Toll Feasibility

 

 

 

 

Alliance has a long history of providing reliable traffic forecasts for toll facilities and toll systems.  A toll feasibility analysis compares a project’s total cost estimate to its potential economic value and is modeled after the three-level industry standard for traffic and revenue studies.  Alliance has the ability to independently evaluate the effects of tolls on the projects identified by Texas Turnpike Authority (TTA) or review the toll analysis developed by others. 

Projects may include the use of:

  1. Toll Equity
  2. Revenue Bonds
  3. Texas Mobility Funds (Pass-through tolling w/ Ogden Bonds)
  4. Exclusive Development Agreements

These projects may involve: Level One – Sketch Level Traffic & Revenue (T&R) analysis; or Level Two – Intermediate T&R analysis.  As the level of analysis increases so does the amount of project screening.  Project screening ranges from conceptual level to project specific level, to detailed analysis level and finally to investment grade T&R analysis level.

To evaluate each of the projects, we use the following factors:

  1. Traffic Analysis
  2. Revenue Analysis
  3. Total Project Cost Estimates
  4. Roadway Design
  5. Toll Collection Systems
  6. Impacts on Mobility (Local, Regional, and State)

Alliance evaluates each of these components to determine expected net revenue from the project and the estimated bonding capacity.  We develop and apply data and analytical components necessary for carrying out an accurate and comprehensive T&R study.  Components include the development of generalized cost equations for calculating volume delay curves for toll diversion models, toll elasticity analysis and curve development, toll revenue optimization analysis, development and application of inflation factors and discount rates, and data collection through stated preference surveys to determine value of time (VOT) and other toll diversion coefficients for both freight and passenger modes and work and non-work trip purposes.