Suggested Guidelines for Reviewing Private Toll Road Feasibility Studies in Texas

摘要

This is the fourth in a series of six research reports focusing on the process of preparing and evaluating feasibility studies for private toll road projects in Texas. State legislation requires that the sponsors of a proposed private toll road project submit a feasibility study to the Texas Department of Transportation (TxDOT). The financial viability of a proposed project, as documented in the feasibility study, must be considered by the Texas Transportation Commission as part of the approval process. The overall objective of this research project is to develop improved procedures for TxDOT's use in determining whether a proposed private toll road project will be financially viable. This report provides suggested guidelines for use by TxDOT in reviewing feasibility studies submitted on private toll roads in the state.