Community Research and Development Information Service - CORDIS

BUSINESS MODELS FOR ENHANCING FUNDING AND ENABLING FINANCING OF INFRASTRUCTURE IN TRANSPORT

From 2014-12-01 to 2016-09-30, closed project | BENEFIT Website

Project details

Total cost:

EUR 1 671 461,25

EU contribution:

EUR 1 671 461,25

Coordinated in:

Greece

Call for proposal:

H2020-MG-2014_SingleStage_ASee other projects for this call

Funding scheme:

CSA - Coordination and support action

Objective

Deliverables

  • Updated Database

    The deliverable concerns updating and enhancing the available case studies and country profiles already available to BENEFIT. The existing cases and country profiles are duly published and will be always referenced appropriately if used. The existing set of country profiles and cases will be streamlined (OMEGA Centre cases transferred to COST Action TU1001 format). Case studies will be reviewed and selected and for those that are of interest, Country Profiles will be updated and enriched with possible additional information. The collection will be enhanced by at least 28 case studies with respect to funding and financing schemes (public and other) and transport modes less represented in the existing cases. To this end, all partners are involved in this task, as they will be required to deliver at least two additional case studies each. This deliverable, to be produced also as an e-book with ISBN, will feed the BENEFIT wiki. The deliverable will include in annex the written consensus of possible interviewees. This is the deliverable of Task 2.1.

  • Policy Dialogues

    The deliverable consisting of: (i) part 1 reporting on the policy dialogue conducted on M10 with the Advisory group and selected members of the consultation group, and (ii) part 2 reporting on the policy dialogue conducted on M17 with a wider audience, organised at the TRA 2016. There is no specific budget attached to this deliverable as it takes advantage of the Consortium meeting (M10) and the TRA 2016 Workshop (M17). This is the deliverable of task 5.2.

  • The Decision Matching Framework Policy Guiding Tool, Project Rating Methodology and Methodological Framework to increase business model creditworthiness

    The deliverable concludes: (i) The Decision Matching Framework. It concerns the operational version of deliverable D3.1 after it has been applied, tested and revised based on its application to task 4.1 – stage 2. (ii) The methodology by which the transport business model and overall project may be rated and means by which creditworthiness may be enhanced, therefore enabling the respective financing type. This is the deliverable of task 3.2.

  • Lessons Learned – 2nd Stage Analysis

    The deliverable concerns the report of the analysis of the BENEFIT case study database using the methodological framework devised in WP3. Matching principle hypotheses generated are tested. Conclusions are delivered in terms of typological settings so as to allow for the transferability of findings. Input to the report will be provided as follows: Road: UAEGEAN, FACULTY OF CIVIL ENGINEERING, UNIVERSITY COLLEGE LONDON; Rail: OULUN YLIOPISTO; Air: IST; Ports/MoS: UNIVERSIDAID DE LAS PALMAS DE GRAN CANARIA; Urban Transit: CEREMA; Special Infrastructure (bridges, locks, Terminals): IBDIM, UANTWERP, KIT; Infrastructure pricing: TISPT; Implementation context: UANTWERP This is one of the two deliverables of Task 4.1.

  • Dissemination & Exploitation Plan

    Deliverable 6.2 concerns the detailed plan for dissemination and interaction. It will be prepared by the 1st Consortium meeting so that the project can start with a clear dissemination strategy. The plan will be updated Mid-Term (M12) and at the project end (M21) – The Mid-Term and Final Dissemination Plan will form part of the project mid-term and final report.

  • Risk Management & Innovation Management Plan

    Central to the successful completion of any project is the effective assessment, monitoring and mitigation or amplification of downside risks or opportunities, respectively. The Risk Management and Innovation Plan will include the initial assessment of risks and opportunities and a detailed monitoring process including respective contingency and exploitation plans as well as all critical dates. It will be prepared by M2 and adopted at the first BENEFIT consortium meeting. Thereafter, it will be used by the project coordinator, the WP and Task leaders. The Plan will also indicate revision dates. This is the deliverable of task 1.3.

  • Data Management Plan

    The deliverable concerns the Data Management Plan (DMP). This will detail the data and results generated and define (shared) joint ownership and whether and how this will be exploited or made accessible for verification and re-use, and how it will be preserved. The DMP will be delivered by the 1st Consortium meeting, approved and duly signed within the first 3 months of the project. The DMP will be reviewed and updated at least by the mid-term and final review to fine-tune it to the data generated and the uses identified by the consortium. New versions of the DMP will be created whenever important changes to the project are foreseen to occur. The DMP will define the terms and procedures for commercialization and dissemination of results of joint ownership. This is the deliverable of WP6.

  • Quality Assurance Plan

    Internal quality assurance of all deliverables will be carried out prior to submission to the Commission. The Quality Assurance Plan produced by M2 and approved at the 1st Consortium meeting sets the detailed procedures of Quality control; review procedures and forms; deliverable format and other related issues to be applied to all project deliverbles there after. This is the deliverable of task 1.2.

  • Review of Governance, Procurement, Contractual Arrangement & Typology

    The deliverable reports on governance arrangements deployed by public and private parties in transport infrastructure delivery. More specifically, strategic decisions about responsibility and allocation of risk shape the type of arrangements, organizational forms and transactional relationships between public and private partners are included. It will include: (i) General governance models identified by UT, UCL and UCLAN (ii) Transport mode specific models identified by IBDIM, IST and KIT. This is the deliverable of Task 2.4.

  • Review of Financing Schemes & Typology

    The deliverable is the credit worthiness requirement of each financing scheme mapped generating the 5th typology. This objective is addressed through desk research (meta-analysis) and evidence research based on the BENEFIT database. It reports on the study of: (i) Government credit or equity (KIT); (ii) Private credits or equity from strategic investors. Strategic investors are defined as having a long-term interest in running the project and influencing strategic decisions about it (UAEGEAN, TRT); (iii) Private capital from conventional institutional investors or the public. The former group refers to investment banks, regular banks or other portfolio investors like pension funds or hedge funds (interest in the short or middle term yield and risk characteristics of their investment) (UAEGEAN, TRT) (iv) Specialized institutions for infrastructure investments. These are public (eg. the European Investment Bank (EIB)) and global infrastructure funds (eg. Macquary) (KIT, UNIVERSITY COLLEGE LONDON, FACULTY OF CIVIL ENGINEERING). This is the deliverable of Task 2.3

  • Final Report

    The 2nd and final BENEFIT report summarizing progress and costs will prepared in accordance with the H2020 guidelines and submitted to the EC respective services. This is one of the two deliverables of task 1.4.

  • Potential of transport investments

    The deliverable concerns a report on (new) funding and financial options put forward by policy makers and providers of funding. The study applies the D3.2 output using as variables options put forward by EC policy documents. Cases will be selected in collaboration with the Advisory Group and the prominent interests in the Consultation Group. This is the deliverable of task 5.1.

  • Typologies of Funding Schemes and Implementation Context Typologies, Transport Mode Context Typologies, Business Model

    This deliverable concerns a synthesis report with respect to findings of potential typologies identified with respect to: (i) Business models to be provided by UAEGEAN and UNIVERSITEIT TWENTE; (ii) Funding Schemes to be provided by TISPT; (iii) Transport mode context to be provided by UANTWERP and (iv) Implementation context to be provided by UANTWERP, IBDIM and UCLAN. This is the deliverable of Task 2.2.

  • Methodological Framework of Ex-Post Analysis

    The deliverable is a framework of principal hypotheses – matching principles- by which best matches may be achieved and thus optimum performance of the funding and financing schemes for the particular business model under the implementation and transport mode context in the defined governance arrangement. Its concerns a report of the matching principles identified using the risk profiles of the types and typologies produced in WP2. These are proposed based on their contribution to designed performance in terms of sustainability (economic, environmental, social and institutional). This is the deliverable of Task 3.1.

  • Lessons Learned – 1st Stage Analysis

    The deliverable concerns the report on the analysis of the BENEFIT case study database including findings obtained from interviews. It will report on: (i) Best practices and successful cases (ii) The reasons why a project should be regarded as good/bad practice. It will report findings with respect to funding scheme, financing scheme, business model, governance and contractual setting, transport mode context and implementation context. That is with respect to the typologies being developed under WP2. Input to the report will be provided as follows: Road: TRT, UAEGEAN, FACULTY OF CIVIL ENGINEERING, UNIVERSITY COLLEGE LONDON; Rail: OULUN YLIOPISTO; Air: IST; Ports/MoS: UNIVERSIDAID DE LAS PALMAS DE GRAN CANARIA; Urban Transit: CEREMA; Special Infrastructure (bridges, locks, Terminals): IBDIM, UANTWERP, KIT; Infrastructure pricing: TISPT; Implementation context: UANTWERP The deliverable will include in annex the written consensus of possible interviewees. This is one of the two deliverables of Task 4.1.

  • Limitations & Recommendations

    The deliverable reports on tolerence and limitations of the matching principles hypetheses by studying dynamic diagrams of the cases based on their types. The deliverable answers to «Identify and analyse possible limitations of PPP and other funding schemes (such as: lack of flexibility, dependence on the banking sector, risk sharing, pricing and social acceptance, etc.) and suggest solutions in order to overcome them». Input to the report will be provided as follows: Road: TRT, UAEGEAN, FACULTY OF CIVIL ENGINEERING, UNIVERSITY COLLEGE LONDON; Rail: OULUN YLIOPISTO; Air: IST; Ports/MoS: UNIVERSIDAID DE LAS PALMAS DE GRAN CANARIA; Urban Transit: CEREMA; Special Infrastructure (bridges, locks, Terminals): IBDIM, UANTWERP, KIT; Infrastructure pricing: TISPT; This is the deliverable of Task 4.2.

  • Effects of the Crisis and Recommendations

    The deliverable reports on a particular aspect of the Limitations of funding and financing schemes for the delivery, operation and maintenance of infrastructure: tolerance (resilience) to fluctuations in the financial markets and the national and global economy. It is based on D4.1, D4.2 and D4.3 with emphasis being placed on the types and typological settings mostly influenced by the crisis. Input to the report will be provided as follows: (i) Countries where the financial and economic crisis was more prominent: UAEGEAN (Greece), IST (Portugal), UNIVERSIDAID DE LAS PALMAS DE GRAN CANARIA (Spain), TRT (Italy) (ii) Countries less influenced by the crisis: KIT (Gernamy), CEREMA(France), UNIVERSITY COLLEGE LONDON (UK), OULUN YLIOPISTO (Finland) (iii) Countries on central transport corridors: UANTWERP (Belgium), IBDIM (Poland). (iv) Input from task 4.2: UCLAN This is the deliverable of Task 4.3.

  • Policy Guidelines and Recommendations

    Deliverable 5.3 consolidates Policy Guidelines and Recommendations by taking stock of all BENEFIT deliverables and findings. This is the deliverable of task 5.3.

  • Mid-Term Report

    The 1st BENEFIT report summarizing progress and costs will prepared in accordance with the H2020 guidelines and submitted to the EC respective services. This is one of the two deliverables of task 1.4.

  • Portal

    The deliverable concerns the BENEFIT Portal. This is the project's central point of passive dissemination and active on-line communication. It will be designed primarily to disseminate findings, it will include BENEFIT official deliverables, newsletters, webinars, discussion corners, hangouts and all relevant sources of information generated by BENEFIT. The BENEFIT mailing list will be used for direct notification of updates and news. The number of downloads and visits to the site, as well as their origin will be used to monitor the interest level and make adjustments accordingly.

  • Discussion Corners

    Five discussion corners are foreseen. Discussion Corners (M2), (M5), (M9), minutes will be included in the project mid-term report; M(13) and M18) minutes will be included in the project final report. Topics will be generated by the tasks and used for input.

  • Final Conference

    The deliverable concerns the Final Seminar/conference and will disseminate the project results to all interested stakeholders. Final Workshop (M22) minutes will be included in the project final report

  • Hangouts

    Five hangouts are foreseen. Hangouts (M3), (M6), (M10), minutes will be included in the project mid-term report; M(14) and M19) minutes will be included in the project final report. Hang-outs will contribute to the finalization of results.

  • Newsletters

    Quartely Newsletters will be produced. They will be posted on the BENEFIT Portal. Newsletter are prepared by input form on-going tasks and other relevant information concerning the project but also news with respect to the funding of infrastructure. Newsletters will be produced on M3, M6, M9, M12, M15, M18, M21.

  • webinars

    Three webinars are foreseen. Webinars (M7) minutes will be included in the project mid-term report; (M15) and (M20) minutes will be included in the project final report. The subjects of the webinars will be identified with respect to issues arising from the tasks.

  • Wiki-BENEFIT

    The deliverable concerns the BENEFIT wiki. It will start operating on month 3 and thereafter it will be continuously updated. Issues of Data Management and Quality Control of the wiki will be included in the respective Plans.

Publications

  • “The system dynamics of funding and financing of transport infrastructure”, Proceedings of the WCTR 2016 Conference, The 14th World Conference on Transport Research, Shanghai, July 10-14, 2016.
    Author(s): Roumboutsos A., Pantelias A.
  • Performance of Transport Infrastructure Projects After Crisis: Which are the Key Factors Affecting?, presented at the Doctoral Day at the University of Antwerp, 30 November 2016.
    Author(s): Moschouli. E., Murwantara R., Vanelslander T., Verhoest K.
  • Finland’s Roads Projects, Presentation at the International PPP Forum: “Implementing the United Nations 2030 Agenda for Sustainable Development through effective, people-first Public-Private Partnerships”
    Author(s): Leviäkangas, P.
  • Which are the key factors affecting the performance of port infrastructure projects?, ‘The International Conference on Logistics and Sustainable Transport (ICLST)’, 16-18 June 2016, Slovenia.
    Author(s): Moschouli E., Vanelslander T.
  • “Building” a Typology of Modes of Transport with an Infrastructure Funding and Financing Perspective, the World Conference on Transport Research - WCTR 2016 Shanghai, 10-15 July 2016.
    Author(s): Moschouli E., Vanelslander T.
  • Which are the key factors affecting the success of transport infrastructure projects? a Qualitative Comparative Analysis using 41 cases of 13 European countries, presented at the Doctoral Day at the University of Antwerp, 25 November 2015.
    Author(s): Moschouli E., Raden M., Vanelslander T. and Verhoest K.
  • Cause and Effect analysis of Limitations in Transport Infrastructure Projects, 16th of June 2016, Expanded City Symposium, University of Central Lancashire, Preston.  
    Author(s): Liyanage, C.
  • The evolution of private public partnerships (PPP) for transport projects delivery in Greece: Success stories in recession”,  The 14th World Conference on Transport Research, Shanghai, July 10-14, 2016.
    Author(s): Roumboutsos A., Moraiti P., Karousos I., Kapros S., Trapali K.
  • Funding and Financing Limitations of Transport Infrastructure Projects – QSR NVivo Analysis,
    Author(s): Liyanage, C
    Published in: ‘Centre for Research-Informed Teaching- CRIT’, 2015. 
  • Investment in Transport Infrastructure Findings from the BENEFIT H2020 Project, 5th Research Seminar on Railway Policy, Lyon, 4 November 2016
    Author(s): Roumboutsos A. and Vanelslander T.,
  • “Building” a Typology of Modes of Transport with an Infrastructure Funding and Financing Perspective, BIVEC/GIBET Transport Research Day 2015, May 28-29, 2015, Eindhoven, Netherlands.
    Author(s): Moschouli E., Vanelslander T.
  • “Transport infrastructure business models: new sources of funding and financing”, Proceedings of the WCTR 2016 Conference, The 14th World Conference on Transport Research, Shanghai, July 10-14, 2016.
    Author(s): Roumboutsos A., Gouin T., Leviäkangas P., Mladenović G., Nouaille P.-F., Voordijk J., Moraiti, P., Cardenas​ I.
  • Performance of Transport Infrastructure Projects Before and After the Global Financial Crisis (GFC): has the GFC affected the relevant conditions? presented at the Fifth international joint conference on Smart governance for innovation by/in PPPs in Antwerp, November 20-22, 2016.
    Author(s): Moschouli E., Raden M., Vanelslander T. and Verhoest K.
  • Identifying financing, funding, governance and business model settings contributing to transport infrastructure projects having a higher chance of being ‘successful’, presented at 2016 Smart Transport Alliance (STA) Technical Roundtable, Brussels 25 October 2016.
    Author(s): Moschouli. E., Roumboutsos A., and Vanelslander T.,
  • Costa, J., Oliveira, M., Macário, R. (2015) “Business models for enhancing funding and enabling financing for infrastructure in transport – Benefit.” Presentation to the 12th annual Transport Study Group conference, Tomar, Portugal, 5-6th January 2015.
    Author(s): Costa, J., Oliveira, M., Macário, R.
    Published in: 12th annual Transport Study Group conference, Tomar, Portugal, 5-6th January 2015, 2015. 
  • Investment in Transport Infrastructure Findings from the BENEFIT H2020 Project, 5th Research Seminar on Railway Policy, Lyon, 4 November 2016.
    Author(s): Roumboutsos A. and Vanelslander T.,
  • Performance of Port Infrastructure Projects: Which are the Key Factors Affecting? Tehnicki vjesnik-Technical gazette, ISSN 1330-3651 (Print), ISSN 1848-6339 (Online), to be published.
    Author(s): Moschouli E., Vanelslander T.
    Published in: Tehnicki vjesnik-Technical gazette, 2016.  ISSN: 1330-3651

Coordinator

PANEPISTIMIO AIGAIOU
Greece

EU contribution: EUR 213 893,75


LOFOS PANEPISTIMIOU
81100 MYTILINI
Greece
Activity type: Higher or Secondary Education Establishments

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Participants

UNIVERSITEIT ANTWERPEN
Belgium

EU contribution: EUR 213 923,75


PRINSSTRAAT 13
2000 ANTWERPEN
Belgium
Activity type: Higher or Secondary Education Establishments

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OULUN YLIOPISTO
Finland

EU contribution: EUR 100 062,50


PENTTI KAITERAN KATU 1
90014 OULU
Finland
Activity type: Higher or Secondary Education Establishments

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CENTRE D ETUDES ET D EXPERTISE SUR LES RISQUES L ENVIRONNEMENT LA MOBILITE ET L AMENAGEMENT
France

EU contribution: EUR 86 397,50


25 AV FRANCOIS MITTERRAND
69500 BRON
France
Activity type: Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)

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KARLSRUHER INSTITUT FUER TECHNOLOGIE
Germany

EU contribution: EUR 103 762,50


KAISERSTRASSE 12
76131 KARLSRUHE
Germany
Activity type: Higher or Secondary Education Establishments

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TRT TRASPORTI E TERRITORIO SRL
Italy

EU contribution: EUR 139 999,45


VIA RUTILIA 10/8
20141 MILANO
Italy
Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)

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UNIVERSITEIT TWENTE
Netherlands

EU contribution: EUR 135 691,25


DRIENERLOLAAN 5
7522 NB ENSCHEDE
Netherlands
Activity type: Higher or Secondary Education Establishments

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INSTYTUT BADAWCZY DROG I MOSTOW
Poland

EU contribution: EUR 57 912,50


UL. INSTYTUTOWA 1
03 302 WARSZAWA
Poland
Activity type: Research Organisations

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INSTITUTO SUPERIOR TECNICO
Portugal

EU contribution: EUR 102 812,50


AVENIDA ROVISCO PAIS 1
1049-001 LISBOA
Portugal
Activity type: Higher or Secondary Education Establishments

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TIS PT, CONSULTORES EM TRANSPORTES, INOVACAO E SISTEMAS, SA
Portugal

EU contribution: EUR 86 250


AVENIDA MARQUES DE TOMAR 35-6D
1050-153 LISBON
Portugal
Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)

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UNIVERSIDAD DE LAS PALMAS DE GRAN CANARIA
Spain

EU contribution: EUR 89 438,05


C/ Juan de Quesada 30
35001 LAS PALMAS DE GRAN CANARIA
Spain
Activity type: Higher or Secondary Education Establishments

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UNIVERSITY COLLEGE LONDON
United Kingdom

EU contribution: EUR 171 690


GOWER STREET
WC1E 6BT London
United Kingdom
Activity type: Higher or Secondary Education Establishments

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UNIVERSITY OF CENTRAL LANCASHIRE
United Kingdom

EU contribution: EUR 130 562,50


-
PR1 2HE PRESTON
United Kingdom
Activity type: Higher or Secondary Education Establishments

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FACULTY OF CIVIL ENGINEERING
Serbia

EU contribution: EUR 39 065


BULEVAR KRALJA ALEKSANDRA 73
11000 BELGRADE
Serbia
Activity type: Higher or Secondary Education Establishments

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