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Financing sustainable urban transport: International review of national urban transport policies and programmes
Posted on: 10 September 2013
By: mackene
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Filed under: News
The study presents an analysis of a variety of financing and planning practices world-wide in order to help decision-makers identify suitable elements for their local context. While focusing on decision-makers in China, the study is also relevant for other countries facing similar challenges. It presents insights into financing arrangements for urban transport in eight countries: Brazil, Colombia, France, Germany, India, Mexico, the United Kingdom and the United States of America.
Quality of government and the returns of investment: Examining the impact of cohesion expenditure in European regions
Posted on: 16 July 2013
By: mackene
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Filed under: News
This paper sets out to examine the impact of the quality of local and regional governments on the returns of investment, focusing on the returns of EU structural and cohesion funds. Despite the widespread belief that the quality of government affects the returns of public investments, whether this is effectively the case has seldom been proved. The results of the analysis underline the importance of the quality of government both as a direct determinant of economic growth, as well as a moderator of the efficiency of structural and cohesion funds expenditure. The analysis finds that both EU investments targeting regions and quality of government make a difference for regional economic growth, but that above a significant threshold level of expenditure, the quality of government is the key factor determining the returns of public investment. In many of the regions receiving the bulk of structural funds, greater levels of cohesion expenditure would, in the best case scenario, only lead to a marginal improvement in economic growth, unless the quality of government is significantly enhanced.
The future of Private Finance Initiative
Posted on: 4 July 2013
By: mackene
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Filed under: News
This report presents a timely and credible evidence base to enable RICS to inform and guide members and other key stakeholder groupings on the challenges and opportunities afforded by Private Public Partnerships.
Mobilising private investment in sustainable transport: The case of land-based passenger transport infrastructure
Posted on: 4 June 2013
By: mackene
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Filed under: News
This report aims to advise governments from developed and developing countries on a broad mix of policy tools and instruments that they can use at the national or sub-national levels, to scale-up private investment in sustainable transport infrastructure and shift investment away from carbon-intensive road transport. These include regulations, pricing instruments, innovative financial tools and risk-sharing mechanisms. The focus of this report is on land-based transport infrastructure for passenger use, including passenger rail, bus rapid transit systems, metros, non-motorised transportation and electric vehicle charging infrastructure.
The potential of private institutional investors for financing transport infrastructure
Posted on: 4 June 2013
By: mackene
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Filed under: News
This paper seeks to shed light on the complex nature of institutional investment in the transportation sector. This is achieved by examining the different investment vehicles that have developed in financial markets to provide opportunities for institutional investors.
Funding urban public transport: Case study compendium
Posted on: 3 June 2013
By: mackene
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Filed under: News
This compendium of case studies on urban public transport funding was developed as an input to the 2013 International Transport Forum Summit on Funding Transport (May 22-24, Leipzig). It serves to illustrate a variety of urban contexts, public transport service services and funding mechanisms in a selection of International Transport Forum countries. The cities covered are: Beijing, Chicago, London, Madrid, Oslo, Paris, Portland, Seoul, Shenzhen and Tokyo.
Funding transport. Leipzig, 22-24 May 2013
Posted on: 3 June 2013
By: mackene
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Filed under: Events presentations, News
This annual summit of the International Transport Forum considered how to solve transport’s funding dilemma. Videos of the event are available online together with the latest issue of Motion magazine which covers this topic.
Raising the capital: The report of the London Finance Commission
Posted on: 15 May 2013
By: mackene
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Filed under: News
This is the final report of the London Finance Commission. The Commission was established by the Mayor after his election in May 2012 to help improve the tax and public spending arrangements for London in order to promote jobs and growth. The report argues that funding arrangements in London should allow London government to make additional self-determined investments in its own infrastructure both to cater for the growth already forecast for its population and economy, and to promote additional economic growth.
Planning for economic infrastructure
Posted on: 29 April 2013
By: mackene
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Filed under: News
The House of Commons Public Accounts Committee has published a report of an inquiry which examined planning for economic infrastructure. .on the basis of evidence from participants in the infrastructure sector, the Treasury, the Department for Transport and the Department for Energy and Climate Change.
Have EU structural measures successfully supported the regeneration of industrial and military brownfield sites?
Posted on: 26 April 2013
By: mackene
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Filed under: News
A new report from the European Court of Auditors, the EU spending watchdog, calls on the European Commission to improve the running of regeneration projects on brownfield. Sites, former industrial and military areas which are often derelict and contaminated. The Auditors found that results could have been achieved at a reduced cost to national and EU budgets because the need for public funding was not always established and rules governing EU funded regeneration projects do not sufficiently allow public money to be clawed back if projects generate more revenue than expected. They also found that the ‘polluter pays’ principle has not been fully applied so that national and EU funds have borne part of the cost of environmental clean-ups.
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