Download or read book The Value of the RARF Freeway System written by Jason Carey and published by . This book was released on 2000 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report uses foundation and format developed in Phase I of SPR 475; the Value of Arizona's State Highway System: A Corporate-Style Financial Analysis", report number FHWA-AZ-99-475(1); and adapts it to measure the financial performance of the Maricopa County freeways funded by the Regional Area Road Fund (RARF). The basic findings of this research can be summarized as follows: Under the assumptions of corporate-style accounting, the RARF freeway system has operated at a substantial loss over the past 12 years; These losses are projected to continue through the Maricopa Association of Governments system life cycle build-out in 2007; The average returns earned by the RARF Freeway System over the last five years lag those of other transportation and capital-intensive industries.