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.
UN Secretary-General Appoints Head of ITF as Advisor on Sustainable Transport
Media Release,
14 September 2015
Integrated Transport Development Experiences of Global City Clusters - Urban and Suburban Transport in Mexico City
Presentation, slides, speech,
2 July 2015
Urban Development, Transport Investments and Connectivity in the Ile-de-France Region
Presentation, slides, speech,
2 July 2015
Integrated Transport Development in China’s Emerging Urban Agglomerations
Discussion Paper,
2 July 2015
Integrated Transport Development in China’s Emerging Urban Agglomerations
Presentation, slides, speech,
1 July 2015
Urban Planning and Transport Infrastructure Provision in the Randstad, Netherlands – a Global City Cluster
Presentation, slides, speech,
1 July 2015
Cities as Labor Markets: Relevance to China City Cluster Development
Presentation, slides, speech,
1 July 2015
Urban Planning and Transport Infrastructure Provision in the Randstad, Netherlands
Discussion Paper,
31 May 2015
Measuring Public Investment in Transport Infrastructure and Logistics Indicators for Efficient Investment
Presentation, slides, speech,
9 March 2015
The Regulatory Asset Base Model and the Project Finance Model: A Comparative Analysis
Discussion Paper,
1 February 2015
Public Private Partnerships for Transport Infrastructure: Renegotiations, How to Approach Them and Economic Outcomes. Roundtable Summary and Conclusions.
Discussion Paper,
1 February 2015
Ex-post Assessment of Transport Investments and Policy Interventions
Discussion Paper,
1 January 2015
The Social Cost Of Carbon: A Primer And Overview Of The U.S. Government’s SCC Estimates
Presentation, slides, speech,
12 December 2013
Valuation of CO2 Emissions in Cost-Benefit Analysis of Transportation Projects: Report from Japan
Presentation, slides, speech,
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.
The Potential of Private Institutional Investors for Financing Transport Infrastructure
Discussion Paper,
30 April 2013