Summit and Events
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.
Déclaration des Ministres sur le Financement des transports. Sommet annuel 2013
Summit Declaration,
22 May 2013
Expanding Airport Capacity under Constraints in Large Urban Areas: The German Experience
Presentation, slides, speech,
21 February 2013
Economical Impact Analysis of Terrorism Events: Recent Methodological Advances and Findings
Presentation, slides, speech,
11 December 2008
Focus on Airport Performance and Airport-Airline Vertical Relationship
Presentation, slides, speech,
1 October 2008
The Impact of Climate Change Policy on Competition in the Air Transport Industry
Presentation, slides, speech,
1 October 2008
Ensuring Hinterland Access; The Role of Port Authorities
Presentation, slides, speech,
31 March 2008
The Airport Industry in a Competitive Environment: A United Kingdom Perspective
Presentation, slides, speech,
1 January 2008