Value Pricing Project Quarterly Report (April-June 2007)
The U.S. Federal Highway Administration’s Office of Operations has released its quarterly report on the Value Pricing Pilot Program, which was authorized by the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users. Value pricing encompasses a variety of strategies to manage congestion on highways, including tolling of highway facilities, as well as other strategies that do not involve tolls, such as mileage-based charges for insurance, taxes, leasing fees, and car sharing. The value pricing concept of assessing relatively higher prices for travel during peak periods is the same as that used in many other sectors of the economy to respond to peak-use demands. For example, airlines, hotels, and theaters often charge more for peak than non-peak times.
This Summary Last Modified On: 8/2/2012