Value Pricing Pilot Program Projects Involving Tolls

Projects involving tolls include charges for road use that vary by demand. Charges may vary on a pre-scheduled basis, e.g., by time of day, or dynamically in response to real time changes in demand. Whereas toll rates on conventional toll facilities are set primarily to achieve certain revenue targets for financing of the facilities, congestion-priced toll rates are set to achieve specific targets of reductions in demand or to maintain specific levels of performance on the priced facility, e.g., a target speed range, or a target "optimum" volume to capacity ratio. Congestion pricing projects involving tolls may be categorized according to their extent of application, as follows:

• Priced Lanes: Pricing is applied on a limited number of lanes of a roadway.
• Priced Roadways: Pricing is applied on all lanes of a roadway facility.
• Zone-Based Pricing: Pricing is applied within a limited zone involving several roadway facilities.
• Systemwide Pricing: Pricing is applied within an entire metropolitan region, state, or country.

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