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Pricing Highway Infrastructure Executive Program
New Dates: September 10-12, 2012
A specially designed executive program for professionals in both the private and public sectors focusing on the principles and methods of pricing highway infrastructure.
Funding of highways is at a crossroads. Traditional funding mechanisms, such as gasoline- tax revenues, are proving to be insufficient to maintain existing facilities and fund expanded capacity. Government agencies are looking to users to make up for the shortfall. Highway infrastructure offers an exceptional opportunity for raising funds to establish and/or sustain such infrastructure while providing an attractive return on investment to both public and private investors. Key to achieving such returns are the prices charged to users. But how should user charges be set?
- Should every user pay the same fee?
- Is it practical, commercially worthwhile, and socially acceptable to charge user fees?
- How are these pricing principles changed when the facility is congested?
- What methods can be used to forecast future revenue streams?
- How does the pricing of an individual link affect the performance of the neighboring highway network?
- How does private operation of a facility change the pricing objectives?
- How might the public sector regulate prices?
These questions and more will be addressed in this three day course offered by the Transportation Center at Northwestern University.
Who Should Attend
The course is aimed at professionals who currently, or may in the future, set user charges; financial personnel; engineers and project managers who oversee facility maintenance and new construction; and government officials who may manage programs of fee-paying private or public facility provision. It is also applicable to consultants to infrastructure providers, and those who finance infrastructure projects.
The focus of the course is on the economics of pricing. Some prior knowledge of economics, such as might be obtained from an introductory college-level microeconomics course, will be useful. The course will run from 8:30am until 5pm on Monday and Tuesday. It will conclude at 4pm on Wednesday.
Co-sponsored by the CSCMP. Additional discount available to CSCMP members. For more information, call 847-491-7287 or e-mail TCinfo@northwestern.edu.