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Please use this identifier to cite or link to this item: http://hdl.handle.net/10077/5885

Title: A cost-benefit analysis of tunnel investment and tolling alternatives in Antwerp
Authors: Proost, S.
Van der Loo, S.
de Palma, André
Lindsey, Robin
Keywords: Infrastructure investment
Route choice
Congestion
Tolls
Issue Date: 2005
Publisher: EUT Edizioni Università di Trieste
ISTIEE Istituto per lo studio dei trasporti nell’integrazione economica europea
Citation: S. Proost, S. Van der Loo, A. de Palma, and R. Lindsey, "A cost-benefit analysis of tunnel investment and tolling alternatives in Antwerp", in: European Transport / Trasporti Europei, XI (2005) 31, pp. 83-100.
Series/Report no.: European Transport / Trasporti Europei
XI (2005) 31
Abstract: A proposal has been made to build a new tunnel under the Scheldt river near the centre of Antwerp in order to relieve traffic congestion on the ring road and in an existing tunnel. The new tunnel is expected to cost more than €1 billion, and tolls have been suggested to help finance construction and to manage demand. This paper conducts a preliminary cost-benefit analysis of a new tunnel and three alternative tolling schemes, and compares them with a do-nothing scenario and an option to toll the existing tunnel without building a new one. The two tunnels are treated as imperfect substitutes, and a multi-year accounting framework is adopted that accounts for emissions, accidents and noise externalities, road damage, revenues accruing to the national and regional governments from existing transport user charges, and the salvage value of the new tunnel. With the base-case parameter values it is found that building the tunnel is worthwhile with all three tolling regimes and yields a higher benefit than not building the tunnel and tolling the old one. Nevertheless, the net benefit from building the tunnel differs appreciably between tolling regimes, and it is sensitive to the value assumed for the marginal cost of public funds.
URI: http://hdl.handle.net/10077/5885
ISSN: 1825-3997
Appears in Collections:European Transport / Trasporti Europei (2005) 31/XI

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