Aug 5, 2016
The 14th Annual World Conference on Transport Research was held in Shanghai, China, July 10-15. The Center’s work was featured in poster presentations that were based on two research papers: “The Governance of Surface Transportation in the 21st Century: VDOT Institutional Responses to Environmental Changes” by Jonathan Gifford, Lisardo Bolaños, Nobuhiko Daito, Morghan Transue and Jeong Yun Kweun and “Evaluating Highway Public-Private Partnerships: Evidence from U.S. Value for Money Studies” by Jeong Yun Kweun, Porter K. Wheeler, and Jonathan L. Gifford.
The first paper highlights that technology, procurement, and management innovations offer ways to address deteriorating infrastructure, increased urban traffic, and tighter budgets. Decreased control over performance increases internal opposition and makes the organization vulnerable to external opposition. To take advantage of innovations, new core competencies are needed, including contract management and public engagement. The second paper investigates the state of practice in the use of value for money (VfM) analysis of highway public-private partnership (P3) projects in the United States.
For more information about the conference please visit http://wctrs-conference.com/.