Traditional economic analysis techniques used in the assessment of Public Private Partnership (PPP) projects are based upon the assumption that future cash flows are fully deterministic in nature and are not designed to account for risks involved in the assessment of future returns. In reality,...

Recent transport sector liberalisation, as well as global economic crisis, is favouring the implementation of transport infrastructure projects through Public–Private Partnerships (PPP). However, there is a debate as to whether PPP schemes are a better option than conventional procurement. To...

Some South African cities have initiated public transport transformation projects which, in most cases, ultimately envisage the in toto replacement of paratransit operations with formalised BRT systems. There are two likely outcomes: (1) complex negotiations with existing operators and budget...

Lack of a clear understanding regarding the economic impacts of non-motorized modes is a major reason why they are excluded from the transportation development agenda of cities in India. Keeping this aspect in mind the present study has been divided in to two parts. The first part tries to...

The third part of the state-of-the-art focuses on the future of road safety modeling and on conjectures concerning the evolution of national safety indicators. In the absence of econometric developments specific to road safety modeling, the research future must rely on pre-existing statistical...