Toll Road PPPs: Identifying, Mitigating and Managing Traffic Risk
Public-private partnerships (PPPs) are often viewed as the ideal solution for governments balancing limited budgets and growing infrastructure demands.
Public-private partnerships (PPPs) are often viewed as the ideal solution for governments balancing limited budgets and growing infrastructure demands. However, as the failure of some high-profile toll-highway PPPs illustrates, implementing such projects is often not as straightforward as many governments envision. One of the most common factors contributing to these failures is traffic volumes that turn out to be significantly different from what was originally forecast. This risk of actual traffic being lower (or higher) than forecast, and the inaccuracy of traffic forecasts, is referred to as traffic risk.
The new PPIAF and Global Infrastructure Facility publication: Toll Road PPPs: Identifying, Mitigating and Managing Traffic Risk attempts to provide practical guidance with perspectives from the different parties that operate in a typical highway PPP including the perspectives of a grantor, a financier and a traffic forecaster.
Anita Mauchan, Director at Steer Davies Gleave and co-author of the book, will be speaking in the World Bank Group's upcoming webinar, 'Toll Road PPPs: identifying, mitigating and managing traffic risk”. The webinar will take place on October 31, 10:00 - 11:00 EST.
