Investment, Pricing, Taxation
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.
The Possible Role of RIA in Swedish Transport Planning
Presentation, slides, speech,
26 September 2016
Assessing Consumer Welfare Impacts of Aviation Policy Measures
Presentation, slides, speech,
26 September 2016
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.
Balancing Financial Sustainability and Affordability in Public Transport: The Case of Bogota, Colombia
Presentation, slides, speech,
4 April 2016
National Issues in the USA in Economic Development, Mobility and Income Inequality
Presentation, slides, speech,
3 April 2016
The Financial and Economic Assessment of China’s High Speed Rail Investments
Presentation, slides, speech,
18 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.
Expanding Airport Capacity under Constraints in Large Urban Areas: The German Experience
Presentation, slides, speech,
21 February 2013