MANAGEMENT POLICY: FINANCING SCHEMES

The main article in this feature discusses what is the best approach for financing public-private parking. The public sector needs funds to improve its car parks, and the private sector wants to invest. The article describes some examples of use of each of the following approaches: (1) public-private partnership (PPP); (2) design-build-finance-operate (DBFO); and (3) the Government's Private Finance Initiative (PFI). During recent years, various types of public-private partnerships have been formed in the UK parking industry. They have ranged from site-specific agreements to refurbish or build new parking facilities to the citywide joint venture company just launched by National Car Parks and Manchester City Council. Several local authorities have been attracted to the DBFO approach, including Cherwell District Council. To finance larger projects, NHS trusts and other public bodies have the option of using the PFI. An inset to the article lists the key stages in developing a project under the PFI. The second article in the feature shows how hospital car parks have been built using the PFI scheme, and gives as an example a bidding partnership between APCOA Parking (UK) and Impregilo, which has already provided a 1300-space multi-storey car park at Cardiff. An inset discusses funding enforcement.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/09623566
• Corporate Authors:

  Landor Publishing Limited

  Quadrant House 250 Kennington Lane
  London SE11 5RD,   England 
• Authors:
  • MORAN, M
  • Squires, J
• Publication Date: 1999-8

Language

• English

Media Info

• Pagination: p. 16-7,19
• Serial:
  • PARKING REVIEW
  • Publisher: Landor Publishing Limited
  • ISSN: 0962-3566

Subject/Index Terms

• TRT Terms: Construction; Design; Federal government; Financing; Hospitals; Industries; Investments; Local government agencies; Methodology; Multistory structures; Organizations; Parking; Parking garages; Private enterprise; Transportation operations; Urban areas
• Geographic Terms: United Kingdom
• ITRD Terms: 3655: Construction; 9011: Design (overall design); 244: Financing; 183: Government (national); 2177: Hospital; 332: Industry; 227: Investment; 192: Local authority; 9102: Method; 924: Multi storey parking garage; 1144: Operations (transp network); 9057: Organization (association); 955: Parking; 9118: Private; 8119: United Kingdom; 313: Urban area
• Subject Areas: Construction; Design; Highways; Terminals and Facilities;

Filing Info

• Accession Number: 00779159
• Record Type: Publication
• Source Agency: Transport Research Laboratory
• Files: ITRD
• Created Date: Dec 7 1999 12:00AM