Publications are presented in reverse
chronological order. The following codes apply:
PRJ: peer reviewed journal
CP: conference paper
PM: professional magazine
RR: research report
B: book (or chapter in book)
T: thesis
Titles in red text are hyperlinks to the original articles and
papers.
2024
Bain R and Sullivan D (2024),
The Traffic Impact of Road Pricing: Lessons from the Toll Road Sector,
ITS International, September/October 2024 (Supplement), Route
One Publishing Ltd, UK. [PM]
2022
Bain R and Senechal S (2022),
It's About Time,
Infrastructure Investor, Issue 136, 60-65, September 2022, PEI
Media Ltd, London. [PM]
2019
Bain R (2019),
Call Yourself A Forecaster?,
Data & Modelling, Spring 2019, Local Transport Today, May 2019,
6-8, London. [PM]
2018
Bain R (2018),
Beware Fake Econometrics,
Infrastructure Investor, Issue 96, 42-44, September 2018, PEI
Media Ltd, London. [PM]
2017
Bain R (2017),
Better Traffic Forecasts?,
Infrastructure Investor, Issue 81, 38-41, April 2017, PEI Media
Ltd, London. [PM]
2015
Bain R (2015),
Ethics and Advocacy in Forecasting
Revisited: Consultants in the Dock,
Local Transport Today, LTT 680, 4 - 17 September 2015, London.
[PM]
Bain R (2015),
A Sting in the Tail: Toll Road Valuation, Infrastructure Investor, Issue 62, 32-35, May 2015, PEI Media
Ltd, London. [PM]
2014
Bain R (2014),
How Do You Put a Price on Roads?,
Infrastructure Investor, Issue 56, 46-53, October 2014, PEI
Media Ltd, London. [PM]
Halvarsson A, Rydell I, Holmström M, Blagoeva T and Bain R
(2014),
Ex-Post Evaluation of the Loan Guarantee
Instrument for Trans-European Transport Network (TEN-T) Projects,
Directorate General for Mobility and Transport, Directorate A:
General Policy, European Parliament, January 2014, Brussels.
[RR]
2013
Bain R (2013),
Toll Roads: Big Trouble Down Under,
Infrastructure Journal, 17 January 2013, London. [PM]
2012
Van Essen H, Brinke L, Bain R, Smith N and Skinner I (2012),
Financing Instruments for the EU’s
Transport Infrastructure,
Directorate General for Internal Policies, Policy Department B:
Structural and Cohesion Policies, European Parliament, December
2012, Brussels. [RR]
Meaney A and Bain R (2012),
Good Procurement: Rewarding Deliverability
Rather than Excessive Risk,
Local Transport Today, LTT 608, 26 October - 8 November 2012,
London. [PM]
Bain R, Meaney A, Dixon P and Davis C (2012),
Disincentivising Overbidding for Toll Road
Concessions, Oxera (for the Australian
Department of Infrastructure and Transport), September 2012,
Sydney. [RR]
2011
Smith
N, Bain R and Kanowski S (2011),
An Investigation of the Causes of
Over-Optimistic Patronage Forecasts for Selected Recent Toll
Road Projects, GHD (for the Australian Department
of Infrastructure and Transport), December 2011, Sydney. [RR]
Bain R (2011),
The Wisdom of Crowds:
A Survey of Forecasting Accuracy,
Data & Modelling, Issue 8, Summer 2011, Local Transport Today,
June 2011, 33-34, London. [PM]
Bain R (2011),
On the Reasonableness
of Traffic Forecasts: A Survey of Predictive Capability,
Traffic Engineering and Control, Vol. 52, No. 5, May 2011,
213-217. [PM]
Robinson N and Bain R (2011),
The Implications of
EIB and EBRD Co-financing for the EU Budget,
Directorate General for Internal Policies, Policy Department D:
Budgetary Affairs, European Parliament, March 2011, Brussels.
[RR]
Bain R (2011),
Public-Private
Partnership Lessons from Europe, Transportation Builder,
January-February 2011, 19-21, February 2011, The American Road &
Transportation Builders Association (ARTBA), Washington DC. [PM]
Bain R (2011),
TTI Interview, Traffic Technology International,
February/March 2011, 41-43, UKIP, Dorking, Surrey. [PM]
Bain R (2011),
Is it Time to Revisit PPP Ratings?,
Infrastructure Investor, Issue 19, 39-42, February 2011, PEI
Media Ltd, London. [PM]
2010
Bain R (2010),
Modelling Best Practice: The Benefits of
Peer Reviews, Data & Modelling: Winter 2010,
Local Transport Today, December 2010, 9-10, London. [PM]
Bain R (2010),
And Now, the Traffic Report
(full version), Tollways, Journal of the International Bridge,
Tunnel and Turnpike Association, Fall 2010, 69-76, Washington
DC. [PRJ]
Bain R (2010),
Transport Modelling: Is it Art or Science?,
Traffic Engineering and Control, Vol. 51, No. 7, July 2010,
243-245. [PM]
Bain R (2010),
And Now, the Traffic Report
(abridged version), PPP
Bulletin International,
Volume 1, Issue 4, Summer 2010, Rockcliffe Ltd., London. [PM]
Bain R (2010),
Public Sector Comparators for UK PFI Roads:
Inside the Black Box, Transportation, Vol. 37,
No. 3, May 2010, Springer, Netherlands. [PRJ]
Bain R (2010), Toll Road Investments: The Central Role of
Traffic & Revenue Forecasts, Proceedings of the PLUS
International Expressway Conference 2010 (PIECE 2010), 5-7 April
2010, Kuala Lumpur, Malaysia. [CP]
Bain R (2010),
Construction Risk - What Risk?, Project Finance
International, Issue 426, 10 February 2010, Thomson Reuters,
London. [PM]
2009
Bain R (2009),
Public Sector Comparators for UK PFI Roads:
Inside the Black Box, Proceedings of the European Transport
Conference, 5-7 October 2009, Noordwijkerhout, Netherlands. [CP]
Bain R (2009),
Error and Optimism Bias in Toll Road
Traffic Forecasts, Transportation, Vol. 36, No. 5, September 2009,
Springer, Netherlands. [PRJ]
Bain R (2009),
In Support of User-Paid Tolls,
PPP Bulletin
International, Volume 1, Issue 2, Autumn 2009, Rockcliffe Ltd.,
London. [PM]
Bain R (2009),
Previsiones de Tráfico e Ingresos en
Carreteras de Peaje, ISBN 978-0-9561527-2-5, June
2009. [Spanish language version of ISBN 978-0-9561527-1-8: see
below]. [B]
Bain R (2009),
Review of Lessons from Completed
PPP Projects Financed by the EIB,
European Investment Bank, May 2009, Luxembourg. [RR]
Bain R (2009),
Roads to the Future, Chapter
13 in The Future of Project Finance: The Crisis in Perspective,
Thomson Reuters, London. [B]
Bain R (2009),
Toll Road Traffic & Revenue Forecasts:
An Interpreter's Guide, ISBN 978-0-9561527-1-8, April
2009. [B]
Bain R (2009),
Big Numbers Win Prizes:
Twenty-One Ways to Inflate Toll Road Traffic & Revenue
Forecasts, Project Finance International, Issue 406, 8 April
2009, Thomson Reuters, London. [PM]
2008
Bain R (2008),
PFI Rates of Return: Evidence from the UK's
PFI Roads Sector, Proceedings of the
European Transport Conference, 6-8 October 2008,
Noordwijkerhout, Netherlands. [CP]
Bain R (2008),
Privately Financed Roads in Britain: A
Policy Assessment, PhD Thesis, July 2008, Institute
for Transport Studies, University of Leeds, UK. [T]
2007
Bain R (2007),
PPP Construction Risk: International
Evidence from the Roads Sector, Proceedings of the
European Transport Conference, 17-19 October 2007,
Noordwijkerhout, Netherlands. [CP]
Bain R and Plantagie JW (2007),
The Anatomy of Construction Risk: Lessons
from a Millennium of PPP Experience, April 2007,
Standard & Poor’s, London. [RR]
2006
Ortiz F, Bain R and Carniado S (2006),
A Credit Review of Mexico’s Toll Road
Sector, September 2006, Standard & Poor’s, Mexico
City. [RR]
Forsgren K, Calder P, Bain R and Greer I
(2006),
Global Infrastructure Assets and Highly
Leveraged Concessions Raise New Rating Considerations,
September 2006, Standard & Poor’s, Boston. [RR]
Bain R, Forsgren K and Calder P (2006),
Credit FAQ: Assessing the Credit Quality of
Highly Leveraged, Deep-Future Toll Road Concessions,
February 2006, Standard & Poor’s, London. [RR]
Bain R, (2006),
Are Credit Risks Lurking in the Shadows?,
Tollways (IBTTA), Vol. 3, No. 2, Winter 2006, 103-109. [PRJ]
2005
Bain R and Wilkins M (2005),
European Toll Roads 2005: Sector Trends and
Credit Developments, October 2005,
Standard & Poor’s, London. [RR]
Bain R (2005), Traffic Forecasting Risk:
Through Ramp-Up and Beyond, Proceedings of the European
Transport Conference, 3-5 October 2005, Strasbourg. [CP]
Bain R and Polakovic L (2005),
Traffic Forecasting Risk Study 2005:
Through Ramp-Up and Beyond, August
2005, Standard & Poor’s, London. [RR]
Bain R (2005),
Major Road Works Ahead,
Traffic Engineering and Control, Vol. 46, No. 7, July 2005,
248-251. [PM]
Bain R (2005), Optimism Bias and Error in
Toll Road Traffic Forecasts, Proceedings of the 37th Annual
Universities’ Transport Studies Group Conference, 5-7 January
2005, Bristol. [CP]
2004
Bain R and Plantagie JW (2004),
Managing Lenders’ Exposure to Traffic Risk
is the Key Credit Driver for Shadow Toll Roads, October 2004, Standard & Poor’s, London.
[RR]
Bain R (2004), Are Forecasts More than Just
Random Number Generators? Optimism Bias in Traffic and Revenue
Forecasts, Proceedings of the European Transport Conference, 4-6
October 2004, Strasbourg. [CP]
Bain R and Plantagie JW (2004),
Traffic Forecasting Risk: Study Update 2004,
October 2004, Standard & Poor’s, London. [RR]
Bain R and Plantagie JW (2004),
Smooth Ride for European Toll Roads in 2004, but Twists and Turns Ahead,
September 2004, Standard & Poor’s, London. [RR]
Bain R (2004),
Obtaining the Finance: Assessing the Credit
Quality of Tram Schemes, in Tram, Trolley or Guided Bus: What
are the Best Choices for London?, April 2004,
Greater London Authority, ISBN 1 85261 585 0, London. [CP]
Bain R, Richardson M and Veron JF (2004),
Fast Track to a Borderless Europe: The
Credit Dynamics of High-Speed Rail, March 2004, Standard & Poor’s, London. [PM]
2003
Bain R and Plantagie JW (2003),
Traffic Forecasting Risk: Study Update 2003,
November 2003, Standard & Poor’s, London. [RR]
Bain R and Plantagie JW (2003),
The Credit Dynamics of Congestion Charging,
November 2003, Standards & Poor’s, London. [RR]
Bain R (2003), The Changing Credit
Landscape for European Toll Roads, Proceedings of the European
Transport Conference, 8-10 October 2003, Strasbourg. [CP]
Bain R (2003),
Why Investors Should be Cautious of
Planners Wearing Rose-Tinted Spectacles, Traffic
Engineering and Control, Vol. 44, No. 8, September 2003,
274-275. [PM]
Bain R (2003),
Fare's Fair? Why Tram projects are on a
Bumpy Road, July 2003, Standard & Poor’s, London. [RR]
Bain R and Wilkins M (2003),
The Evolution of DBFO Payment Mechanisms:
One More for the Road?, March 2003, Standard &
Poor’s, London. [PM]
2002 Bain R and Wilkins M (2002), The Credit
Implications of Traffic Risk in Start-Up Toll Facilities,
Proceedings of the European Transport Conference, 9-11
September, 2002, Cambridge. [CP]
Bain R and Wilkins M (2002),
The Credit Implications of Traffic Risk in
Start-Up Toll Facilities: Appendix – Traffic Risk Index,
September 2002, Standard & Poor’s, London. [RR]
Bain R and Wilkins M (2002),
The Credit Implications of Traffic Risk in
Start-Up Toll Facilities, August 2002, Standard &
Poor’s, London. [PM]
Bain R (2002),
Improving the Quality of City Centre
Parking: Will the Consumer Pay?, Traffic Engineering
and Control, Vol. 43, No. 5, May 2002, 175-177. [PM]
Bain R (2002),
Kerb Guided Bus: Is This Affordable LRT?,
Traffic Engineering and Control, Vol. 43, No. 2, February 2002,
51-55. [PM]
2001
Bain R and LaRue B (2001),
An Ongoing Commitment, TollTrans,
Traffic Technology International Supplement 2001,
42-45, UKIP, Dorking, Surrey. [PM]
Bain R (2001),
Moveable Barrier Technology: the Key to the
Dynamic Highway?, Traffic Engineering and Control,
Vol. 42, No. 10, November 2001, 340-344. [PM]
Bain R (2001),
Cardiff’s Real-Time Information System for
Bus Passengers, Traffic Engineering and Control, Vol.
42, No. 9, October 2001, 300-302. [PM]
Bain R (2001),
The Use of GPS-Based Automatic Vehicle
Location Technologies for Bus Transit: State of the Practice in
the USA and Lessons for Elsewhere,
Proceedings of the European Transport Conference, 10-12
September 2001, Cambridge. [CP]
Bain R (2001),
GPS-Based Automatic Vehicle
Location Technology: What Do We Want from this Technology?,
Proceedings of The City at your Fingertips (2nd European
Congress on ITS), 20-23 June 2001, Bilbao. [CP]
2000
Bain R (2000),
Conversion to Electronic Toll Collection: A
Puerto Rican Case Study (part II), Traffic
Engineering and Control, Vol. 41, No. 11, December 2000,
448-454. [PM]
Bain R (2000),
Conversion to Electronic Toll Collection: A
Puerto Rican Case Study (part I), Traffic Engineering
and Control, Vol. 41, No. 10, November 2000, 416-421. [PM]
Bain R and Torres C (2000), Moveable
Barrier Technologies: Lessons for Future Applications, 28th
Summer Annual Meeting of Planning and Transport Research and
Computation, 27-29 September 2000, Cambridge. [CP]
Bain R (2000), The Buchanan Toll Plaza: A
Corridor Approach to Capacity Planning, Proceedings of the IBTTA
Annual Meeting, 23-27 September 2000, Madrid. [CP]
1999
Bain R (1999),
Adopting Electronic Toll Collection
Technologies, Proceedings of the 27th Summer Annual
Meeting of Planning and Transport Research and Computation,
27-29 September 1999, Cambridge. [CP]
1996
Bain R and Russell
CH (1996),
Horses for Courses: Determining the Optimal Pricing
Strategy for a Tolled Highway Project, Proceeding
of the 24th Summer Annual Meeting of Planning and Transport Research
and Computation, 2-6 September 1996, Brunel University.
[CP]
Bain R, Kuiper C, Mellor A and Nutt D (1996),
Public Transport Passenger Security: Problems and
Policies, ISBN 0 9520264 3 0, 1996. [B]
1995
Bain R and Russell
CH (1995), Traffic and Revenue Forecasting for Toll Roads in
Developing Economies, Proceedings of the 23rd Summer Annual Meeting
of Planning and Transport Research and Computation, 11-15 September
1995, Warwick. [CP]
Bain R (1995),
Shopmobility: A Critical Link Between the
Vehicle and the Pedestrian Environment for People with Impaired
Mobility, Proceedings of the
23rd Summer Annual Meeting of Planning and Transport Research and
Computation, 11-15 September 1995, Warwick. [CP]
1993
Bain R and Pettitt T (1993),
Social Car Schemes: A Hidden Revolution in
Public Transport Delivery, Surveyor, December 1993,
Hemming Group, London. [PM]
McLeod F, Hounsell N and Bain R (1993),
Road Pricing: Highway Reliability Supply
Effects, Proceedings of
the 21st Summer Annual Meeting of Planning and Transport
Research and Computation, 13-17 September 1993, Manchester. [CP]
Bain R and Pettitt T (1993),
Social Car Schemes: A Comprehensive Guide
to Organised Car Sharing, 2nd Edition, Community
Transport Association, ISBN 0 9522439 0 3. [B]
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