All Transport
Adapting Transport to Climate Change and Extreme Weather
Research Report, Policy Insights,
14 December 2016
- Act now to preserve the value of transport infrastructure and maintain network performance.
- Protect transport infrastructure against climate impacts through good maintenance.
- Prepare for more frequent and unexpected failure of transport infrastructure.
- Account for temporary unavailability of transport assets in in service continuity plans.
- Assess vulnerability of transport assets and networks from climate change and extreme weather.
- Focus on transport system resilience, not just on designing robust infrastructure.
- Re-evaluate thinking on redundant transport infrastructure.
- Do not rely solely on cost-benefit analysis for appraising the value of transport infrastructure.
- Develop new decision-support tools that incorporate deep uncertainty into asset appraisal.
Capacity to Grow: Transport Infrastructure Needs for Future Trade Growth
Corporate Partnership Board Report, Policy Insights,
8 May 2016
- Develop planning tools to adapt to uncertainties: Good port planning means planning for uncertainties.
- Increase port capacity by optimising existing terminals.
- Take a holistic planning approach to improving port capacity needs as part of the entire supply chain.
- Use funding as a balancing tool in port capacity development.
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.