All Transport
National Issues in the USA in Economic Development, Mobility, and Income Inequality
Discussion Paper,
13 October 2016
Balancing Financial Sustainability and Affordability in Public Transport
Discussion Paper,
13 October 2016
Competitive Tendering in Local and Regional Public Transport in the Netherlands
Discussion Paper,
17 September 2016
Quantifying the Socio-economic Benefits of Transport: Roundtable Summary and Conclusions
Discussion Paper,
31 March 2016
Private Sector Participation in Infrastructure: Can the Price of Risk Transfer be Efficient?
Discussion Paper,
26 February 2016
Estimating Wider Economic Impacts in Transport Project Prioritisation using Ex-Post Analysis
Discussion Paper,
22 February 2016
Incorporating Wider Economic Impacts within Cost-Benefit Appraisal
Discussion Paper,
22 February 2016
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.