Transport

The provision of an appropriate quantity of reliable, high quality transport infrastructure and services is one of the key issues facing governments around the world. Transport authorities must balance economic, environmental, technical and safety interests within the confines of limited funding and very long lead times for most new infrastructure. This requires clear analysis of options and, sometimes, innovative thinking.

PricewaterhouseCoopers is widely recognised as a leading provider of professional services to the transport sector. We provide a wide range of advisory, assurance and tax services, including strategic policy, performance improvement and transaction and procurement advice.

As a recent recipient of Jane's Transport Finance "Financial adviser of the year" award, we are leaders in developing new structures for innovative partnerships between the public and the private sectors to deliver enhanced transport capability. Our clients include the Department of Transport, Transport for London, the Highways Agency, local highway authorities, Passenger Transport Executives and private sector infrastructure and service providers.

Potential issues

Enhancing the performance of existing networks and services

• Optimising the performance and output of existing assets through co-ordination of services, better risk management, clearer measurement and incentivisation and improved accessibility

Timely, cost effective and affordable investment in new infrastructure and services

• Maximising the overall return and output from new capital investment and securing outputs on a timely basis, by careful cost:benefit analysis of options, realistic affordability modelling, appropriate structuring of procurements, particularly where a PPP or PFI approach is planned, and close project management

Balancing capacity provision and management of the environment

• An increasing recognition that new supply, whether of infrastructure or services, needs to be matched by demand management, particularly in a country like the UK where space is limited and environmental impact is an increasingly sensitive issue
• The spread of initiatives such as congestion charging and other forms of user payment, as well as fiscal incentives for environmentally friendly consumption

PwC services

• Economic appraisal (including cost:benefit and other economic impact analysis)
• Policy development, research and evaluation
• Financial management and control, governance, risk and performance management
• Service and organisational review
• Project and programme management
• Change management
• Feasibility studies, options appraisal and business planning
• Development and delivery of PPPs and PFIs (including financial structuring and finance raising)
• Transaction advice on acquisitions and disposals in the transport sector
• Contract monitoring and performance measurement
• Tax advice