Paying for Private Roads

Paying for Private Roads


Charles Yates, Grant Thornton, UK


The cost of maintaining and enhancing roads coupled with advances in tolling technology and changes in government policy have created an environment in which private finance, construction and operation of roads is significant and increasing.


This paper examines the recent growth in the private provision of roads and how they are funded in the private sector. The paper is organised in the following sections:
1. value and location of privately financed roads world?wide;
2. the trend for Governments to sell existing toll roads to pay for new roads;
3. the strengths and weaknesses of alternative mechanisms for rewarding and incentivising private investment in roads;
4. who is investing in privately financed roads; and
5. conclusions.


Association for European Transport