Feasibility Evaluation Model for Toll Highways
Rafael M. Aldrete Sanchez, Richard L. Tucker, B. Frank McCullough, University of Texas at Austin, January 2005, 302 pp. (467502-2)
This report describes the development of a Feasibility Evaluation Model for Toll Highways (FEMTH). FEMTH is a financial feasibility and risk analysis computer model developed to assess the degree of financial risk associated with a toll highway project in the pre-project planning stage. The model incorporates the use of simulation through a spreadsheet add-in that enables probabilistic risk analyses of the most important variables that affect the financial outcome of a toll highway project. The major contributions of this study are: (1) the development of a toll highway pre-project planning tool that integrates probabilistic risk analysis and simulation concepts that were not of practical use before into an affordable and easy to use computer model, and (2) a conceptual and mathematical representation of the major variables that affect the financial outcome of a toll highway project and their interaction.
Keywords: Feasibility Evaluation Model for Toll Highways, FEMTH, Toll Roads, BOT, Toll Traffic Demand Model, Toll Road Financial Analysis
ENTIRE REPORT (Adobe Acrobat File – 3.5 MB)