PPP Roads: Lessons from International Experience and Comparisons with Findings from Other Sectors
This paper draws on over 30 semi-structured interviews with senior players from the public-privater partnership (PPP) industry (bankers, equity providers, lawyers, contracting authorities, technical consultants and financial advisors). New European research is looking at the success or otherwise of PPP road schemes and projects from other sectors, and the author reflects on lessons learned to date. The contrasts his findings with those from others who have conducted similar reviews: the UK’s Treasury and National Audit Office, a leading European policy think-tank, an Australian PPP task force and the World Bank. PPPs are now maturing in many European countries, with projects passing through construction and into operations. In some cases, 10-15 years of operational experience has now been accumulated and it would appear timely to consolidate and reflect on the knowledge and expertise accrued to date in general and, specifically, at the sector level. Do PPPs work equally well in all sectors? What conditions make for a successful PPP? Where should PPPs be avoided? How could PPPs be improved? These and other related questions are addressed in this paper. This paper also looks at how PPP programs have evolved in various countries in direct response to local experience, and the paper looks forward at the future for these types of partnering initiatives with private finance solutions at their core. It should be of interest to practitioners, planners and policy-makers at a time when infrastructure investment priorities and programs are being reassessed across Europe in response to weak economic conditions and unprecedented public sector budget deficits.
- Record URL:
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Corporate Authors:
Association for European Transport (AET)
1 Vernon Mews, Vernon Street, West Kensington
London W14 0RL, -
Authors:
- Bain, R
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Conference:
- European Transport Conference, 2010
- Location: Glasgow Scotland, United Kingdom
- Date: 2010-10-11 to 2010-10-13
- Publication Date: 2010
Language
- English
Media Info
- Media Type: Web
- Pagination: v.p.
- Monograph Title: European Transport Conference, 2010 Proceedings
Subject/Index Terms
- TRT Terms: Construction projects; Financial analysis; Infrastructure; Lessons learned; Policy making; Project management; Public private partnerships
- Geographic Terms: Europe
- Subject Areas: Administration and Management; Highways; I10: Economics and Administration;
Filing Info
- Accession Number: 01351709
- Record Type: Publication
- Files: TRIS
- Created Date: Sep 14 2011 11:12AM