Transport Infrastructure Investment Options For Efficiency
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Transport Infrastructure Investment Options for Efficiency by International Transport Forum Pdf
Examines key principles that should be considered by governments in deciding how to provide and pay for surface transport infrastructure, with a view to best serving societies’ needs and employing public resources.
Impact of Transport Infrastructure Investment on Regional Development by OECD Pdf
This report describes evaluation methods for transport infrastructure investments to ensure that scarce resources are allocated in a way that maximises their net return to society.
Transport Investment and Economic Development by David Banister,Joseph Berechman Pdf
A major concern of all decision makers has been to ensure that there are clear benefits from transport investment proposals. The travel time savings are clear, but the wider economic developments have presented enormous difficulty in terms of both theoretical arguments and empirical evidence. This book reviews the history of the debate and argues that the agenda has changed. These issues are presented together with a major analytical investigation of macroeconomic models, evaluation in transport and microeconomic approaches. The final part of the book presents a series of case studies for road, rail and airport investment schemes, particularly focusing on the economic development aspects.
Public Investment Management in the New EU Member States by Thomas Laursen,Bernard Myers Pdf
This paper describes the characteristics of public investment management (PIM) in seven EU countries as it applies to a single sector transport infrastructure. The report highlights some of the common challenges that four relatively new EU member states Poland, Slovakia, Slovenia, and Latvia face as they plan and execute their transport infrastructure projects. It recognizes the importance that EU-mandated processes and procedures have in shaping national systems in the new member states (NMS), but the report finds that actual practices often fall short of EU goals due to capacity constraints, weak institutional structures, and other factors. The experiences of the NMS are compared with those of more developed economies (namely Spain, the UK, and Ireland) to assess whether the later countries have faced similar challenges in managing public investment, and if so, what measures they have adopted to overcome them. This comparative analysis serves to draw out several good practice examples that are relevant for all countries. How those practices are applied in each country is a matter for further study, as each country considers its own political culture and administrative tradition. This paper is a first step toward building dialogue among public finance practitioners in Central and Eastern Europe on how to make public investment projects more effective and efficient over the long term.
Strategic Transport Infrastructure Needs to 2030 by OECD Pdf
Transcontinental Infrastructure Needs to 2030/50 explores the long-term opportunities and challenges facing major gateway and transport hub infrastructures -- ports, airports and major rail corridors – in the coming decades.
The Development Dimension Road and Rail Infrastructure in Asia Investing in Quality by OECD Pdf
Road and Rail Infrastructure in Asia: Investing in Quality discusses the challenges facing the region and possible policy options, including those previously or currently used in Emerging Asian countries, with reference to the experiences of OECD member countries.
Infrastructure as an Asset Class by Barbara Weber,Mirjam Staub-Bisang,Hans Wilhelm Alfen Pdf
Clear, comprehensive guidance toward the global infrastructure investment market Infrastructure As An Asset Class is the leading infrastructure investment guide, with comprehensive coverage and in-depth expert insight. This new second edition has been fully updated to reflect the current state of the global infrastructure market, its sector and capital requirements, and provides a valuable overview of the knowledge base required to enter the market securely. Step-by-step guidance walks you through individual infrastructure assets, emphasizing project financing structures, risk analysis, instruments to help you understand the mechanics of this complex, but potentially rewarding, market. New chapters explore energy, renewable energy, transmission and sustainability, providing a close analysis of these increasingly lucrative areas. The risk profile of an asset varies depending on stage, sector and country, but the individual structure is most important in determining the risk/return profile. This book provides clear, detailed explanations and invaluable insight from a leading practitioner to give you a solid understanding of the global infrastructure market. Get up to date on the current global infrastructure market Investigate individual infrastructure assets step-by-step Examine illustrative real-world case studies Understand the factors that determine risk/return profiles Infrastructure continues to be an area of global investment growth, both in the developed world and in emerging markets. Conditions continually change, markets shift and new considerations arise; only the most current reference can supply the right information practitioners need to be successful. Infrastructure As An Asset Class provides clear reference based on the current global infrastructure markets, with in-depth analysis and expert guidance toward effective infrastructure investment.
Transport Trends and Economics 2016-2017 by United Nations. Economic Commission for Europe. Inland Transport Committee Pdf
During recent decades governments all around the world were faced with a complicated set of options for investing in transport, including transport infrastructure. This publication examines main principles for determining the most appropriate models for financing transport infrastructure expenditures but also illustrates and analyses many innovative ways to finance transport infrastructure. Financing, in this context, means the provision of money at the time and in the quantity, that is needed to meet society's transport infrastructure and transport service provision needs. Thus, financing is a basic underpinning of the entire process of providing and operating transport infrastructure. Accepting the view, that transport infrastructure is needed to provide a well-defined set of public services, at the highest-level financing the transport sector, including transport infrastructure expenditures, is fundamentally a sovereign task, which involves determining how much of the government's available (public) resources will be channelled into the transport infrastructure, during a given period, as opposed to other policy priorities. However, this report proves that this is not the case anymore. There are many other innovative ways from which transport infrastructure construction could be funded other than the government's available (public) resources.
Accessibility, Equity and Efficiency by Karst T. Geurs,Roberto Patuelli,Tomaz Ponce Dentinho Pdf
Leading researchers from around the world show, in this volume, the importance of accessibility in contemporary issues such as rural depopulation, investments in public services and public transport, and transport infrastructure investments in Europe. The trade-offs between accessibility, economic development and equity are comprehensively examined, and a variety of approaches to measuring accessibility and equality presented. The book’s interdisciplinary contributions also provide different geographical contexts, from the US to various European and developing countries, and cover ex ante and ex post evaluation of transport investment. Improving transport accessibility is a main objective in transport policy and planning in developed and developing countries all over the world. Investment is motivated by the need to develop and/or reduce spatial or social inequalities. However, the economic and equity implications of investments in transport are not straightforward. The concepts of accessibility and equity can be defined and operationalized in many different ways, influencing outcomes and conclusions. Moreover, equity and efficiency goals are often conflicting. Accessibility models not only help to explain spatial and transport patterns in developed and developing countries but are also powerful tools to explain the equity and efficiency impacts of urban and transport policies and projects. This state-of-the-art overview of the accessibility–economic efficiency–equity relationship will appeal to researchers as well as transport and urban planners interested in accessibility issues and transport/regional developments.
The Evaluation of Transportation Investment Projects by Joseph Berechman Pdf
Throughout the world, the use of some kind of a formal transportation project evaluation procedure is a requirement. Yet, by and large, these are partial; in fact, much weight is often placed on the initial -pre-engineering -phases of the planning process, when vital information, such as accurate costs and demand projections, is largely missing. Moreover, many of these procedures neglect to consider key issues such as project’s risks, capital costs financing, latent demand, market imperfections, labor force availability and various incompatibilities between trip rates, travel times and activity location. As a result, projects, which are judged as viable under such deficient evaluation schemes, may have had a significantly different projection of capital costs and demand should a well-founded, thorough, and efficient evaluation process be used. Against this background, this book’s main objective is to construct a comprehensive and methodical economic, planning and decision-making framework for the evaluation of proposed transportation infrastructure investment projects. Such a framework is founded on four key principles. It is based on well-established economic, transportation and policy-analysis theoretical principles; it is comprehensive enough to encompass all relevant evaluation issues; it is applicable to a wide range of transportation investment projects; and it is amenable to empirical application including a sensitivity analysis and alternative scenarios regarding urban, regional and national developments.
Benchmarking Infrastructure Using Public Investment Efficiency Frontiers by Mr. Javier Kapsoli,Ms. Tewodaj Mogues,Ms. Genevieve Verdier Pdf
With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure for many countries, particularly in the context of post-pandemic recovery and rising debt emanating from higher energy costs and other pressures. Estimating investment efficiency, however, presents many methodological pitfalls. Using various methods—–stochastic frontier analysis, data envelopment analysis (DEA), and bootstrapped DEA—this paper estimates efficiency scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency scores are relatively robust across methodologies and data used. A considerable efficiency gap exists: Removing all inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches—in particular, by 45 percent for advanced economies, 54 percent for emerging countries, and 65 percent for low income countries. Infrastructure output would increase by a still-sizeable 30 percent if instead of eliminating all efficiency, countries achieved the efficiency level of their income group’s 90th percentile.
Transport Infrastructure in Time, Scope and Scale by Björn Hasselgren Pdf
This book discusses the economics of transport infrastructure and the economic theorizing around transport infrastructure from 1850 to today. Transport infrastructure systems are continuously evolving over time. Since the mid-1800s these systems have grown in complexity and outreach. They have been important drivers of economic development but have also been important as economic agents in themselves. Over time transport infrastructure systems have taken on different functions as providers of simpler transport services or more developed value chain components. Transport infrastructure has also been a source for different arguments about economic theory and practice. Transport infrastructure systems are analysed from an institutional perspective where the long-term development of the ownership and financing of the systems, as well as the connection to different policy areas are elaborated. A longitudinal study of Sweden’s transport infrastructure policy is used to exemplify driving factors causing change and transformation of the systems over time with different scale and scope.
Moving Towards Low Carbon Mobility by Moshe Givoni,David Banister Pdf
ÔFor a thorough and thoughtful perspective on what it will take to de-carbonize cities of the future, this book is a must-read. Technology alone, we are told, will not create the post-carbon city. As important is coming to grips with a complex web of cultural, institutional, financial, and social factors that powerfully shape mobility choices, now and in the future. A balanced, holistic approach that reveals how the many elements of contemporary transport systems work together offers the best hope for achieving more sustainable, less carbon-intensive mobility futures.Õ Ð Robert Cervero, University of California, Berkeley, US ÔThis is not just another book about transport and climate change. It sensibly places transport within the much broader concept of mobility and explores all aspects of travel behaviour, of people and goods, and the infrastructure needs to serve these, leading to a balanced set of policy proposals. This volume, compiled by an internationally eminent team of researchers, is essential reading for all those wanting a balanced and objective analysis of this critical topic.Õ Ð Roger Vickerman, University of Kent, UK ÔA unique assemblage of papers by top international experts that together cover every aspect of the transport-mobility-environment relationship Ð todayÕs central issue for transport planners worldwide.Õ Ð Sir Peter Hall, University College London (UCL), UK The transport sector has been singularly unsuccessful in becoming low carbon and less resource intensive. This book takes an innovative and holistic social, cultural and behavioural perspective, as well as covering the more conventional economic and technological dimensions, to provide a more complete understanding of the mobility and transport system and its progress towards high carbon mobility. The book uses this platform to explore the means to achieve low carbon mobility through outlining alternative pathways, through an investigation of theories of change, and through alternative visions of the low carbon transport city. The bookÕs core message is that the complexity of the mobility and transport system should not encourage inaction, but strong and immediate action. In addition to implementing a wide range of policy measures, the book argues for a fundamental change in ÔthinkingÕ when it comes to transport policy, governance and analysis approaches, before low carbon mobility becomes a reality. Bringing together the latest thinking on transport, mobility and the environment, this book will appeal to researchers and students interested in sustainability issues and sustainable transport and transport related areas in particular, including policy makers as well as a more general professional audience.
Infrastructure to 2030 (Vol.2) Mapping Policy for Electricity, Water and Transport by OECD Pdf
This book assesses the long-term future viability of current business models in electricity, water, rail, and urban public transport and presents policy recommendations.