Protecting the Public Interest: The Role of Long-Term Concession Agreements for Providing Transportation Infrastructure

This report examines the current state of thinking and practice regarding private concessions or public private partnerships (PPPs) for transportation financing. Focus is on long-term concession type agreements where the private sector has a bigger role than traditionally experienced by assuming an equity stake in a project. The report begins with a summary of public concerns, such as public policy, fiscal issues, and contract terms, that are related to long-term concessions. The report then examines information that has been provided to decision-makers for recent concession deals. Brief case studies of examples such as the Chicago Skyway Lease, Indiana Toll Road Lease, and other examples in Texas and Virginia, offer some insight into the types of information available to the public throughout the long-term concession deals. The report concludes with a discussion of potential strategies to protect the public interest. Key issues that are discussed include tolls, taxes, private equity, private debt, and private sector cost savings.

Record URL:
Availability:
- Find a library where document is available. Order URL: http://www.usc.edu/schools/sppd/keston/research/index.html
Corporate Authors:
Cambridge Systematics, Incorporated

100 Cambridge Park Drive, Suite 400
Cambridge, MA United States 02140

University of Southern California, Los Angeles

Keston Institute for Public Finance and Infrastructure Policy
Los Angeles, CA United States 90089
Authors:
- Buxbaum, Jeffrey N
- Ortiz, Iris N
Publication Date: 2007-6

Language

English

Media Info

Media Type: Print
Features: Bibliography; References;
Pagination: 55p

Subject/Index Terms

TRT Terms: Concessions; Cooperation; Debt; Equity (Finance); Financing; Infrastructure; Private enterprise; Public private partnerships; Taxes; Toll roads; Tolls
Subject Areas: Aviation; Economics; Finance; Highways; Society; I10: Economics and Administration;

Filing Info

Accession Number: 01054708
Record Type: Publication
Source Agency: UC Berkeley Transportation Library
Report/Paper Numbers: 07-02
Files: CALTRANS, TRIS
Created Date: Jul 16 2007 8:00PM