Rail
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.
Recent Trends in Car Usage in Advanced Economies – Slower Growth Ahead?
Discussion Paper,
31 March 2013
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
Have Americans Hit Peak Travel? A Discussion of the Changes in US Driving Habits
Discussion Paper,
1 February 2013
New Drivers in Mobility: What Moves the Dutch in 2012 and Beyond?
Discussion Paper,
30 September 2012
The Fantasy World of Private Finance for Transport via Public Private Partnerships
Discussion Paper,
31 August 2012
The Evolution of London’s Crossrail Scheme and the Development of the Department for Transport’s Economic Appraisal Methods
Discussion Paper,
1 November 2011
State Roles in Providing Affordable Mass Transport Services for Low-Income Residents
Discussion Paper,
30 April 2011
What Does Improved Fuel Economy Cost Consumers and What Does it Cost Taxpayers?
Discussion Paper,
30 April 2011