Author(s)

E. Musso & C. Ferrari

Abstract

Project financing': an available tool for city administrations and transit companies. E. Musso* & C. Ferrari a Dipartimento POLIS, Universita di Genova, Stradone S. Agostino 37, 16123 Genova, Italy musso @ economia. unige. it b Istituto di Geografia Economica e Trasporti, Universita di Genova, Via Bertani 1, 16125 Genova, Italy ferrari @ economia. unige. it Abstract The purpose of this paper is to check the effectiveness of "project financing" techniques in funding urban transport infrastructures and long run transport policies. It is well known that in recent years urban transport policies have been mainly concerning short run tools and traffic regulation. This trend has been caused by the growing lack of available funds for city administrations and transit companies. As a result, the difficulties in financing long run and infrastructural policies cause policy makers to turn to short run regulations, even when the expected results of such policies are clearly less effe

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