Study of Shadow Toll Mechanism with the Experience of International Countries
Dr. Abdul Rashid Attar, Er.Vivek Sadashiv Jadhav, Department of Civil Engineering, Rajarambapu institute of technology, Rajaramnagar, Islampur
Introduction
The United Kingdom pioneered the concept and practice of shadow tolls mechanism in 1990s through its implementation of the Private Finance Initiative (PFI). It is a strategic economic policy that authorized financing of public infrastructure projects to the private sector. In Europe the conventional Design, Built, Finance and Operate (DBFO) model of Public private partnership has taken the form of Shadow toll mechanism where the Per Vehicle amount paid to a Private Party from a sponsoring governmental entity and not by facility users. Shadow toll amounts paid to a facility operator would be based upon the number of vehicles using the road. It is a payment structure where the road user does not pay any toll.This is a premium article available exclusively for our subscribers.
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NBM&CW September 2014
