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A Risk Analysis Framework For Toll Road Revenue Forecasts, Gabriel Alejandro Valdez Ceniceros

Open Access Theses & Dissertations

In the United States, the shortage for traditional public sector funding sources for a safer and more effective highway infrastructure has made it more increasingly difficult for transportation agencies to keep up with the increasing demand. As a consequence, transportation agencies are considering a number of alternatives to raise funds such as charging tolls or cooperating with the private sector. One of the most important steps when analyzing the feasibility of a toll road is the traffic forecast process. However, the uncertainty of the traffic forecast has become apparent across the U.S. as evident in the common overestimation of traffic …