All Transport
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
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
Recent Trends in Car Usage in Advanced Economies – Slower Growth Ahead?
Discussion Paper,
31 March 2013
Expanding Airport Capacity under Constraints in Large Urban Areas: The German Experience
Discussion Paper,
1 March 2013
Upgrading to World Class: The Future of the New York Region’s Airports
Discussion Paper,
1 February 2013
Have Americans Hit Peak Travel? A Discussion of the Changes in US Driving Habits
Discussion Paper,
1 February 2013
The Evolution of London’s Crossrail Scheme and the Development of the Department for Transport’s Economic Appraisal Methods
Discussion Paper,
1 November 2011
State Roles in Providing Affordable Mass Transport Services for Low-Income Residents
Discussion Paper,
30 April 2011
What Does Improved Fuel Economy Cost Consumers and What Does it Cost Taxpayers?
Discussion Paper,
30 April 2011
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.