ITF publish report: ‘Better Regulation of Public-Private Partnerships for Transport Infrastructure’

The International Transport Forum (ITF) has published a new report on how better regulated Public-Private Partnerships (PPPs) can improve funding and delivery of transport infrastructure. The ITF highlights how PPPs have become an important tool for governments to attract private finance for infrastructure investments. In the face of tight budgets, PPPs are seen as a means to maintain transport investment and limit public spending at the same time.
October 15, 2013 Read time: 2 mins
The 1102 International Transport Forum (ITF) has published a new report on how better regulated Public-Private Partnerships (PPPs) can improve funding and delivery of transport infrastructure.

The ITF highlights how PPPs have become an important tool for governments to attract private finance for infrastructure investments. In the face of tight budgets, PPPs are seen as a means to maintain transport investment and limit public spending at the same time.

Experience with PPPs has been mixed, however. Some transport PPP projects have delivered major cost savings, while many others have exceeded their budgets. PPPs are prone to overestimating revenues from the investment, and the associated risks often fall on the taxpayer when projects run into financial difficulty.

The ITF report ‘Better Regulation of Public-Private Partnerships for Transport Infrastructure’ released by the ITF at the 3685 Organisation for Economic Co-operation and Development (OECD) examines the nature of risks and uncertainties associated with different PPP types; the practical consequences of transferring risks to private partners; assesses the fiscal impact of PPPs; discusses budget procedures and accounting rules; and reviews the relative merits of tolls, availability payments and regulated asset base models.

Policy makers, transport planners, regulators, economists, financial institutions, and transport researchers are among the target audience for the ITF report.

To browse the report online or purchase a copy, %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 oLinkExternal click here www.oecd-ilibrary.org/transport/better-regulation-of-public-private-partnerships-for-transport-infrastructure_9789282103951-en false http://www.oecd-ilibrary.org/transport/better-regulation-of-public-private-partnerships-for-transport-infrastructure_9789282103951-en false false%>
Road Structures Highway & Network Management

Related Content

  • Zoomlion looks to expand its operations through organic growth and acquisitions
    April 17, 2012
    Zoomlion is set to grow its operations as Helen Huang, general manager for the firm’s construction hoist machinery branch explained. The firm intends capitalise on its purchase of the tower crane technology from German firm Jost. Huang said, “We have a two year licence with Jost. We purchased the whole set of topless tower crane technology. This is arranged as a two year technology transfer, although there may be the option to extend the period.”
    Read More
  • Questions over effect of tough sentences for driving offenders
    June 17, 2014
    A UK academic claims that research shows higher prison sentences are unlikely to deter death by driving offences. University of Leicester professor Sally Kyd Cunningham suggests new laws from the UK Government could fail as a deterrent to crimes committed while driving. In the wake of the Government’s recent announcement of a comprehensive review of driving offences and penalties, an academic from the University of Leicester has argued that higher prison sentences could fail to act as a deterrent against de
    Read More
  • Demolition project for UK car park
    November 5, 2012
    In the UK town of Luton, a contractor has been hard at work demolishing a car park. Situated in the centre of this large town, the car park had to be removed as it had reached the end of its working life. But the tight space of the urban working environment meant that the contractor had to be extremely careful not to damage surrounding buildings or inconvenience business, traffic or commuters. Long reach excavators with demolition attachments were used by the firm.
    Read More
  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More

Highlighted Content