All Transport
Adapting Transport Policy to Climate Change
Research Report, Policy Insights,
30 November 2015
- Uncertainty is different from risk.
- Climate effects are subject to uncertainty.
- There are techniques to deal with risk.
- There is currently no robust method to treat Knightian uncertainty.
- Risk, uncertainty and discount rate all affect carbon value.
Integrated Transport Development in China’s Emerging Urban Agglomerations
Discussion Paper,
2 July 2015
Urban Planning and Transport Infrastructure Provision in the Randstad, Netherlands
Discussion Paper,
31 May 2015
Big Data and Transport
Corporate Partnership Board Report, Policy Insights,
30 April 2015
- Road safety improvements can be accelerated through the specification and harmonisation of a limited set of safety-related vehicle data elements.
- Transport authorities will need to audit the data they use in order to understand what it says (and what it does not say) and how it can best be used.
- More effective protection of location data will have to be designed upfront into technologies, algorithms and processes.
- New models of public-private partnership involving data-sharing may be necessary to leverage all the benefits of Big Data.
- Data visualisation will play an increasingly important role in policy dialogue.
Urban Mobility System Upgrade
Corporate Partnership Board Report, Policy Insights,
31 March 2015
- Self-driving vehicles could change public transport as we currently know it.
- The potential impact of self-driving shared fleets on urban mobility is significant. It will be shaped by policy choices and deployment options.
- Active management is needed to lock in the benefits of freed space.
- Improvements in road safety are almost certain. Environmental benefits will depend on vehicle technology.
- New vehicle types and business models will be required.
- Public transport, taxi operations and urban transport governance will have to adapt.
- Mixing fleets of shared self-driving vehicles and privately-owned cars will not deliver the same benefits as a full TaxiBot/AutoVot fleet - but it still remains attractive.
Public Private Partnerships for Transport Infrastructure: Renegotiations, How to Approach Them and Economic Outcomes. Roundtable Summary and Conclusions.
Discussion Paper,
1 February 2015
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 Potential of Private Institutional Investors for Financing Transport Infrastructure
Discussion Paper,
30 April 2013
Potential Economic Impacts of Technological and Organisational Innovations in Intermodal Access to Major Passenger Terminals
Discussion Paper,
1 December 2009
Interurban Passenger Transport: Economic Assessment of Major Infrastructure Projects
Discussion Paper,
1 December 2009
Competitive Interaction between Airports, Airlines and High-Speed Rail
Roundtable Report,
4 November 2009