Rail
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.
Déclaration des Ministres sur le Financement des transports. Sommet annuel 2013
Summit Declaration,
22 May 2013
OECD Countries Spend 1% of GDP on Road and Rail Infrastructure on Average
Statistics Brief,
31 May 2012
Déclaration des Ministres lors du Sommet de 2012 sur des transports sans rupture : développer les connexions
Summit Declaration,
2 May 2012
Messages clés des Ministres. Sommet annuel 2011: Des transports pour la société
Summit Declaration,
25 May 2011
Key Messages from Ministers 2011 Annual Summit: Transport for Society
Summit Declaration,
25 May 2011
Kernbotschaften Der Verkehrsminister. Summit 2009: Verkehr für eine globale Wirtschaft
Summit Declaration,
27 May 2009
Messages clés ministeriels. Sommet 2009 : Des transports pour une économie mondialisée : défis et perspectives face à la crise
Summit Declaration,
27 May 2009
- « first
- ‹ previous
- 1
- 2
- 3
- 4