Open AccessEvaluation of toll rates based on ATP / WTP and BKBOK case studies: Medan-Binjai and Medan-Tebing Tinggi toll roads
Author(s) -
Ridwan Anas,
Irwan Sembiring,
Ika Puji Hastuty
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/801/1/012011
Subject(s) - toll , toll road , government (linguistics) , business , willingness to pay , economics , macroeconomics , philosophy , linguistics , genetics , biology
The government is obliged to provide road infrastructure inadequate supply of infrastructure, either to accelerate the regional economy. Due to the limited budget in efforts to fulfil road infrastructure, so the government carries out various policies to attract the private sector to invest in the road sector, especially toll roads. One of the parameters of toll road investment is related to the initial of toll rate to be applied, where toll rates are determined by saving in vehicle operating costs and value of time and considering the Ability to Pay and Willingness to Pay (ATP / WTP).This study aims to evaluate toll rates are set for the Medan-Binjai and Medan-Tebing Tinggi sections with BKBOK and ATP/WTP analysis, as a reference in the basic operation of the toll road.