Investment, Pricing, Taxation
Public Private Partnerships for Transport Infrastructure: Renegotiation and Economic Outcomes
Roundtable Report, Policy Insights,
23 February 2017
- Use renegotiation of PPPs only in exceptional cases.
- Use an independent jury to assess whether the outcome of a PPP is what parties might have been expected to negotiate had they foreseen a change that has occurred.
- Consider to task an independent body with determining when renegotiation of a PPP is legitimate.
- Include reputation and demonstrated competence in selection criteria for a PPP.
- Compare advantages and weaknesses of PPPs versus other forms of private capital.
Quantifying the Socio-economic Benefits of Transport
Roundtable Report, Policy Insights,
20 January 2017
- Cost-benefit analysis (CBA) guidelines can be expanded to include reliability and some wider impacts.
- Further research into reliability benefits is needed to improve confidence in results.
- Wider economic impacts should be examined in cases where they are expected to be significant.
- Further research into the impacts and tools for capturing wider impacts is needed.
- Cost-benefit analysis (CBA) can play an important role in decision making, but need not dominate.
Airport Demand Forecasting for Long-Term Planning
Roundtable Report, Policy Insights,
6 July 2016
- Use quantitative methods to analyse the key drivers of airport demand.
- Use expert guidance to help interpret the quantitative results.
- Quality-assure the analysis and counter the risks of optimism bias.
- Reflect the risks and uncertainties that arise in even the best forecasts.
- Make better use of demand forecasts in airport infrastructure planning.
Air Service Agreement Liberalisation and Airline Alliances
Case-Specific Policy Analysis,
1 December 2014
L’évaluation des projets transformationnels: Le cas du Grand Paris Express
Case-Specific Policy Analysis,
11 November 2014
Examen par les pairs du développement du fret ferroviaire au Mexique
Research Report,
1 February 2014
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.
Integration and Competition between Transport and Logistics Businesses
Roundtable Report,
26 February 2010
Gestion de la mobilité en entreprises : politiques de transport efficaces
Research Report,
1 January 2010
Competitive Interaction between Airports, Airlines and High-Speed Rail
Roundtable Report,
4 November 2009
Concurrence et interactions entre aéroports, services de transports aériens et ferroviaires
Roundtable Report,
1 January 2009