» Home        Investing in transport infrastructure: institutional design and efficiency Prof. Peter Forsyth, Monash University, Australia Abstract This paper focuses on the task of designing institutions to promote efficiency in investment in transport infrastructure, such as airports, ports, roads and rail. The scope for competition in provision of these facilities is examined, but in many cases it is quite limited. Alternative institutional arrangements include provision by public enterprises, by private but regulated enterprises, and by hybrid forms such as Public Private Partnerships. Australia as extensive experience in all of these arrangements, and the difficulties in achieving adequate but not excessive investment is examined in the light of this experience. Some problems are given particular attention – these include regulatory gaming, the lack of independent evaluation of projects, the pressures from regional governments for excessive investment and the difficulties in allocating risks and responsibilities between parties. « Back to Abstracts  ©2007 Center for Transportation Studies, UBC. All rights reserved. | Privacy Policy