Turnpikes – Simon Taylor's Blog

7 Nov 2026

A brief history of toll roads

by Simon Taylor | posted in: Course material, History, Infrastructure | 0

A toll road is a road where access is subject to a fee, called a toll. For this to work, two things need to be in place: i) the road needs to add value compared with other means of transport, … Continued

Simon is Management Practice Professor of Finance at Cambridge Judge Business School. From 2008-2018 he was the first Director of the University of Cambridge Master of Finance (MFin) degree, and was later the first Director of the University's Global Executive MBA. An economist and former equities analyst at JPMorgan and Citigroup, he teaches on financial markets and institutions, infrastructure finance and the world financial system. He is a Fellow in Management at St Catharine's College, Cambridge, where he is a member of the investment committee, and a research associate of the Cambridge Energy Policy Research Group, where he specialises in nuclear finance.

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