All Transport
International Freight and Related CO2 Emissions by 2050: A New Modelling Tool
Discussion Paper,
1 December 2014
The Renegotiation of PPP Contracts: An Overview of its Recent Evolution in Latin America
Discussion Paper,
1 December 2014
Renegotiation of Transportation Public-Private Partnerships: The U.S. Experience
Discussion Paper,
1 December 2014
Institutional and Political Determinants of Private Participation in Infrastructure
Presentation, slides, speech,
27 October 2014
Renegotiation of Transportation Public-Private Partnerships: The U.S. Experience
Presentation, slides, speech,
27 October 2014
Soft Budgets, Renegotiations and Public-Private Partnerships
Presentation, slides, speech,
27 October 2014
Renegotiations: How to Approach them and Economic Outcomes
Presentation, slides, speech,
27 October 2014
Causal Influence for Ex-post Evaluation of Transport Interventions
Discussion Paper,
30 September 2014
Causal Inference for Ex-Post Evaluation of Transport Interventions
Presentation, slides, speech,
14 September 2014
Permanent Observatories as Tools for Ex-Post Assessment: the French case study
Presentation, slides, speech,
14 September 2014
The National Audit Office’s Value for Money Assessment of Transport Investments
Presentation, slides, speech,
14 September 2014
The National Audit Office’s Value-for-Money Assessment of Transport Investments
Discussion Paper,
31 July 2014
Policy Evaluation System for Reduction Of Co2 Emissions in Transport Sector
Presentation, slides, speech,
27 February 2014
Cost Benefit Analysis France: Monetising Non-Priced Effects
Presentation, slides, speech,
1 February 2014
Prospettive Dei Trasporti Del Fit (Forum Internazionale Dei Trasporti) 2015
Transport Outlook Summary,
1 January 2014
Perspectivas del transporte 2015 (ITF, Foro Internacional de Transporte)
Transport Outlook Summary,
1 January 2014
The Social Cost Of Carbon: A Primer And Overview Of The U.S. Government’s SCC Estimates
Presentation, slides, speech,
12 December 2013
Valuation of CO2 Emissions in Cost-Benefit Analysis of Transportation Projects: Report from Japan
Presentation, slides, speech,
1 December 2013
Better Regulation of Public-Private Partnerships for Transport Infrastructure
Roundtable Report, Policy Insights,
24 September 2013
- A mix of financing models spreads risks.
- A dedicated budget for PPPs, set in relation to the rate at which future liabilities will be accumulated, can provide such a limit.
- Explicit consideration of alternative financing arrangements should be employed in determining whether to proceed with PPP projects.
- It is recommended that governments require PPP projects to pass tests of affordability and to clear the hurdle rates of return generally applied to publicly financed transport projects.
- The expected cost of PPP projects should take account of cost inflation resulting from the propensity for projects to be renegotiated.
- At the individual project level, risks should be assigned to the party best able to manage them, along with rights to make related decisions.
- Assigning demand risk is not straightforward and risk sharing arrangements are therefore common.
- Continuity of resources and expertise is essential for addressing strategic behaviour and optimism bias more generally.
- Regulatory agencies are well placed to ensure transparency and accountability by publishing reports on the criteria employed to make decisions and publishing contracts.