Urban transportation financing A strong case for public-private partnership

Urban transportation projects generate multiple types of benefits which range from pure public good to private good. The beneficiaries of each type of benefit are quite different. There is a strong case for redefining the public-private-partnership framework in urban transportation projects, wherein the private sector concentrates on generating value from direct beneficiaries such as urban transport users, while the public institutions develop innovative tools to capture value from indirect beneficiaries. This publication assesses various types of instruments that could be used for capturing value in an urban transportation project. The suitability of an instrument would depend upon various factors such as demand for real-estate development, existing density of development, availability of complimentary instruments, and administrative efficiency of the public institutions.
Urban transportation financing