Urban Transport : Can Public-Private Partnerships Work?
Cities exist, grow, and prosper because they take advantage of scale economies and specialization wrought by agglomeration. But output growth inevitably stresses transport infrastructure because production requires space and mobility. To prevent co...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/11/18868563/urban-transport-can-public-private-partnerships-work http://hdl.handle.net/10986/17595 |
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okr-10986-17595 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCIDENTS ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS APPROPRIATIONS ASSET OWNERSHIP BALANCE SHEET BASIS POINTS BID BIDS BOND BOND FINANCING BONDHOLDER BONDHOLDERS BONDS BRIDGE BUY BACK CAPACITY EXPANSION CAPITAL MARKET CAPITAL REQUIREMENTS CAR CAR TRAVEL CARS CASH FLOWS CITIES CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CONTRACT DESIGN CONTRACT MONITORING CONTRACT RENEGOTIATION CONTRACTUAL OBLIGATION COST OF CAPITAL COUNTRY RISK COUNTY TRANSPORTATION DAILY TRIPS DEBT DECENTRALIZATION DEFAULT RISK DISCOUNT RATE DRIVING ECONOMIC PERFORMANCE EFFICIENT SCALE OF OPERATION ELASTICITY ELASTICITY OF DEMAND ELECTRICITY EXCHANGE RATE EXPRESS LANES EXPROPRIATION EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SUPPORT FINANCIAL VIABILITY FRANCHISE AGREEMENT FREEWAY FUTURE DEMAND GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GOVERNMENT SPENDING GROWTH RATES HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROJECTS HIGHWAYS INCOME INCOME ELASTICITY INFRASTRUCTURE COSTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INSTITUTIONAL REFORM INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL TRADE LENDER LOCAL GOVERNMENTS MAINTENANCE CONTRACTORS MARKET DISCIPLINE MARKET ECONOMY MOBILITY MORAL HAZARD MOTOR VEHICLES MOTORISTS MUNICIPALITIES NATIONAL GOVERNMENTS NEGATIVE EXTERNALITIES NOISE OPERATING EXPENSES PIERS PLEDGES POLLUTION POWER PRESENT VALUE PRINCIPAL PAYMENT PRIVATE FINANCING PRIVATE PARTY PROPERTY RIGHTS PROVISIONS PRUDENTIAL REGULATION PUBLIC PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC MANAGER PUBLIC MANAGERS PUBLIC PROJECTS PUBLIC PROVISION PUBLIC SECTOR PUBLIC TOLL ROADS PUBLIC TRANSPORTATION PUBLIC WORKS REGULAR PAYMENTS RENEGOTIATIONS RESERVE RETURN RETURNS REVENUE COLLECTION RISK SHARING ROAD ROAD EXPENDITURES ROAD USERS ROADS ROUND TRIP ROUTE SAVINGS SERVICE PROVIDERS SETTLEMENT SHAREHOLDERS SPRAWL STREET MAINTENANCE STREETS TAX TAX REVENUE TAX REVENUES TOLL TOLL INCREASES TOLL MOTORWAYS TOLL REVENUES TOLL ROAD TOLL ROADS TOLL SCHEDULE TOLLS TRAFFIC TRAFFIC GROWTH TRANSFER RISKS TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT POLICY TRANSPORTATION AUTHORITY TRANSPORTATION PROJECTS TRANSPORTATION RESEARCH TRUE TUNNELS URBAN HIGHWAYS URBAN LIFE URBAN PLANNERS URBAN ROAD URBAN ROAD CAPACITY URBAN ROAD CAPACITY POLICY USER CHARGES VALUATION VEHICLE VEHICLE TRIPS |
| spellingShingle |
ACCIDENTS ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS APPROPRIATIONS ASSET OWNERSHIP BALANCE SHEET BASIS POINTS BID BIDS BOND BOND FINANCING BONDHOLDER BONDHOLDERS BONDS BRIDGE BUY BACK CAPACITY EXPANSION CAPITAL MARKET CAPITAL REQUIREMENTS CAR CAR TRAVEL CARS CASH FLOWS CITIES CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CONTRACT DESIGN CONTRACT MONITORING CONTRACT RENEGOTIATION CONTRACTUAL OBLIGATION COST OF CAPITAL COUNTRY RISK COUNTY TRANSPORTATION DAILY TRIPS DEBT DECENTRALIZATION DEFAULT RISK DISCOUNT RATE DRIVING ECONOMIC PERFORMANCE EFFICIENT SCALE OF OPERATION ELASTICITY ELASTICITY OF DEMAND ELECTRICITY EXCHANGE RATE EXPRESS LANES EXPROPRIATION EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SUPPORT FINANCIAL VIABILITY FRANCHISE AGREEMENT FREEWAY FUTURE DEMAND GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GOVERNMENT SPENDING GROWTH RATES HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROJECTS HIGHWAYS INCOME INCOME ELASTICITY INFRASTRUCTURE COSTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INSTITUTIONAL REFORM INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL TRADE LENDER LOCAL GOVERNMENTS MAINTENANCE CONTRACTORS MARKET DISCIPLINE MARKET ECONOMY MOBILITY MORAL HAZARD MOTOR VEHICLES MOTORISTS MUNICIPALITIES NATIONAL GOVERNMENTS NEGATIVE EXTERNALITIES NOISE OPERATING EXPENSES PIERS PLEDGES POLLUTION POWER PRESENT VALUE PRINCIPAL PAYMENT PRIVATE FINANCING PRIVATE PARTY PROPERTY RIGHTS PROVISIONS PRUDENTIAL REGULATION PUBLIC PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC MANAGER PUBLIC MANAGERS PUBLIC PROJECTS PUBLIC PROVISION PUBLIC SECTOR PUBLIC TOLL ROADS PUBLIC TRANSPORTATION PUBLIC WORKS REGULAR PAYMENTS RENEGOTIATIONS RESERVE RETURN RETURNS REVENUE COLLECTION RISK SHARING ROAD ROAD EXPENDITURES ROAD USERS ROADS ROUND TRIP ROUTE SAVINGS SERVICE PROVIDERS SETTLEMENT SHAREHOLDERS SPRAWL STREET MAINTENANCE STREETS TAX TAX REVENUE TAX REVENUES TOLL TOLL INCREASES TOLL MOTORWAYS TOLL REVENUES TOLL ROAD TOLL ROADS TOLL SCHEDULE TOLLS TRAFFIC TRAFFIC GROWTH TRANSFER RISKS TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT POLICY TRANSPORTATION AUTHORITY TRANSPORTATION PROJECTS TRANSPORTATION RESEARCH TRUE TUNNELS URBAN HIGHWAYS URBAN LIFE URBAN PLANNERS URBAN ROAD URBAN ROAD CAPACITY URBAN ROAD CAPACITY POLICY USER CHARGES VALUATION VEHICLE VEHICLE TRIPS Engel, Eduardo Galetovic, Alexander Urban Transport : Can Public-Private Partnerships Work? |
| description |
Cities exist, grow, and prosper because
they take advantage of scale economies and specialization
wrought by agglomeration. But output growth inevitably
stresses transport infrastructure because production
requires space and mobility. To prevent congestion from
crowding out agglomeration benefits and to expand the supply
of urban land, cities must invest in transport
infrastructure. Building more infrastructures, especially
highways, just fosters sprawl and fails to reduce congestion
that people respond to more capacity by driving more and
wasting even more time. In this view, a central task for
policy makers and planners is to curb the preference for
cars. Proponents of this view advocate subsidizing public
transportation; enacting taxes and restrictions to raise the
costs of owning and driving cars; and establishing zoning
regulations to foster compact living, shrink the spatial
distribution of activities, and reduce the number of vehicle
trips. Yet urban planners often lack formal and real
authority to cut through the bureaucratic web of multiple
authorities and jurisdictions. Can public-private
partnerships (PPPs) deal with these problems better than
conventional public provision and ensure proper maintenance,
timely expansion, and less congestion?, is discussed in this report. |
| format |
Publications & Research :: Working Paper |
| author |
Engel, Eduardo Galetovic, Alexander |
| author_facet |
Engel, Eduardo Galetovic, Alexander |
| author_sort |
Engel, Eduardo |
| title |
Urban Transport : Can Public-Private Partnerships Work? |
| title_short |
Urban Transport : Can Public-Private Partnerships Work? |
| title_full |
Urban Transport : Can Public-Private Partnerships Work? |
| title_fullStr |
Urban Transport : Can Public-Private Partnerships Work? |
| title_full_unstemmed |
Urban Transport : Can Public-Private Partnerships Work? |
| title_sort |
urban transport : can public-private partnerships work? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/11/18868563/urban-transport-can-public-private-partnerships-work http://hdl.handle.net/10986/17595 |
| _version_ |
1764437935046787072 |
| spelling |
okr-10986-175952021-04-23T14:03:39Z Urban Transport : Can Public-Private Partnerships Work? Engel, Eduardo Galetovic, Alexander ACCIDENTS ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS APPROPRIATIONS ASSET OWNERSHIP BALANCE SHEET BASIS POINTS BID BIDS BOND BOND FINANCING BONDHOLDER BONDHOLDERS BONDS BRIDGE BUY BACK CAPACITY EXPANSION CAPITAL MARKET CAPITAL REQUIREMENTS CAR CAR TRAVEL CARS CASH FLOWS CITIES CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CONTRACT DESIGN CONTRACT MONITORING CONTRACT RENEGOTIATION CONTRACTUAL OBLIGATION COST OF CAPITAL COUNTRY RISK COUNTY TRANSPORTATION DAILY TRIPS DEBT DECENTRALIZATION DEFAULT RISK DISCOUNT RATE DRIVING ECONOMIC PERFORMANCE EFFICIENT SCALE OF OPERATION ELASTICITY ELASTICITY OF DEMAND ELECTRICITY EXCHANGE RATE EXPRESS LANES EXPROPRIATION EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SUPPORT FINANCIAL VIABILITY FRANCHISE AGREEMENT FREEWAY FUTURE DEMAND GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GOVERNMENT SPENDING GROWTH RATES HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROJECTS HIGHWAYS INCOME INCOME ELASTICITY INFRASTRUCTURE COSTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INSTITUTIONAL REFORM INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL TRADE LENDER LOCAL GOVERNMENTS MAINTENANCE CONTRACTORS MARKET DISCIPLINE MARKET ECONOMY MOBILITY MORAL HAZARD MOTOR VEHICLES MOTORISTS MUNICIPALITIES NATIONAL GOVERNMENTS NEGATIVE EXTERNALITIES NOISE OPERATING EXPENSES PIERS PLEDGES POLLUTION POWER PRESENT VALUE PRINCIPAL PAYMENT PRIVATE FINANCING PRIVATE PARTY PROPERTY RIGHTS PROVISIONS PRUDENTIAL REGULATION PUBLIC PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC MANAGER PUBLIC MANAGERS PUBLIC PROJECTS PUBLIC PROVISION PUBLIC SECTOR PUBLIC TOLL ROADS PUBLIC TRANSPORTATION PUBLIC WORKS REGULAR PAYMENTS RENEGOTIATIONS RESERVE RETURN RETURNS REVENUE COLLECTION RISK SHARING ROAD ROAD EXPENDITURES ROAD USERS ROADS ROUND TRIP ROUTE SAVINGS SERVICE PROVIDERS SETTLEMENT SHAREHOLDERS SPRAWL STREET MAINTENANCE STREETS TAX TAX REVENUE TAX REVENUES TOLL TOLL INCREASES TOLL MOTORWAYS TOLL REVENUES TOLL ROAD TOLL ROADS TOLL SCHEDULE TOLLS TRAFFIC TRAFFIC GROWTH TRANSFER RISKS TRANSPORT TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT POLICY TRANSPORTATION AUTHORITY TRANSPORTATION PROJECTS TRANSPORTATION RESEARCH TRUE TUNNELS URBAN HIGHWAYS URBAN LIFE URBAN PLANNERS URBAN ROAD URBAN ROAD CAPACITY URBAN ROAD CAPACITY POLICY USER CHARGES VALUATION VEHICLE VEHICLE TRIPS Cities exist, grow, and prosper because they take advantage of scale economies and specialization wrought by agglomeration. But output growth inevitably stresses transport infrastructure because production requires space and mobility. To prevent congestion from crowding out agglomeration benefits and to expand the supply of urban land, cities must invest in transport infrastructure. Building more infrastructures, especially highways, just fosters sprawl and fails to reduce congestion that people respond to more capacity by driving more and wasting even more time. In this view, a central task for policy makers and planners is to curb the preference for cars. Proponents of this view advocate subsidizing public transportation; enacting taxes and restrictions to raise the costs of owning and driving cars; and establishing zoning regulations to foster compact living, shrink the spatial distribution of activities, and reduce the number of vehicle trips. Yet urban planners often lack formal and real authority to cut through the bureaucratic web of multiple authorities and jurisdictions. Can public-private partnerships (PPPs) deal with these problems better than conventional public provision and ensure proper maintenance, timely expansion, and less congestion?, is discussed in this report. 2014-04-02T20:09:07Z 2014-04-02T20:09:07Z 2013-11 http://documents.worldbank.org/curated/en/2013/11/18868563/urban-transport-can-public-private-partnerships-work http://hdl.handle.net/10986/17595 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research |