"Dynamic Pricing on the Road: How Managed Tolls Work"
Ricardo Sanchez, Technical Director North America, Cintra
December 1, 2015
Uris Hall, Room 142
Many American cities are introducing dynamic toll pricing to manage congestion on commuter roadways, often with the help of private companies. Global infrastructure developers, like Cintra, may construct new highways or additional lanes on existing freeways, in exchange for toll revenue. By charging different tolls at different times during the day, cities manage traffic more efficiently and toll operators maximize toll revenue.
Ricardo Sanchez, Technical Director North America, Cintra, will discuss how his company implemented the Dallas-Fort Worth managed lanes project. He will explore the challenges and successes of the system and how commuters are reacting to it. How did the reality measure up to the planning? How have prices been determined? What are the benefits and drawbacks of this kind of public-private partnership? Read a working paper by Center Director Robert Phillips on the topic of setting optimal dynamic tolls.
Ricardo Sanchez holds a M.S. degree in Civil Engineering from the Polytechnic University of Madrid (Spain) and MSc Degree in Transportation from Imperial College London. He has over 18 years experience in transportation engineering focused on analyzing traffic and revenue for toll road projects. Since 2002 he has worked with Cintra, the concessions arm of Ferrovial, initially responsible for managing the preparation of traffic and revenue forecasts for existing and new projects pursued by the company worldwide. His involvement included the Chicago Skyway and Indiana Toll Road transactions in 2004 and 2005 , the NTE and LBJ Managed Lane projects in Texas in 2009 and the I77 Managed Lanes project in North Carolina in 2014. From March 2007 he has been leading Cintra’s North American Technical Department. He manages a team of highly qualified professionals preparing feasibility analysis for new toll roads in the US and Canada, and provides support to Cintra Toll road projects in North America on Operations and Maintenance, Design and Construction, Pricing, Traffic and Revenue. He is married with 2 children and resides in Austin, Texas.
The event is part of the Center for Pricing and Management’s 2015-2016 Speaker Series.