The managed lane concept is currently being considered on major freeway projects in Texas cities. The term 'managed lanes' encompasses a variety of facility types, including HOV lanes, high-occupancy toll (HOT) lanes, single-occupancy vehicle (SOV) express lanes, special use lanes, and truck lanes. The premise of the managed lanes concept is to increase freeway efficiency and provide free flow operations for certain freeway users by packaging various operational and design strategies. The strategies deployed offer the flexibility to be adjusted to match changing corridor and regional goals. This report documents research on the funding and financing of managed lanes projects. This report highlights the financial aspects of operating managed lanes project. Additionally, it discusses innovative financing techniques and their applicability to various types of projects. The report describes various financing and funding strategies for given managed lane project scenarios.


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    Title :

    Funding and Financing of Managed Lanes Projects


    Contributors:

    Publication date :

    2002


    Size :

    54 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English




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