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Disincentivising overbidding in toll road project procurement

The Australian Department of Infrastructure and Transport has today published a report, jointly written by Oxera and RBconsult, which identifies and assesses methods of disincentivising overbidding to obtain toll road concessions. The result is a set of international best practice principles and recommendations to minimise overbidding within public–private partnerships.

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Are rail fare increases offering good value for money?

Based on yesterday’s RPI figure for July, regulated rail fares in England will rise by 6.2% on average.

Oxera discussed this issue in an Agenda article last year, when the RPI + 3 fares policy was first expected to be used to set regulated fares in January 2012. Ultimately the policy was revised back to the previous position of RPI + 1 in last November’s Autumn Statement.

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Oxera expert role in landmark damages ruling by Competition Appeal Tribunal

On July 5th, the Competition Appeal Tribunal (CAT) issued a judgment in 2 Travel Group Plc (In Liquidation) v Cardiff City Transport Services Limited . This was a ‘follow-on’ damages claim based on a finding by the Office of Fair Trading (OFT) in 2008 that Cardiff Bus had engaged in anti-competitive practices against 2 Travel, an entrant into the market for local bus services in Cardiff.

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