Victoria uses lowest toll as point of competition

The Victorian model used for some privately financed projects, such as the new East Link tollway project, has the toll level as the point of competition in the bidding process. This makes value for money for motorists, not the size of the upfront payment, the decisive criterion in the assessment process.

There is a close link between the capacity of a proponent to offer an upfront payment and the patronage projections underlying a proposal.