A Self-Financing Road System

Pricing would lead to more efficient investment and better use of existing capacity

In Research Monograph 3, Gabriel Roth (a member of the panel which produced the Smeed Report) draws on his work as a transport economist to consider how far more efficient pricing policies and techniques can economise the use of existing roads, attract additional resources, facilitate a more rational allocation of investment funds and thus improve the British road network. He proposes that the present indirect method of paying for roads by road licence, petrol and purchase taxes, so that motorists hardly relate their payments to their use of the roads, should be replaced.