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Evaluation and Performance Measurement of Congestion Pricing Projects (2011) / Chapter Skim
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Pages 81-84

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From page 81...
... Rather, project sponsors should tailor performance programs to align with project goals, community concerns, agency needs, project configuration and operational policies, and the resources available for monitoring purposes. To facilitate the identification of trends and best practices, the guidelines have grouped existing congestion pricing applications into three forms: • Variably priced managed lanes involve charging variably priced tolls along designated highway lanes, such as HOT lanes or express toll lanes, in order to provide improved travel conditions to eligible users.
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From page 82...
... Given that most toll facilities are financed with bonds leveraging toll revenue and involve conservative reserve and coverage ratio policies, it is essential that the introduction of variably priced tolls does not reduce revenue generated. However, the rationale for using variably priced tolls is to manage congestion during peak periods, so performance monitoring programs for priced toll facilities must document traffic performance in the corridor as well as revenue generation.
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From page 83...
... Even the results of the most thoughtful performance monitoring programs may be influenced by externalities ranging from ongoing construction activities to fluctuations in the price of fuel to regional or national economic trends. 5.2 Outreach and Communication -- Day-of-Opening and Beyond These guidelines have emphasized how effective outreach and communication relate to the ultimate success of congestion pricing projects.
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From page 84...
... 84 Evaluation and Performance Measurement of Congestion Pricing Projects
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Key Terms

  • traffic performance
  • congestion pricing
  • variably priced
  • pricing programs
  • priced managed

  • priced toll
  • managed lane
  • monitoring programs
  • express lanes
  • toll facilities

  • variable pricing
  • pricing projects
  • performance monitoring
  • managed lanes
  • hot lanes

  • toll rate
  • priced tolls
  • toll rates
  • urban environment
  • aged lane

  • financial performance
  • priced lanes
  • time savings
  • operating costs
  • toll revenue

  • research indicates
  • revenue generation
  • project sponsors
  • ongoing construction
  • pricing program


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