CEPA - Transport

CEPA is actively developing its transport practice. Our staff and associates have many years of experience of airports, roads and rail and have worked for both public and private sector entities.

Recent clients include Commission for Aviation Regulation, Ireland, British Airways, the UK Department for Transport (DfT), the Office of Railway Regulation (ORR) and the Hong Kong metro system operator.

CEPA's particular experience relates to:

	Public policy and finance advice on airports, rail and road - based on in-depth understanding of the key institutional, regulatory, financial and economic issues.
	Financial modelling - drawing on extensive experience of modelling complex project and financial structures across transport sectors.
	Network regulation and strategy - including detailed understanding of regulatory strategy, access charging structures and the specific competition issues raised in the rail sector.
	Transaction advisory services - drawing on experience of delivering Private Finance Initiative (PFI) roads, managing complex rail enhancement projects and investing in airports.
	Efficiency nalysis and becnhmarking - experience in quantitative and qualitative benchmarking, including providing advice on benchmarking approaches in energy and transport.

CEPA has framework contracts with the UK Office of Rail Regulation (ORR) for regulatory economics and corporate finance advice.

Case Studies
Estimation of a range for Administrative and Other Costs for the PPP Arbiter.

Capex review of Dublin Airport.

OPPA modeling to support Periodic Review preparations.

Department of Transport (SA) - Airport Funding.

ORR Efficiency

Airport Cost Benefit Analysis Tool

CEPA study on incentives in the GB rail industry [CEPA paper] [ORR consultation document]

CEPA's report to the Office of the PPP Arbiter on Material Change in Risk

A discussion note for ORR: Setting the Rules for Ring-Fenced Fund in CP4