State-of-the-art of Literature Reviews on Project Financing Models for Toll Road Investments
The14th International Conference on QiR (QAuality in Research), 2015
6 Pages Posted: 3 Jun 2019
Date Written: August 13, 2015
The financial sustainability has been a major issue in greenfield toll-road projects. Most of Indonesia’s 24 toll road concessions already signed by Toll Road Authority, for instance, cannot be put in operation because of financing problems. Uncertainties of long-term project revenues, limitation of budget provided by governments, inadequate government supports for land acquisitions, lack of toll road financing itself and low traffic estimates have been widely cited as potential sources of this unsustainability. Using desk study and meta analysis, this research aims to investigate the state-of-the-art of innovative financing models recently introduced to address financial problems. These models include earmarked tax revenue system, deep discount bonds, take out financing, tax increment financing, land leases, deferred debt, and private donation.
Keywords: state of the art, literature, financing model, toll road, investment
JEL Classification: G11, G12, G23, G32, R51
Suggested Citation: Suggested Citation