NineSquared is a specialist economic consulting and commercial advisory firm focused on helping governments and companies make great decisions and achieve your goals and objectives.
Our principals and staff are experienced, senior level practitioners who have worked in and advised government and private sector clients about a range of commercial and economic issues, primarily relating to transportation. Broadly, our expertise lies in the fields of transport and regulatory economics, policy development and analysis and advising on commercial arrangements between government and the private sector as well as arrangements between companies operating within regulated environments.
Our combined public and private sector experience means that we are well placed to provide our clients with deep understanding of both the public and private sectors and the interface between them.
The economics of financing and funding public transport projects
In this paper, delivered at the 2015 Australasian Transport Research Forum, we assess how applicable Fisher’s theorem is for public transport services that are usually provided by government. We show that there are often welfare costs associated with different financing and funding instruments and that these costs have implications for the investment decision. The paper discusses how these costs arise and how they should be treated in the economic cost-benefit analysis.