Financing Transport Projects

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Matthew R

 

Date added:

December 28, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 859

 

Was viewed:

1981 times

 

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Essay content:

Until the beginning of the 17th century it was largely privately financed. The state took over until the last two decades of the twentieth century. And now there is a revival of the involvement of the private sector in financing infrastructure. Additionally, transport has become a commodity and is securitized, as we shall see...
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Embedded in every public good there is a moral hazard - others bear a disproportionate part of the costs while the perpetrators go "free". This is why accurate statistics, forecasting and cost benefit analysis systems are a must. I am not talking only about cost coverage calculations but also about finding ways to impose on the users of transport infrastructure the real costs of their actions...
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