The current growth and the rapid rise of large new developments in the Sydney metropolitan area has called for new avenues of funding for transportation facilities. Such initiatives have been taken due to the shortage of funds in the public sector and the significant impact of the developments on the regional transportation facilities. The case studies examined in the paper provide examples of how private contributions have been sought for traffic improvements in Sydney area. The paper reviews new methods of funding in overseas countries, describing private involvement in shared funding for transportation facilities. The paper concludes that there is a need for research and study to formulate a better research and study to formulate a better methodology as to how to fund transportation improvements in light of new developments. The methodology should assess the economic and traffic aspects of new developments on the basis of their local and regional impacts (A).
Abstract