Chapter 7 Use of toll revenues and investment in Oslo

This chapter investigates issues of efficiency and acceptability in the Oslo toll-financed investment packages. We show that the current and planned packages are far from optimal, due to restrictions on fares, revenue use and contents of the packages. These restrictions, however, seem to be important for political acceptability. The packages are also moving in the "right" direction. The main focus of the policy process in Oslo has been to find a compromise that is agreeable to all stakeholders, rather than to select the policy packages that are most economically efficient.