All Transport
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.
Efficient Hinterland Transport Infrastructure and Services for Large Container Ports
Discussion Paper,
31 August 2013
The Potential of Private Institutional Investors for Financing Transport Infrastructure
Discussion Paper,
30 April 2013
Procurement and Contract Design in the Construction Industry ... Not One Size Fits All
Discussion Paper,
30 September 2012
The Fantasy World of Private Finance for Transport via Public Private Partnerships
Discussion Paper,
31 August 2012
Moving Freight with Better Trucks
Research Report, Policy Insights,
18 April 2011
- The freight transport task is growing rapidly in most regions and requires effective utilisation of all modes of transport.
- The safety and environmental impacts of road haulage require regulatory intervention for optimal outcomes.
- Compliance can be improved greatly through legislation that assigns responsibility.
- Compliance regimes can be enhanced by exploiting technological innovations.
- A performance based approach to regulation offers the potential to meet community objectives for road freight transport more fully.
- Many higher capacity vehicles have equivalent or even better intrinsic safety characteristics in some respects than most common workhorse trucks.
- Truck crash energies mean safety regulation must pay particular attention to managing truck speeds and driver alertness and impairment.
- Higher capacity vehicles have potential to improve fuel efficiency and reduce emissions.
- Higher capacity vehicles can result in fewer vehicle-kilometres travelled.
- The lower unit costs offered by higher productivity trucks could result in increased overall demand for road freight transport and a transfer of freight from other modes.
- Road pricing systems can be developed to manage use of the transport network more efficiently.
- Road infrastructure and trucks need to be developed in concert.
- Significant opportunities for improvement of the regulation of heavy trucks have been identified.
Estimating the Agglomeration Benefits of Transport Investments: Some Tests for Stability
Discussion Paper,
30 June 2010
Interurban Passenger Transport: Economic Assessment of Major Infrastructure Projects
Discussion Paper,
1 December 2009
Competitive Interaction between Airports, Airlines and High-Speed Rail
Discussion Paper,
30 September 2009
Globalisation and Freight Transport Costs in Maritime Shipping and Aviation
Discussion Paper,
30 April 2009
Etat de la construction et du fonctionnement du marché des transports routiers de marchandises en Europe
Discussion Paper,
29 April 2009
The Construction and Operation of the Road Freight Transport Market in Europe
Discussion Paper,
29 April 2009
Railway and Ports Organization in the Republic of South Africa and Turkey: The Integrator’s Paradise?
Discussion Paper,
1 February 2009
Market Power and Vertical and Horizontal Integration in the Maritime Shipping and Port Industry
Discussion Paper,
1 January 2009
Empirical Evidence for Integration and Disintegration of Maritime Shipping, Port and Logistics Activities
Discussion Paper,
1 January 2009