Investment, Pricing, Taxation
Collaborative Infrastructure Procurement in Sweden and the Netherlands
Discussion Paper,
29 March 2020
Reforming Public Transport Planning and Delivery
Research Report, Policy Insights,
24 February 2020
- Let government plan transport services, but at a decentralised level.
- Consider corporatising publicly operated transport services.
- Pay close attention to system design where competition in public transport provision is introduced.
- Pay attention to service quality as well as costs to achieve a sustainable public transport system.
- Take the broader urban context into account in designing and adopting public transport reforms.
Dealing with the Obsolescence of Transport Infrastructure in Public-Private Partnerships
Discussion Paper,
10 January 2020
Risk Allocation in Public-Private Partnerships and the Regulatory Asset Base Model
Discussion Paper,
7 January 2020
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
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
Discussion Paper,
1 March 2013
Upgrading to World Class: The Future of the New York Region’s Airports
Discussion Paper,
1 February 2013