About this Book

The author starts from the proposition that roads, being part of the 'command economy', exhibit the typical command economy characteristics of congestion, chronic shortage of funds, and insensitivity to consumer needs. As an alternative, the book presents a market economy framework, employing the tried and tested concepts of ownership, market pricing, and profitability, for the commercial provision of roads on the model of telecommunications. After setting the scene, the book looks in detail at commercial management and pricing: ways of charging for road use; road investment and provision on a commercial basis: private provision: and immediate steps that can be taken to advance commercialization.