Walking and Cycling
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.
Expanding Airport Capacity under Constraints in Large Urban Areas: The German Experience
Presentation, slides, speech,
21 February 2013
Insurance Market Incentives and Constraints and Complementary Public Policies
Presentation, slides, speech,
31 August 2011
Effective Regulatory Institutions: The Regulator's Role in the Policy Process
Presentation, slides, speech,
2 December 2010
Effective Regulatory Institutions for Air Transport - A European Perspective
Presentation, slides, speech,
2 December 2010
Transport Regulation from Theory to Practice: General Observations and a Case Study
Presentation, slides, speech,
1 December 2010
Issues from the Practical Application of CBA in Major Transport Projects
Presentation, slides, speech,
21 October 2010
The Practice of Cost-Benefit Analysis in the Transport Sector. Mexico Perspective
Presentation, slides, speech,
20 October 2010
The Practice of Project Appraisal in France and the Role of CBA in Decision Making
Presentation, slides, speech,
20 October 2010
Incentives for CO2 Emissions Reductions in Motor Vehicle Taxes
Presentation, slides, speech,
2 September 2009
Are Horizontal Mergers and Vertical Integration a Problem?
Presentation, slides, speech,
6 February 2009
Integration and Competition Between Transport & Logistics Businesses
Presentation, slides, speech,
5 February 2009
Market Power and Vertical and Horizontal Integration in Themaritime Shipping and Port Industry
Presentation, slides, speech,
1 January 2009
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