Summit and Events
Private Investment in Infrastructure: Dealing with uncertainty in contracts
Presentation, slides, speech,
21 June 2018
Competition in Large Projects: PPPs vs Traditional Procurement
Presentation, slides, speech,
21 June 2018
Addressing risk and uncertainty in long-term PPP contracts
Presentation, slides, speech,
21 June 2018
Private Investment in Transport Infrastructure: Dealing with Uncertainty in Contracts
Research Report, Policy Insights,
21 June 2018
- Pursue private investment in infrastructure on the merits of improved efficiency.
- Invest more into upfront preparation of projects to reduce inefficient risk pricing by suppliers.
- Undertake a comprehensive analysis of how to assist suppliers.
- The pursuit of certainty in delivery should be balanced against cost.
- Stimulate innovation through early contractor involvement or alliancing, not public-private partnerships.
- Avoid transferring demand risk to public-private partnerships if service levels do not strongly impact demand.
- Bundle and cross-fund public-private partnerships to reduce demand risk.
- Adopt the regulatory asset base model where competition is absent or demand not strongly endogenous.
- Introduce a transparent public accounting standard to maximise the value for money of private investment.
- Foster competitive markets to achieve cost-effective infrastructure.
- Pursue data collection on how contract design affects project outcomes.
- Support the development of an evidence-supported procurement tool.
Collaboration in Supply Chain Management: A Resilience Perspective
Presentation, slides, speech,
12 April 2018
Planning for Efficiency, Risk and Resilience in Supply Chains
Presentation, slides, speech,
11 April 2018
Efficiency and Sustainability in Multimodal Supply Chains
Presentation, slides, speech,
11 April 2018
Revízia procesov tvorby cenových odhadov pre diaľničné projekty: Príklad Slovenska
Case-Specific Policy Analysis Summary,
5 March 2018
Partenariats public-privé pour les infrastructures de transport
Roundtable Report, Policy Insights,
29 January 2018
- Ne renégocier les PPP que dans des cas exceptionnels.
- Faire appel à un arbitre indépendant pour établir si le résultat d’un PPP cadre avec ce que les parties auraient négocié si elles avaient prévu le changement intervenu.
- Envisager de charger une instance indépendante de statuer sur le bien-fondé de la renégociation d’un PPP.
- Inclure la réputation et la compétence avérée parmi les critères d’attribution des contrats de PPP.
- Comparer les avantages et inconvénients des PPP avec ceux des autres formes de participation des capitaux privés.
The Financial and Economic Assessment of China’s High Speed Rail Investments
Presentation, slides, speech,
18 December 2013
Financial and Economic Assessment of China’s High Speed Rail Investments
Discussion Paper,
1 December 2013
High Speed Rail Performance in France: From Appraisal Methodologies to Ex-post Evaluation
Discussion Paper,
1 December 2013
PGE ‐ Issues on Project Structure, Financing and Risk Allocation ‐ The Chile Case
Presentation, slides, speech,
7 November 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.
Efficient Hinterland Transport Infrastructure and Services for Large Container Ports
Discussion Paper,
31 August 2013