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| Abstract |
This study integrates route-choice behavior and financial feasibility analysis for the Malang-Kepanjen Toll Road. Stated Preference surveys of 100 respondents reveal a toll equilibrium tariff of IDR 9...,800 and a time acceptance threshold of -25 minutes (R²=0.873). These parameters establish three traffic scenarios: pessimistic (236 veh/hr), moderate (351 veh/hr), and optimistic (456 veh/hr). Financial analysis over a 20-year concession shows only the optimistic scenario is viable (B/C Ratio=1.238). This integrated framework addresses a methodological gap in Indonesian infrastructure planning and improves investment reliability for secondary city corridors.show more
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