logo

ECONOMIC & FINANCE SUSTAINABILITY

   

Added on  2022-08-28

6 Pages1388 Words18 Views
Running head: ECONOMIC & FINANCE SUSTAINABILITY
ECONOMIC & FINANCE SUSTAINABILITY
Name of the student
Name of the university
Author’s note

ECONOMIC & FINANCE SUSTAINABILITY1
Introduction
SR 91 Express Lanes project in California is a four-lane express toll lane which is built in
the center of southern California. The tolls charged at the road differ by the direction of the
travel, time of trip etc. California private transportation company financed the project and built it
successfully. The CPTC transferred the ownership to the state. The government took so many
measures to contribute to the environment protection. It tried to limit the uses of private cars and
reduce air pollution.
Discussion
1. Major successes
SR 91 express lanes have been successful in adding express lanes in the middle of the
highway lane. It provided a four-lane toll facility in one of the highly congested and busiest
highways of the United States. The highway has been known for its congestion-free pricing
roads. It has become one of the rarest highways to provide congestion-free routes. The difference
between toll roads and congestion-free roads is that toll roads are unsuccessful in delivering free-
flowing lane. The SR 91 is also successful in providing free travels that are no charges for high
occupancy vehicles like buses (Lee, Thomas & Alleman, 2018). These lanes are generally built
in the areas where there are no alternative routes. The higher movement of vehicles helps the
highway in giving such concessions. The opening of electronic accounts of all the travellers, the
automatic charges are detected while crossing the check-points. This benefit has reduced the long
individual queues that used to form in the traditional highway roads. The assessment of fees
automatically and the deduction of toll fees electronically is one of the successes of the express
lane. SR-91 express lanes are proved to be a successful public-private partnership. The project

ECONOMIC & FINANCE SUSTAINABILITY2
helped the government to have investments from the private sector in public transport
infrastructure projects (Weaver, 2017).
The reason behind charging taxes on vehicles is the motive of making them understand that the
use of vehicles excessively creates air pollution. Government need to charge these taxes with the
motive of minimizing pollution. The highways which are successful in collecting these toll
charges are appreciated. SR-91 is one of those successful express lanes who successfully collect
toll charges are contributing to help governments in making policies stricter for environment
protection. It is a multimodal corridor management infrastructure project which is successfully
serving 280000 vehicles per day. The benefit of this multi-modal project plan helps in integrating
the real-time information about conditions of the highways, bus and rail transit, parking
availability etc. (www. ops.fhwa.dot.gov, 2020)
The provision of travel information to the travellers by sending changeable messages
have made the commuters of the highway aware of the actual travel time of the vehicles they are
using. In addition to it, the travellers can check the alternative services which of transport which
is taking less time and cost is also reasonable. This is an innovative approach to increase
travellers interest in public transport. The highway becomes successful in adding a social
objective to it. The higher use of public transport will reduce the time consumption for
completing the journey by private vehicles. In addition to it, the public will be benefitted by the
reasonable cost of these high occupancy vehicles (Badireddi & Davis, 2020).
2. How you can apply them to other areas of sustainability
As per a research conducted by the government of the US by organizing an e-survey of
6000 employees respondents, the project has helped employees of various sectors to reduce their
travel time and cost. The public is encouraged to use public transport. The limited use of public

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Economic Sustainability | Report
|7
|1496
|14

ECONOMIC AND FINANCE SUSTAINABILITY
|7
|1456
|24

Orange County Transportation Authority
|5
|979
|18

Express Lane Failure Of The Project
|4
|730
|33

Impact of Traffic Congestion on Adelaide Tonsley Precinct
|20
|5223
|142