ON ECONOMIC EVALUATION OF PRIVATE PUBLIC SECTOR TRANSPORT PROJECTS. 13TH AUSTRALASIAN TRANSPORT RESEARCH FORUM, CHRISTCHURCH, NEW ZEALAND, 18-21 JULY 1988; FORUM PAPERS. VOLUME 1 AND 2
Although private and public involvement in transport projects has a long history, the economic and political climate has placed new emphasis on private public sector partnerships as public funding diminishes. After reviewing briefly the history of private sector involvement in roads in New South Wales and the system of highway financing through tolls, two major private sector initiatives are described. They are the Sydney Newcastle toll road proposal of the early 1960s and the Sydney harbour tunnel (1986 onwards). Both projects are discussed not only in terms of their economic evaluation but in their conceptual validity and functional utility. The paper concludes by making several points on the economic evaluation of private public sector transport projects. (Author/TRRL)