Read the latest issue of Foresight:
Featuring: Stephen Andrews and Clay Gilge, KPMG in the US
Transportation infrastructures around the world have suffered from years of neglect and under-investment, with population increases and urbanization putting ever-greater pressure on roads, highways and bridges. Alternative financing – such as public-private partnerships – cannot fully compensate for shrinking budgets, so governments must find ways to make their money go further.
Many transportation agencies lack robust protocols for identifying, evaluating and selecting those capital projects that can deliver the greatest value. Although they have much of the data they need, what is often missing is a standardized framework, with clearly defined criteria and weightings.