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This text examines organizational arguments for planning and financing transport infrastructure in Western Europe. It covers all modes of transport – road, rail, sea, air, urban, and inland waterways – and asks why their financing arrangements are so different. The book looks at the division of responsibilites between central and local government, and the growing role of autonomous public bodies, the European Commission and private finance. It examines the consequences of investment failing to keep up with demand – in congestion, environmental damage and slower growth – and the impact of new approaches, including public-private partnerships.
Author Biography
SHEILA FARRELL is an independent transport consultant specialising in investment appraisal and project finance. Since 1993 she has been an Honorary Research Fellow at Imperial College London.
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