IEA: Privatising Britain’s road network would raise more than £150bn
Oliver Knipping & Richard Wellings
In this Hobart Paper, the authors – transport economists Oliver Knipping and Richard Wellings – propose the privatisation of the UK road network. In doing so, they examine the traditional objections to privatisation and find them wanting. In a lively discussion, making good use of practical examples, the authors also look at related issues such as road taxation, the planning system, pricing, regulation and the management of congestion.
Whilst the authors admit that there are valid objections to road privatisation – and straightforward privatisation may not suit all types of roads – there are many imaginative schemes outlined that could deal with those objections. The authors also show that the nationalisation of roads has not been a success.
This study is essential reading for policy-makers, academics and students in the field of transport and logistics.