All Transport
Balancing Financial Sustainability and Affordability in Public Transport
Discussion Paper,
13 October 2016
Perspectives for Integrating Housing Location Considerations and Transport Planning as a Means to Face Social Exclusion in Indian Cities
Discussion Paper,
12 October 2016
How Equitable is Access to Opportunities and Basic Services Considering the Impact of the Level of Service?
Discussion Paper,
12 October 2016
Housing Plus Transportation Affordability Indices: Uses, Opportunities, and Challenges
Discussion Paper,
12 October 2016
Competitive Tendering in Local and Regional Public Transport in the Netherlands
Discussion Paper,
17 September 2016
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
Adapting Transport Policy to Climate Change
Research Report, Policy Insights,
30 November 2015
- Uncertainty is different from risk.
- Climate effects are subject to uncertainty.
- There are techniques to deal with risk.
- There is currently no robust method to treat Knightian uncertainty.
- Risk, uncertainty and discount rate all affect carbon value.
Integrated Transport Development in China’s Emerging Urban Agglomerations
Discussion Paper,
2 July 2015
Public Transport Provision in Rural and Sparsely Populated Areas in Norway
Discussion Paper,
1 March 2015
Report on Public Transport Provision in Rural and Depopulated Areas in the United Kingdom
Discussion Paper,
1 March 2015
The Regulatory Asset Base Model and the Project Finance Model: A Comparative Analysis
Discussion Paper,
1 February 2015
Public Private Partnerships for Transport Infrastructure: Renegotiations, How to Approach Them and Economic Outcomes. Roundtable Summary and Conclusions.
Discussion Paper,
1 February 2015
Ex-post Assessment of Transport Investments and Policy Interventions
Discussion Paper,
1 January 2015
International Freight and Related CO2 Emissions by 2050: A New Modelling Tool
Discussion Paper,
1 December 2014
The Renegotiation of PPP Contracts: An Overview of its Recent Evolution in Latin America
Discussion Paper,
1 December 2014
Renegotiation of Transportation Public-Private Partnerships: The U.S. Experience
Discussion Paper,
1 December 2014
Causal Influence for Ex-post Evaluation of Transport Interventions
Discussion Paper,
30 September 2014
The National Audit Office’s Value-for-Money Assessment of Transport Investments
Discussion Paper,
31 July 2014
Planning and Designing Transport Systems to Ensure Safe Travel for Women
Discussion Paper,
1 March 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.