Interested in transport funding? The BENEFIT H2020 Project shows the way!
With a scope to provide a comprehensive analysis of alternative funding schemes (public, PPP or other) based on existing experiences in different transport sectors and geographical areas, and also to assess their impact with regard to economic development, value for public money, user benefits, life-cycle investment (including maintenance), efficiency, governance and procurement modalities, etc., the BENEFIT project looks at infrastructure project delivery performance. Amongst various infrastructure project outcomes, it focuses on four, which lie at the heart of the analysis of all major project stakeholders and influence either directly or indirectly all other anticipated outcomes: cost and time to (construction) completion and actual versus forecast traffic and revenues.
To this end, the BENEFIT project delivered a rating system with respect to Transport Infrastructure Resilience providing the likelihood of a transport infrastructure project at a certain point in its life cycle to deliver on expected targets (cost and time to (construction) completion and actual versus forecast traffic and revenues). The rating, which is given in a static and a dynamic form, allows project decision-makers and those involved in project delivery to:
- Identify project vulnerabilities with respect to both its external implementation environment as well as its internal structural characteristics
- Improve the likelihood of a project to reach specific outcome targets
- Monitor project “health” during construction and operation
- Adjust project factors according to expectations.
The BENEFIT project was delivered by the University of Antwerp, Belgium; CEREMA, France; the University of Oulu, Finland; KIT, Germany; TRT, Italy; the University of Twente, the Netherlands; IBDIM, Poland; the University of Lisbon and TISPT, Portugal; the University of Belgrade, Serbia; the University of Las Palmas de Grandes Canarias, Spain; UCL and UCLAN, UK and coordinated by the University of the Aegean, Greece.
For more information, please visit the www.benefit4transport.eu