This paper shows that the inefficiency of fiscal decentralization in the presence of spillovers, a main tenet of the decentralization literature, is overturned in a particular transportation context. In a monocentric city where road (bridge) capacity is financed by budget-balancing user fees,...

This paper has two main purposes. The first is to present, to analyze and to suggest road infrastructure investment and financing policies in Brazil. The second objective is to analyze toll road concessions, with emphasis on toll tariffs. For the last eight years federal road investment (at...

In greenfield toll-road projects, financial sustainability has been a major issue. Many toll roads cannot be operated. Although most of Indonesia's 24 toll road concessions have already been signed by the Toll Road Authority, most of them were caused by financing problems. Three problems have...

The development of toll road in developing countries especially in Indonesia was very slow. Although the Government of Indonesia has an accelerated toll road plan for 2020 was 4,000 km, but toll road length in 2013 was still 784 km. Because of that, the gap of toll road length in Indonesia has...