Investment, Pricing, Taxation
National Issues in the USA in Economic Development, Mobility, and Income Inequality
Discussion Paper,
13 October 2016
Balancing Financial Sustainability and Affordability in Public Transport
Discussion Paper,
13 October 2016
Competitive Tendering in Local and Regional Public Transport in the Netherlands
Discussion Paper,
17 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.
Quantifying the Socio-economic Benefits of Transport: Roundtable Summary and Conclusions
Discussion Paper,
31 March 2016
Private Sector Participation in Infrastructure: Can the Price of Risk Transfer be Efficient?
Discussion Paper,
26 February 2016
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