6533b859fe1ef96bd12b805c
RESEARCH PRODUCT
The value of time and transport policies in a parallel road network
Leandro GarcíaÓScar ÁLvarezPedro Cantossubject
Transport engineeringInvestment decisionsCarriagewayTrunk roadGeography Planning and DevelopmentEconomicsTransportationRoad pricingValue of timeTransport economicsDual carriagewayValuation (finance)description
Abstract One of the key questions in the evaluation of transport policies and investment decisions is the valuation of the time savings or losses arising from such decisions. This paper uses the stated preference method to determine the value of time in a given traffic context characterised by a road parallel network. The values obtained are higher than usual in Spanish project evaluation which, among other things, points out the need for specific studies of all transport projects whenever possible. Finally, two cases are described which illustrate the relevance of the value of time. The first evaluates time savings related to the pricing policies of a motorway competing with a trunk road. The second establishes the minimum amount of traffic that justifies the replacement of a single carriageway by a dual carriageway.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2007-09-01 | Transport Policy |