Mario Iacobacci leads AECOM’s economics practice in Canada. He has an international track record in infrastructure economics and business case development, including cost-benefit analysis, funding and finance, and economic and financial impact analyses, with over 25 years’ experience at board and executive levels with clients in North America and Europe. He has advised public sector agencies, institutional investors and corporate clients on multiple infrastructure projects in North America and Europe, covering all transportation modes including rail, public transit, highways and freight rail; as well as water and wastewater infrastructure. He has also evaluated procurement policies and options, including PPPs.
Dr. Iacobacci is holds a PhD in economics from Cambridge University in the UK.
Presentation: Exploring the Quality of Major Investment Decisions in Urban Mobility in Canada
Given the limited public funds available for urban mobility, the paper examines the extent to which selected major cities in Canada are investing in projects that create most value, as measured in terms of return on investment or economic benefit-cost measures. These measures capture not just mobility benefits, but also environmental, safety and other wider socio-economic impacts. The questions considered include:
- Were the selected projects expected to create net positive value for mobility users and society at large? Or did they destroy value?
- Were the selected projects those with the highest value creation?
- Were multiple project versions examined to arrive at the selected project?
The database consists of projects of at least CAD $500 million for Canadian cities with a population of 1+ million. The results will illustrate the quality of investment decisions within and across urban areas.