Value from Public-Private Partnerships: Balancing Prescriptive and Performance Specifications from Design to Handback

In a long-term concession agreement, the public owners seek to transfer the risks for the asset's condition to the private concessionaire through performance requirements for operation and maintenance and for handback. In this article the author traces out the challenges, which include aligning objectives through a commercial framework, determining measures, and defining benchmarks.

• Record URL:
  • https://nap.nationalacademies.org/catalog/22863
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/07386826
• Authors:
  • Startin, Jonathan
• Publication Date: 2011-5

Language

• English

Media Info

• Media Type: Print
• Features: Figures; Glossary; Photos; References; Tables;
• Pagination: pp 16-22
• Serial:
  • TR News
  • Issue Number: 274
  • Publisher: Transportation Research Board
  • ISSN: 0738-6826

Subject/Index Terms

• TRT Terms: Assets; Benchmarks; Financing; Infrastructure; Performance measurement; Public private partnerships; Risk management; Transportation
• Uncontrolled Terms: Operation and maintenance
• Subject Areas: Finance; Transportation (General); I10: Economics and Administration;

Filing Info

• Accession Number: 01345231
• Record Type: Publication
• Files: TRIS, TRB, ATRI
• Created Date: Jul 20 2011 11:36AM