An economic appraisal of the impact of traffic diversion : the N1 toll road and its alternative

dc.contributor.authorMeyer, G.N.
dc.contributor.authorBreitenbach, Marthinus Christoffel
dc.contributor.authorKekana, Robert Dipitseng
dc.date.accessioned2009-04-02T10:01:29Z
dc.date.available2009-04-02T10:01:29Z
dc.date.issued2008-12
dc.description.abstractThis paper investigates two alternative roads running parallel to one another; one being a double-carriageway national road that was tolled 4 years ago and the other being an inter-city single-carriageway road. The purpose of the paper is to test the application of the World Bank-developed Road Economic Decision (RED) model for assessing the economic impact of traffic diversion between two existing alternative roads. In order to do so, the RED model is first used to conduct a cost–benefit analysis of each road in isolation. Thereafter, the model is used to do a scenario analysis followed by a sensitivity analysis. The results show that the RED model is a useful tool for evaluating the impact on society of diverted traffic between alternative roads elsewhere in South Africa.en_US
dc.identifier.citationMeyer, GN, Breitenbach, M & Kekana, RD 2008, 'An economic appraisal of the impact of traffic diversion: the N1 toll road and its alternative', South African Journal of Economics, vol. 76, no. 4, pp. 652-666. [http://www.blackwellpublishing.com/journal.asp?ref=0038-2280&site=2]en_US
dc.identifier.issn0038-2280
dc.identifier.urihttp://hdl.handle.net/2263/9435
dc.language.isoenen_US
dc.publisherBlackwellen_US
dc.rightsBlackwell. The definitive version is available at www.blackwell-synergy.comen_US
dc.subjectCost–benefit analysisen_US
dc.subjectRoads Economic Decision (RED) modelen_US
dc.subject.lcshRoads -- Economic aspectsen
dc.subject.lcshRoads -- Cost effectivenessen
dc.titleAn economic appraisal of the impact of traffic diversion : the N1 toll road and its alternativeen_US
dc.typePostprint Articleen_US

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