Rail
Ex-Post Assessment of Transport Investments and Policy Interventions
Roundtable Report, Policy Insights,
27 February 2017
- Data collection for evaluation needs to be planned for from the outset.
- Audit transport projects throughout the project stages
- Use independent organisations to carry out audits of transport projects.
- Recognise the variety of economic goals targeted by transport investments.
- Involve local partners in providing evidence on performance.
Public Private Partnerships for Transport Infrastructure: Renegotiation and Economic Outcomes
Roundtable Report, Policy Insights,
23 February 2017
- Use renegotiation of PPPs only in exceptional cases.
- Use an independent jury to assess whether the outcome of a PPP is what parties might have been expected to negotiate had they foreseen a change that has occurred.
- Consider to task an independent body with determining when renegotiation of a PPP is legitimate.
- Include reputation and demonstrated competence in selection criteria for a PPP.
- Compare advantages and weaknesses of PPPs versus other forms of private capital.
Quantifying the Socio-economic Benefits of Transport
Roundtable Report, Policy Insights,
20 January 2017
- Cost-benefit analysis (CBA) guidelines can be expanded to include reliability and some wider impacts.
- Further research into reliability benefits is needed to improve confidence in results.
- Wider economic impacts should be examined in cases where they are expected to be significant.
- Further research into the impacts and tools for capturing wider impacts is needed.
- Cost-benefit analysis (CBA) can play an important role in decision making, but need not dominate.
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.
Regulation of For-Hire Passenger Transport: Portugal in International Comparison
Case-Specific Policy Analysis, Policy Insights,
9 June 2016
- Steer policy development towards mobility services that allow efficient achievement of public policy objectives regarding the needs of consumers and society.
- Encourage innovative and more flexible regulation of for-hire transport services.
- Embrace data-led regulation to improve societal outcomes.
- Keep the regulatory framework of for-hire passenger transport services as simple and uniform as possible.
App-Based Ride and Taxi Services: Principles for Regulation
Corporate Partnership Board Report, Policy Insights,
9 May 2016
- Focus policy regarding for-hire passenger transport on the needs of consumers and society.
- Keep the regulation framework of for-hire passenger transport services as simple and uniform as possible.
- Encourage innovative and more flexible regulation of for-hire transport services.
- Embrace data-led regulation to improve societal outcomes.
Shared Mobility: Innovation for Liveable Cities
Corporate Partnership Board Report, Policy Insights,
9 May 2016
- Shared mobility benefits depend on creating the right market conditions and operational frameworks.
- Shared mobility has significant environmental benefits, even with current engine technology.
- Shared mobility will radically change public transport and most traditional bus services will disappear.
- Public authorities must guide the deployment of shared mobility systems and anticipate their impacts.
International Experiences on Public Transport Provision in Rural Areas
Case-Specific Policy Analysis, Policy Insights,
29 June 2015
- We are currently seeing a major change in the perception of ‘public transport’.
- Demand-responsive transport is seen as one of the key options to meet public transport challenges in rural areas.
- Significant scope still exists for ‘conventional’ public transport.
- Better coordination between different types of services is required.
- Relaxing quantitative taxi regulation can enable new innovative solutions.
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.