

  • Accession Number: 01141993
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Oct 5 2009 7:06AM