Measurement and Managing the Revenue Risks of Toll Roads

Transportation infrastructure is considered the engine of countries economic development. Traditionally, implementing and financing such a project has been done by governments through the national budgetary funds. Such projects' benefits attracted the private sector to be involved in these projects, reducing the burden on governments, providing better quality measures, and generating a return that compensates the opportunity cost of their capital and the risk involved. This process was done under public-private partnership agreements. The revenue generated by these projects is enormous but also surrounded by immense uncertainties. Specifically, forecasting errors resulted from the long-term revenue and expenditure projections to recover the capital expenditure and yield a satisfactory return to equity owners. The study aims to conduct an integrated investment appraisal that assesses the overall potential of the famous Riviera Marcory toll bridge in Ivory Coast using cost-benefit analysis (CBA) approach. Keywords: Infrastructure, Toll Bridge, Public-Private Partnership, Cost-Benefit Analysis, Ivory Coast.