An Interpreter's Guide

In high profile, big ticket toll road transactions when lending is based on demand-driven project cash flows alone - not balance sheet strength - infrastructure investment becomes a high stakes game with powerful incentives at play. The traffic forecasting process, imperfect from the start, is seldom insulated from these incentives. Investors need to be asking the right questions of their technical advisers and having an understanding of the forecasting process (and its limitations) is an important prerequisite in that regard. Hence "An Interpreter's Guide to Toll Road Traffic & Revenue Forecasts".

Category:

Science & Technology

Tags:

• finance
• private finance
• tolls
• toll roads
• investor
• investment
• optimism bias