Summit and Events
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
The Impact of Climate Change Policy on Competition in the Air Transport Industry
Presentation, slides, speech,
1 October 2008
Greenhouse Gas (GHG) Control in the Transport Sector: The French Experience
Presentation, slides, speech,
1 April 2008
Reducing Transport Greenhouse Gas Emissions: How Much, How Fast and at What Cost?
Presentation, slides, speech,
11 February 2008
Examining Fuel Economy and Carbon Standards for Light Vehicles
Presentation, slides, speech,
31 January 2008