Public–private partnerships in China: A case of the Beijing No.4 Metro line

Through a case study on Beijing's No. 4 Metro line, this paper illustrates benefits, costs, opportunities and risks in public–private partnerships (PPP) in China. It describes the process to land a concession agreement; demonstrates the consequences for revenue and costs from using a private entrepreneur; and estimates the benefits to the public sector. By using a PPP model, the public sector may save up to 31% of its initial investment and 9.4% of total expenses during the concession. The private investor may earn a profit, but bears a risk due to absence of the rule of law.

• Record URL:
  • https://doi.org/10.1016/j.tranpol.2013.09.011
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0967070X13001443
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/29485010
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Chang, Zheng
• Publication Date: 2013-11

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 153-160
• Serial:
  • Transport Policy
  • Volume: 30
  • Issue Number: 0
  • Publisher: Elsevier
  • ISSN: 0967-070X
  • Serial URL: http://www.elsevier.com/locate/issn/096707X

Subject/Index Terms

• TRT Terms: Benefits; Case studies; Cost effectiveness; Economic analysis; Public private partnerships; Rapid transit
• Geographic Terms: Beijing (China)
• Subject Areas: Finance; Public Transportation; I10: Economics and Administration;

Filing Info

• Accession Number: 01505396
• Record Type: Publication
• Files: TRIS
• Created Date: Jan 27 2014 11:03AM