All Transport
The Regulatory Asset Base Model and the Project Finance Model: A Comparative Analysis
Discussion Paper,
1 February 2015
Public Private Partnerships for Transport Infrastructure: Renegotiations, How to Approach Them and Economic Outcomes. Roundtable Summary and Conclusions.
Discussion Paper,
1 February 2015
Ex-post Assessment of Transport Investments and Policy Interventions
Discussion Paper,
1 January 2015
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
Causal Influence for Ex-post Evaluation of Transport Interventions
Discussion Paper,
30 September 2014
The National Audit Office’s Value-for-Money Assessment of Transport Investments
Discussion Paper,
31 July 2014
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.
The Fantasy World of Private Finance for Transport via Public Private Partnerships
Discussion Paper,
31 August 2012
What Does Improved Fuel Economy Cost Consumers and What Does it Cost Taxpayers?
Discussion Paper,
30 April 2011
Effective Regulatory Institutions: The Regulator's Role in the Policy Process, Including Issues of Regulatory Independence
Discussion Paper,
2 December 2010
The Practice of Cost Benefit Analysis in the Transport Sector: A Mexican Perspective
Discussion Paper,
20 October 2010
The Practice of Cost Benefit Analysis in Transport: The Case of France
Discussion Paper,
20 October 2010
Transport Regulation from Theory to Practice: General Observations and a Case Study
Discussion Paper,
30 September 2010
Estimating the Agglomeration Benefits of Transport Investments: Some Tests for Stability
Discussion Paper,
30 June 2010
Lessons from the U.S. Transport Deregulation Experience for Privatization
Discussion Paper,
1 December 2009
How Transport Costs Shape the Spatial Pattern of Economic Activity
Discussion Paper,
1 December 2009
Integration and Competition between Transport and Logistics Businesses
Discussion Paper,
31 May 2009