When are subsidies to trans-European network projects justified?

Stef Proost, Fay Dunkerley, Bruno De Borger, Astrid Gühneman, Pia Koskenoja, Peter Mackie and Saskia Van der Loo

Transportation Research Part A: Policy and Practice, 2011, vol. 45, issue 3, 161-170

Abstract: The trans-European transport network (TEN-T) encompasses the major planned transport infrastructure in Europe, ranging from high speed rail to port infrastructure. Projects in this category are considered priority projects and receive European subsidies; but these have been insufficient to get these projects off the ground. This paper addresses two research questions. First, it sketches the basic economics of cross-boundary infrastructure projects: what pricing and investment policies can we expect, what is the role of through traffic and high fixed costs of infrastructure? Second, it examines briefly what lessons the EU could draw from the experience of other existing federal funding institutions like the US and Germany. These ideas are used to propose a new subsidy scheme for the TEN-T projects.

Keywords: Transport; investments; Pricing; Infrastructure; subsidies; International; transport (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (15)

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