Emerging trends and opportunities in roads and highways sector
A Review of Revenue Sources for Roads and Highways
Transcript of A Review of Revenue Sources for Roads and Highways
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
A Review of Revenue Sources for Roads and Highways
Caroline Visser, Deputy Director General, IRF Geneva Tuesday 25 February 2013
UNECE Pre-ITC Road and Rail Financing Conference, Geneva
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Outline of presentation
• From traditional to innovative financing and the commercialisation of road assets
• A plea for the use of Smart Technology for Sustainable Mobility
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
From traditional to innovative financing of roads
• “Traditional” funding for roads: – Government funding
– Allocation of funds decided
through political process on annual basis
– Funding source: general taxes
• Mismatches “traditional” funding? Single source: availability
(Crisis & austerity) Planning cycle of roads: 15 years
and over
No relation between usage and payment
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Innovative financing • Finding other resources and revenues to draw from • Commercialization of road assets • Introducing life-cycle approach • Road Funds
– 1st and 2nd generation – Big discussion: earmarking of budgets – Other revenues than general taxes, more related to usage
• Private financing involvement
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Implications private financing involvement
• Capital sources for private sectors entities: Equity & loans (domestic and international markets)
• Project finance approach: performance of the project counts.
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
A plea for Smart Technology to change the road financing paradigm
• IRF Policy Committee on Intelligent Transport Systems
• Meetings and exchanges around the globe • Key messages gathered in Manifesto on
Intelligent Transport Systems, evidence based
• Manifesto: positive movement embracing technology to improve quality of life
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Endorsed by global ITS leaders
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
The Manifesto at a Glance
The Key: Access to Sustainable
Mobility (today and in the future)
The role of Intelligent Transport Systems
Insert Pc overview
Challenges to mobility
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
ITS in the Policy Arena
ITS Mobility policies
Social policies Transport funding and investment
policies
Environmental policies
Spatial planning policies
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Role of ITS Environment Reducting congestion
• Modifying people’s & vehicles’ behaviour rather than restricting demand
• Encouragement (incentives) & enforcement
• Facilitation of greener choices, awareness raising
• Monitoring and comparing impact on emissions of traffic management interventions
• Knowing the performance of road networks
• Managing available road capacity
• Offering different paradigm for paying for mobility and funding roads
• Provision of tailored real time travel information
• Supporting compliance to traffic regulations
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
The Manifesto policy recommendations
• Technology is here; now is the time to commit
• Recognise the importance and create proper policy frameworks
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Summary of recommendations C. Encourage Sustainable Mobility Behaviour - Translate user pay principle into pragmatic
pricing strategies - Paradigm shift for financing transport
investments
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Way forward IRF continues its efforts and commitment by: • Setting the agenda and addressing the issue at
international forums • Providing a global and neutral platform for
discussion • Joining forces and collaboration with
stakeholders • Supporting national initiatives to address ITS
policy
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Calendar of Events: Joint ITS Arab/IRF Workshop “ITS Deployment in the MENA Region” • 20 March 2013 – Marrakech, Morocco • In conjunction with IRF Regional Conference North Africa & Mediterranean
IRF Workshop: Key Performance Indicators of ITS Policy • 25 April 2013 - Brussels, Belgium
IRF Workshop on ITS Policy -11-12 September 2013 – Singapore/Hongkong, China
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Better roads, better world.
INTERNATIONAL ROAD FEDERATION FEDERATION ROUTIERE INTERNATIONALE
Thank you for your attention! Get your copy of the Manifesto on www.irfnet.ch