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Public Private Partnerships for Funding Transport Infrastructure:
Sources of Funding, Managing Risk and Optimism Bias


Paris, 27-28 September 2012


Summary and Conclusions

Better Regulation of Public-Private Partnerships for Transport Infrastructure
Stephen Perkins, International Transport Forum
Go to Discussion Paper  (2013-06)


Final Report

Better Regulation of Public-Private Partnerships for Transport Infrastructure
Roundtable 151, October 2013
Go to Report

Introductory Papers

Budgeting and Reporting for Public-Private Partnerships
Katja Funke, Timothy Irwin and Isabel Rial, Fiscal Affairs Department, International Monetary Fund
Go to Discussion Paper  (2013-07)
Go to Slides



The Fantasy World of Private Finance for Transport via Public-Private Partnerships
Jean Shaoul, Anne Stafford and Pamela Stapleton, Manchester Business School, University of Manchester, UK
Go to Discussion Paper
  (2012-06)
Other languages: Le rêve utopique du financement privé des transports par les partenariats public-privé.  Cliquez pour télécharger
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Alternative Ways of Financing Infrastructure Investment: Potential for 'Novel' Financing Models
Andrew Meaney and Peter Hope, Oxera Consulting Ltd, Oxford, UK
Go to Discussion Paper  (2012-07)
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A Roadmap to Funding Infrastructure Development
Carlos Ugarte, Gabriel Gutierrez and Nick Phillips, Cintra Infraestructuras, S.A., Spain
Go to Discussion Paper 
(2012-09)
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National Presentations

India:
Gajendra Haldea, Indian National Planning Commission

Model Concession Agreement for Highways: An Overview
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Public Private Partnership in National Highways: Indian Perspective
Go to Presentation 
Go to Discussion Paper 
(2013-11)


Japan:
Kazuaki MIYAMOTO, Tokyo City University
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OECD Recommendation on the Principles for Public Governance of PPPs
Go to Recommendations 



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Summary

Debate on the merits of alternative funding and financing models for investment in transport infrastructure have taken on increased urgency in the aftermath of the 2008 financial crisis, as governments in many countries adapt to a context of decreased availability of public funds. Even in the emerging economies, where growth is accompanied by a need for rapid improvement of infrastructure, demand for funding will likely not be matched by growth in savings. This intensifies the overall scarcity of capital everywhere. Governments respond by pursuing greater diversification in funding sources and financing techniques, highlighting the potential merits of public-private partnerships (PPPs) and infrastructure funds or infrastructure banks. Many Governments are considering the case for more widespread user charging as a funding source and several emphasise the merits of long-term returns from infrastructure investments for the portfolios of pension funds, insurance funds and sovereign wealth funds.

The roundtable aims to contribute to the evidence base for policy-making by investigating what funding sources and financing mechanisms fit specific circumstances best, how to allocate various types of risk, how to minimise distortions and strategic behavior. Discussions will include consideration of the potential for alternative financing methods to improve on PPPs.