New Instruments for Financing Transport Infrastructures in Italy
The Italian Government budget constraints and the need of modern transport infrastructures have given rise to innovative financing instruments to collect resources for investments. The aim of the paper is to survey and to verify the effectiveness of three of the most interesting and recent methods for this purpose: the "take over compensation" method, which applied to infrastructure built after project financing or concession bids; the "value capture" method, which gives the opportunity to assess part of transport infrastructures' benefits by capturing the increase in property value experienced after the opening of the new infrastructure; and the so-called "Eurovignette" Directive method. After a brief critical review of literature, the paper investigates the application of those methods to the Italian scenario, referring to four specific cases: the Bre.be.mi (Milano-Brescia) motorway, the Pedemontana motorway, the Quadrilatero road project, and the Brenner rail base tunnel.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mul:j1t56u:doi:10.2382/31039:y:2009:i:3:p:377-398. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.