Toll roads – a view after 25 years¹

1 I thank Rob Bain for his many comments on this think piece.

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Notes

1 I thank Rob Bain for his many comments on this think piece.

2 Bain, R. (2012) Twenty-One Limitations & Shortcomings with Traditional 4-Step Models, www.robbain.com. “In Australia, a number of the toll road concessions were awarded to the bidder offering the largest upfront payment to the state. That's a recipe for disaster. Without checks and balances in place the bidding process simply turns into a competition on traffic numbers. Toll road traffic generates revenue, and the largest upfront payments can be justified by those with the highest traffic forecasts. The whole process becomes skewed and the numbers get bent out of shape in response. Considerable pressure is placed on traffic consultants to come up with the ‘right’ numbers; numbers that meet the requirements of the financial model.”