PPPs for Transit Oriented Development – 4 Options

Hale, Chris (2008). PPPs for Transit Oriented Development – 4 Options. In: Third International Conference on Funding Transportation Infrastructure, Paris, France, (1-25). 19-20 June 2008.

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Author Hale, Chris
Title of paper PPPs for Transit Oriented Development – 4 Options
Conference name Third International Conference on Funding Transportation Infrastructure
Conference location Paris, France
Conference dates 19-20 June 2008
Place of Publication Paris, France
Publisher Paris School of Economics (PSE)
Publication Year 2008
Year available 2008
Sub-type Fully published paper
Start page 1
End page 25
Total pages 25
Language eng
Formatted Abstract/Summary
A look at potential project structures for use in integrated land use and mass transit projects. Four potential structures are put forward – each with different profiles of public sector involvement. The dedicated pursuit of Transit Oriented Development involves significant policy challenges, implications and opportunities.

Over the past decade and more, many countries and regions have moved toward the mainstreaming of PPPs. The British approach to PPPs has been adopted in other contexts such as in state-level government in Australia. While the concept emerged as a “new approach” to infrastructure implementation, official policies on acceptable PPP approaches and structures quickly developed a rigid outlook. Some basic PPP assumptions on the nature of partnerships, and on topics such as the allocation of risk, may need fundamental re-assessment.

Transit Oriented Development (TOD) tends to involve significant input from the public sector and the private. The most effective approach to combining the strengths of each sector in major projects has long been debated, though few firm policy options have been put forward. Options for project structure are generally unclear and uncertain. The stakes are high because these projects involve long-term land use and transport changes, and the creation of new and significant living and working environments. Large financial
commitments are involved. Perhaps by clarifying the options for TOD project structure we can deliver more certainty and workability and assist the progress of these projects.

The paper presents four potential models for TOD projects, all of which might be regarded as PPPs (depending on the acceptable definition). The focus is on clarity in financial arrangements and management structures for effective project delivery.
Subjects 290803 Transport Engineering
8801 Ground Transport
090507 Transport Engineering
Q-Index Code E1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Conference Paper
Collections: School of Civil Engineering Publications
ERA 2012 Admin Only
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Created: Wed, 03 Sep 2008, 19:56:28 EST by Phil Charles on behalf of School of Civil Engineering