All Transport
The Italian High Speed Rail Market: Initial Feedback and Results
Presentation, slides, speech,
20 December 2013
The Financial and Economic Assessment of China’s High Speed Rail Investments
Presentation, slides, speech,
18 December 2013
The Performance of High Speed Rail in France: From Appraisal Methodologies to Ex-Post Evaluations
Presentation, slides, speech,
18 December 2013
Shifting Economic Mass Towards Emerging Economies Shown In Global Freight Data
Statistics Brief,
1 December 2013
Financial and Economic Assessment of China’s High Speed Rail Investments
Discussion Paper,
1 December 2013
High Speed Rail Performance in France: From Appraisal Methodologies to Ex-post Evaluation
Discussion Paper,
1 December 2013
PGE ‐ Issues on Project Structure, Financing and Risk Allocation ‐ The Chile Case
Presentation, slides, speech,
7 November 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.
Valuing Convenience in Public Transport in the Korean Context
Presentation, slides, speech,
12 September 2013
Global Freight Volumes Indicate Increasing Dependency On Asia-Led Growth
Statistics Brief,
30 June 2013
Recent Trends in Car Usage in Advanced Economies – Slower Growth Ahead?
Discussion Paper,
31 March 2013