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Full Description
This Companion examines the myriad ways in which transport infrastructure projects are being affected by global megatrends. Leading scholars address how urbanisation, climate change, technological disruption and fiscal constraints are collectively challenging traditional models of planning, delivery and operation.Integrating economic, technical and policy-oriented perspectives, chapters explore three key dimensions: planning, construction and financing. Contributing authors evaluate how transport infrastructure projects are conceived and legitimised in different regulatory and institutional environments, particularly within public-private partnerships. They investigate the construction, maintenance and renewal of transport assets on an operational level, highlighting how they can be managed more efficiently and sustainably. By analysing empirical evidence on cost performance and fiscal outcomes, the book outlines the impact of various models on project outcomes, risk allocation and the long-term value of infrastructure.
Providing a comprehensive analysis of current research and directions for future inquiry, The Elgar Companion to Transport Infrastructure Projects is a valuable resource for scholars and students of civil engineering, public economics and public administration. Policymakers and practitioners will similarly benefit from its actionable guidance on planning and management.
Contents
Contents
1 Introduction 1
Carlos Oliveira Cruz and Joaquim Miranda Sarmento
PART I PLANNING AND REGULATION
2 Strategies for managing communities through the lifecycle of large-scale transport infrastructure 8
Johan Ninan, Ashwin Mahalingam, and Stewart Clegg
3 Regulation in the implementation of public-private partnerships 24
Kenneth Button
4 Analysis of value for money (VfM) using the Public Sector Comparator (PSC) in transport PPP projects 46
Nakhon Kokkaew and Tanit Tongthong
5 Rethinking the role of impacted and interested stakeholders: evidence from user-pay transport PPP projects 76
Gabriel Castelblanco and Jose Guevara
6 Embedding resilience in infrastructure planning and design 96
Ali Shoaei
PART II CONSTRUCTION AND MAINTENANCE
7 Revaluing maintenance and renewals in transport infrastructure: a UK perspective 114
Paul Beckford, Carter B. Casady, and Peter Jones
8 Asset management and decision-making in transport infrastructure projects: a MCDA model for maintenance and rehabilitation investments 131
Vítor Faria e Sousa, Álvaro Costa, Carlos Silva, and Alexandra Oliveira
9 An international comparison of cost deviations and overruns in public projects 153
Francisco Pinheiro Catalão, Carlos Oliveira Cruz, and Joaquim Miranda Sarmento
PART III FINANCING, FISCAL, AND ECONOMIC PERFORMANCE
10 Governance of PPP infrastructure projects: a variable capital structure valuation approach 170
João Monteiro Pinto, Mário Coutinho dos Santos, and Pedro Verga Matos
11 Asset-based structured finance of infrastructure projects 187
João Monteiro Pinto and Mário Coutinho dos Santos
12 Analysis on the effects of economic shocks on economic and technical efficiency of transport firms 222
Álvaro Costa, Carlos Oliveira Cruz, Joaquim Miranda Sarmento, and Vítor Faria e Sousa
13 The fiscal cost of renegotiations of road public-private partnerships 239
Francisco Pinheiro Catalão, Carlos Oliveira Cruz, and Joaquim Miranda Sarmento
14 Conclusion 259
Carlos Oliveira Cruz and Joaquim Miranda Sarmento
