Recommendations for effective and efficient project planning and implementation capacities
The BENEFIT Matching Framework through the operational Transport Infrastructure Resilience Indicator (TIRI) rating could be used through the project life-cycle to provide assessments of the likelihood of a particular transport infrastructure project to reach cost and time to construction completion, traffic and revenues targets. More specifically:
Wider value propositions for the transport infrastructure business model and Synergies Across Sectors
The BENEFIT Matching Framework includes the assessment of wider value propositions and synergies across sectors. While it recognises the limitations of each infrastructure mode to include other value-adding activities, it is constructed to consider value propositions that may lead to alternative revenue streams including green and brownfield sections, other transport modes, other non-transport infrastructure, and purely business endeavours also associated with the exclusivity of the offering and its integration in the wider system it represents. Calculating the Revenue Support Indicator provides a measure of how inclusive and integrated an infrastructure project might be; the level of opportunity that may still be exploited and the impact on the likelihood of reaching specific outcomes such a configuration under the particular conditions of a project may have.
Propositions for funding and financing schemes
The study and research conducted within BENEFIT led to the conclusion that appropriate low-cost financing schemes are needed. The Financing Scheme Indicator (FSI) has the possibility to represent any financing scheme, while the same applies for the Remuneration Attractiveness (RAI) and the Revenue Robustness (RRI) Indicators for the remuneration and revenue scheme, respectively. This allows project owners and sponsors to assess the contribution of the proposed scheme in achieving project outcomes.
Recommendations for Innovation
The application of innovation is considered in the BENEFIT Matching Framework. However, its successful application is connected to the competence to implement innovation. In addition, innovation carries more risk than is acceptable in many cases. It is therefore recommended that respective competence is included in the project when innovation is considered. Considering innovation sponsors in the financing scheme would also potentially reduce the cost of capital.
Recommendations to increase project creditworthiness
The TIRI rating (static and dynamic) apart from assessing the likelihood of reaching specific outcomes, which supports and contributes in assessing more accurately a project’s creditworthiness, also allows for: