Project details



Business models for enhancing funding and enabling financing of infrastructure in transport

Start date: 01.12.2014

Duration: 22 months

Coordinator: University of the Aegean

Budget: 1.67 M€


BENEFIT takes an innovative approach by analysing funding schemes within an inter-related system. Funding schemes are successful (or not) depending on the Business Model that generates them. The performance of the Business Model is affected by the implementation context and the transport mode. It is matched successfully (or not) by a financing scheme. Relations between actors are described by a governance model (contracting arrangements). These are key elements in Transport Infrastructure Provision, Operation and Maintenance. Success is a measure of the appropriate matching of elements. Within BENEFIT funding and financing schemes are analysed in this respect. Describing these key elements through their characteristics and attributes and clustering each of them is the basis of, first, developing a generic framework. This allows for the transferability of findings with respect to “lessons learned”, “limitations” and “the impact of the financial and economic crisis”. Identifying best matches in their inter-relations and where to intervene, leads to move from a generic framework to a powerful decision policy tool, which can assess funding schemes for investments in modern infrastructure with smart pricing and funding in view of 2050 challenges and needs.

The BENEFIT partnership takes stock of over twenty years of EC funded, national and international research. It receives direct input (evidence study cases) from the OMEGA Centre and COST Action TU1001. It is set-up to share and exchange knowledge and debate. Its high level international advisory group and its consultation group demonstrate its ability to reach out to all stakeholders to share its innovative approach. Namely:

  1. Transport infrastructure business models and their project rating by which further value propositions may be included to lead to funding schemes with enhanced creditworthiness enabling viable financing
  2. Transferability
  3. Open-access case study database serving both practitioners and researchers.

List of achievements

BENEFIT bears the following innovative aspects:
- Transport infrastructure business models and their project rating: Improved value propositions lead to funding schemes with enhanced creditworthiness enabling viable financing, balancing of project financing and funding risks, increasing the value basis of stakeholders and highlighting the potential of transport investments.
- Transferability of findings with respect to lessons learned, limitations and the impact of the economic and financial crisis through the introduction of typologies for particular sets of stakeholders under different scenarios.
- Open-access case study database in a wiki format.

Reporting, results and news about the project available on BENEFIT website and CORDIS.


Contact person: Dr. Athena Roumboutsos
Address: University of the Aegean - Dept of Shipping, Trade and Transport, Greece