A review of project evaluation methodologies to address net impacts and risks of toll road projects to the community

Chi, Sae, Bunker, Jonathan M., & Kajewski, Stephen L. (2016) A review of project evaluation methodologies to address net impacts and risks of toll road projects to the community. In Conference of Australian Institutes of Transport Research 2016, 11-12 February 2016, Brisbane, Qld. (Unpublished)

Abstract

Project evaluation is a process of measuring costs, benefits, risks and uncertainties for the purpose of decision-making by estimating and assessing impacts of the project to the community. The effects of impacts of toll roads are similar but different from the general non-tolled roads. Project evaluation methodologies are extensively studied and applied to various transport infrastructure projects. However, there is no definitive methodology to evaluate toll roads. This review discusses the impacts of toll roads then reviews the limitations of existing project evaluation methodologies when evaluating toll road impacts. The review identified gaps of knowledge of toll evaluations. First, the treatment of toll in project evaluation, particularly in Cost-Benefit Analysis requires further study to explore the appropriate methodology. Secondly, the project evaluation methodology needs to place strong emphasis on empirically based risk and uncertainty assessment. Addressing the limitations of the existing project evaluation methodologies leads to improvements of the methodology in practical level as well as fills the gap of knowledge of project evaluation for toll roads with respect to net impacts to the community.

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ID Code: 92990
Item Type: Conference Paper
Refereed: Yes
Keywords: toll roads, project evaluation, cost benefit analysis, project impact, project decision-making
Subjects: Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CIVIL ENGINEERING (090500) > Transport Engineering (090507)
Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000) > URBAN AND REGIONAL PLANNING (120500) > Transport Planning (120506)
Divisions: Current > Schools > School of Civil Engineering & Built Environment
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2016 The Author(s)
Deposited On: 17 Feb 2016 06:09
Last Modified: 17 Feb 2016 23:07

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