The present in Italy public budget constraints and at the same time the need of equipping the country with modern transport infrastructures, induce public administration to research innovative methods in order to carry out the investments. The aim of the paper is to survey and to verify the effectiveness of the most interesting innovative methods being outlined at the present time in Italy: • The “take over compensation” applied to infrastructures built after project financing or concession bids, at the end of the exploitation period. • The “value capture”: the instrument gives the opportunity to monetize part of transport infrastructures’ benefits by capturing the increase of property value experienced after the opening of the new infrastructure. • The application of “Eurovignette” Directive as a form of cross modal funding: a form of toll, introduced by an UE directive and charged to the road freight transports. This paper, besides to analyse theoretical elements at the basis of the three innovative funding methods, analyses also the existing experiences in the national context: the Bre.be.mi, the Pedemontana, the Quadrilatero Project and the Brennero’ Brenner rail base tunnel.
The innovative methods of funding transport infrastructures in Italy
SUMIRASCHI, CHIARA;VAGHI, CARLO
2007
Abstract
The present in Italy public budget constraints and at the same time the need of equipping the country with modern transport infrastructures, induce public administration to research innovative methods in order to carry out the investments. The aim of the paper is to survey and to verify the effectiveness of the most interesting innovative methods being outlined at the present time in Italy: • The “take over compensation” applied to infrastructures built after project financing or concession bids, at the end of the exploitation period. • The “value capture”: the instrument gives the opportunity to monetize part of transport infrastructures’ benefits by capturing the increase of property value experienced after the opening of the new infrastructure. • The application of “Eurovignette” Directive as a form of cross modal funding: a form of toll, introduced by an UE directive and charged to the road freight transports. This paper, besides to analyse theoretical elements at the basis of the three innovative funding methods, analyses also the existing experiences in the national context: the Bre.be.mi, the Pedemontana, the Quadrilatero Project and the Brennero’ Brenner rail base tunnel.
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