Factoring sustainable development into the appraisal of investment projects is a topical issue at both the analytical and the decision-making level. In the area of analysis, we find numerous studies and research projects devoted to the assessment of environmental damage and its translation into...

It is widely held that large institutional investors such as pension funds and sovereign wealth funds with long term liabilities and a low risk appetite are ideally suited to invest in transportation infrastructure assets. Despite the theoretical ideal match between a large source of capital and...

This paper discusses the initiatives and procedures necessary for the successful development of large-scale transportation PPP projects from a developer's point of view. The topics covered in this paper include: -Project Procurement, -Proper Risk Allocation, -Direct Investments by Pension Funds,...

This paper examines the issue of financing infrastructure investment projects. It looks closely at what the market failures are that mean the private sector has not been able to cover the investment requirement itself. It will then assess the government failures associated with intervention, and...

Mathematical optimisation models, supported by suitable data, can assist decision making about allocating funds between alternative maintenance tasks and about the size of the maintenance budget. The maintenance optimisation problem is, in essence, to find the optimum balance between the costs...

This paper considers the choice between different approaches to contract for the construction and maintenance of infrastructure projects. The need to control for user costs over the life cycle of an asset is demonstrated to be a core aspect of contract design. The more likely it is that a...