Financing European Transport Infrastructure
Throughout Western Europe investment in transport infrastructure has been failing to keep up with demand. The result has been congestion, environmental damage and the slowing down of economic growth. Some countries have consistently invested more than others in transport, and some forms of transport have found it easier than others to attract finance, leading to patterns of investment which are not always consistent with policy objectives. Financing European Transport Infrastructure looks at how each mode of transport - road, rail, sea, air, urban, and inland waterways - is organised and funded in Continental Western Europe. It analyses differences in economic geography, culture, and business history, but also highlights common trends such as the decentralisation of responsibility to regional authorities, the expanding role of the European Commission, the requirement for more infrastructure to be self-financing, and the increasing involvement of the private sector.