FREEWAY CONGESTION PRICING: ANOTHER LOOK

Abstract

The rationale underlying congestion pricing is set forth. The level of congestion charges is based upon the freeway speed-flow curves contained in the 1985 Highway Capacity Manual (HCM) and its 1994 update. Dollar values for the time costs incurred are developed on the basis of an annual household income of $33,000 and actual motorist studies using a time value of 15 cents per minute. The calculation results in congestion costs of about $0.35 to $0.87 per vehicle-kilometer ($0.61 to $1.40 per vehicle-mile) on the basis of the 1985 HCM speed-flow curves and about $0.04 to $0.06 per vehicle-kilometer ($0.06 to $0.09 per vehicle-mile) on the basis of the 1993 updated curves. Finally, some of the practical concerns associated with implementing freeway congestion pricing programs are discussed.

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