Download or read book Privately Financed Roads in Britain written by Robert Bain, Etc and published by Lulu.com. This book was released on 2009-04 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Privately Financed Roads in Britain: A Policy Assessment' critically examines the role of private finance in the construction, operation, maintenance and management of modern highways. The focus is on the UK's Private Finance Initiative (PFI) yet many of the lessons learned retain a currency in the context of international public-private partnerships. Separate chapters cover: Public Policy Objectives; Key Project-Level Risks (construction and traffic); Value for Money and Public Sector Comparators; The Financial Architecture of Private Sector Road Operating Companies; Strengths and Weaknesses of the Privately-Financed Roads Model; Alternative Debt/Equity Structuring; and Containing Private Financing Costs.
Download or read book The Private Financing of Road Infrastructure written by David Nicholas Martin Starkie and published by . This book was released on 1990 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Technical Development of Roads in Britain written by Graham West and published by Routledge. This book was released on 2019-05-07 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2003. The history of roads in Great Britain has not been one of steady development, but rather, one that has waxed and waned in response to social, military and economic needs, and also as to whether there have been alternative methods of transport available. Paralleling this, the technical aspects of road construction - with the one great exception of Roman roads - can be seen as a fitful progression of improvement followed by neglect as the roadmaker has responded, albeit tardily on occasion, to the needs of the road user. This text describes the technical development of British roads in relation to the needs of the time, and thereby touches upon its relation to the history of the country more generally.
Download or read book Why Does Policy Change written by Dr Geoffrey Dudley and published by Routledge. This book was released on 2004-08-02 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why Does Policy Change? uses detailed case-studies from British transport policy since 1945 to examine and explain the dynamics of major policy change.
Download or read book The Changing Geography of the UK written by Hugh Matthews and published by Routledge. This book was released on 2002-03-11 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 2000. Within the last decade the UK has undergone major shifts in terms of its land, economy, society, polity and environment, all of which have had a profound effect on the geographical landscape. This fully revised edition of a widely-appreciated book presents a full description and interpretation of the changes that have occurred during the 1990s. It includes a great deal of new material from a revised team of contributors.
Download or read book Toll Road Traffic and Revenue Forecasts written by Robert Bain and published by Lulu.com. This book was released on 2009 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Toll roads, bridges and tunnels represent the most popular class of infrastructure attracting international private finance today. Many deals, however, expose financiers, insurers and other project counterparties to demand risk. This moves traffic and revenue forecasts centre-stage in terms of being able to understand and test the investment proposition - yet the forecasting process itself often remains a mystery. Additionally, there are frequent concerns about predictive reliability. Written specifically for credit analysts, investors and other professionals whose primary expertise lies outside transportation, this book lifts the lid on the 'black box' of traffic and revenue forecasting. The author, Robert Bain (ex-S&P and a civil engineer with 20+ years of forecasting experience) has prepared a straightforward guide which highlights key issues to watch for and suggests ways in which the forecasts can be analysed to improve transparency and investor understanding.
Download or read book Procurement and Financing of Motorways in Europe written by Giorgio Ragazzi and published by Elsevier. This book was released on 2005-12-02 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume raises many challenging and controversial issues surrounding motorway procurement and finance in Europe. A somewhat surprising outcome is that a general appraisal bias can be identified in the following sense: Experts from countries which have introduced concession schemes for managing and financing of their motorways are very critical of these schemes, stressing their shortcomings and caveats. Some even conclude that public management under a regime of welfare maximisation would be desirable as a sustainable option. Experts from countries which have been sticking to public procurement and tax finance of motorways strongly attack the inefficiency of public planning regimes and the general tendency to allocate the revenues from special transport related taxes to the public budget, eventually spending them on other purposes rather than transport. A typical feature of the latter regime seems to be the chronic lack of funds for infrastructure investment. Although a single ideal country concept for motorway procurement and finance obviously cannot be identified, every paper gives some insights into possible future improvements. Therefore, beyond the rich documentation of national solutions it is the perspective on workable future concepts which makes the book a valuable guide through the jungle of manifold options for public/private partnerships. This book is a selection of papers presented to the international conference "Highways: Costs and Regulation in Europe", held in Bergamo on the 26th - 27th of November 2004. The Conference was organised by the University of Bergamo, and sponsored by the European Investment Bank.
Download or read book Road Congestion Pricing in Europe written by Harry Ward Richardson and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this book is an interesting collection of papers on the topic of road congestion pricing. . . The reader should find this collection to be both interesting and informative, but also quite thought-provoking. . . The papers also provide some very useful information about projects that have not worked or have not been implemented for various reasons and lessons that can be learnt from failures to implement and failures of pricing schemes. Peter R. Stopher, International Planning Studies In February 2003, the London Congestion Charging Scheme was introduced and in 2006 a similar policy was introduced in Stockholm. In both cases automobile traffic entering the cordon declined by about 20 percent. This book evaluates these and other similar programs exploring their implications for the United States. While there is increasing interest in road pricing in the US in many individual states, the motivation is often highway financing rather than congestion relief. The contributors argue that the prospects for extensive implementation in the US remain uncertain. Nevertheless, this book illustrates that the European experience suggests political feasibility is much less of a hurdle than was once considered and that congestion pricing would have a significant impact in reducing traffic as it did in Europe. This study s value lies in the fact that it examines road pricing in the real world and not simply from a theoretical viewpoint. As a comparative study it will appeal to both policymakers and academics in transportation economics and planning, urban economics, planning and economic geography.
Download or read book Procurement of the M25 private finance contract written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-11-19 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The slowness with which the Highways Agency's PFI contract to widen the M25 was taken forward resulted in higher financing costs in the credit crisis. Moreover, the Agency was slow to investigate a potentially cheaper alternative to widening. An 18-month delay in preparing and finalizing the widening procurement meant that the contract was let in May 2009 at the height of the credit crisis. This increased the net present cost of the deal by £660 million (24 per cent) to £3.4 billion. The case for PFI was less convincing than the Agency thought owing to shortcomings in its cost estimation process. The Government had announced in 2003 its intention to reduce congestion on the M25. The Agency was starting to carry out trials at that time of an alternative, potentially cheaper solution of hard shoulder running (allowing drivers to use the hard shoulder at times of peak congestion), first tested in Europe in 1996. The NAO estimates the savings from a conventionally procured hard shoulder running solution might range between £400 million and £1.1 billion. The Agency, however, doubted the technique's suitability for one of the sections of the M25 being widened which has high traffic flow and whether operation and maintenance savings could be achieved through conventional procurement
Download or read book The Parliamentary Debates Hansard written by Great Britain. Parliament. House of Lords and published by . This book was released on 1995 with total page 1210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains the 4th session of the 28th Parliament through the session of the Parliament.
Download or read book Public Private Partnerships written by E. R. Yescombe and published by Elsevier. This book was released on 2011-04-01 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains: * The different types of PPPs and how these have developed * Why PPPs are attractive to governments * General policy issues for the public sector in developing a PPP programme * PPP procurement procedures and bid evaluation * The use of project-finance techniques for PPPs * Sources of funding * Typical PPP contracts and sub-contracts, and their relationship with the project’s financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties * Structuring the investment and debt financing * The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing. *Reviews the PPP policy framework and development from an international perspective *Covers public- and private-sector financial analysis, structuring and investment in PPPs *No prior knowledge of project financing required
Download or read book Financial Black Holes written by Jean Shaoul and published by . This book was released on 2008-01-01 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Infrastructure to 2030 Vol 2 Mapping Policy for Electricity Water and Transport written by OECD and published by OECD Publishing. This book was released on 2007-08-17 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book assesses the long-term future viability of current business models in electricity, water, rail, and urban public transport and presents policy recommendations.
Download or read book Transport Policy and Planning in Great Britain written by Peter Headicar and published by Routledge. This book was released on 2009-04-08 with total page 495 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical overview of the nature, evolution and contemporary challenges of transport policy and planning at the national and local scale while expanding on procedural mechanisms and forging much-needed links with the related discipline of spatial planning.
Download or read book M25 private finance contract written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-02-08 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: In May 2009 the Highways Agency signed a 30 year private finance contract for widening two sections of the M25 motorway, including the Dartford Crossing, and maintaining the entire 125 mile length of the road, and 125 miles of connecting roads and motorways. The Committee makes eight points in conclusion of its review of the contract: they do not agree that the PFI contract represents value for money; the £80 million spent on consultants over six years for this project was excessive; the Agency lacks the capacity to assess whether its advisers are providing value for money; the Agency significantly over-estimated the market rate for operation and maintenance; the invitation to tender was too narrowly drawn as it excluded hard should running as a solution for traffic congestion; the Agency persisted with its preferred solution of widening the M25 because of the time taken to trial hard shoulder running; the Agency appeared to be committed to a single procurement route & justified a widening deal through a flawed and biased cost estimation; evidence could not be taken from the Senior Responsible Owner of the project as he had left the Agency and was employed by one of the project's major contractors and investors. Ultimately the Committee believe that the project was mishandled at a potential extra cost to the taxpayer of around £1 billion
Download or read book Commercial Management and Financing of Roads written by Ian Graeme Heggie and published by World Bank Publications. This book was released on 1998-01-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Printed on Demand. Limited stock is held for this title. If you would like to order 30 copies or more please contact [email protected] Contact [email protected], if currently unavailable. In developing and transition economies, 60 to 80 percent of all passenger and freight transport moves by road-the main form of access for most rural communities. Yet most of the 11 million kilometers of roads in these economies are badly maintained and poorly managed. This paper discusses one of the most effective ways to promote sound policies for managing and financing road networks--commercialization. It discusses the emerging central concept of bringing roads into the marketplace, putting them on a fee-for-service basis, and managing them like a business.
Download or read book New Roads by New Means written by Great Britain. Department of Transport and published by . This book was released on 1989 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: A "Green Paper"
