Better regulation of public-private partnerships for transport infrastructure : report of the one hundred and fifty-first Round Table on Transport Economics : summary and conclusions of the Roundtable, held September 2012.

Author(s)
International Transport Forum ITF
Year
Abstract

Many governments seek to attract private finance for infrastructure through public-private partnerships (PPPs) in order to maintain investment at the same time as limiting public spending. Experience with PPPs has, however, been mixed. Some transport PPP projects have delivered major cost savings but many more have exceeded their budgets. PPPs are prone to overestimating revenues and when projects run into financial difficulty, risks have a tendency to revert to the taxpayer. The report examines the nature of risks and uncertainty associated with different types of PPP project and the practical consequences of transferring risks to private partners. It assesses the fiscal impact of PPPs and discusses budget procedures and accounting rules to limit the public liabilities they can create. The report also reviews the relative merits of tolls, availability payments and regulated asset base models for attracting finance for public infrastructure from private investors on a sustainable basis. (Author/publisher)

Publication

Library number
20131797 ST S
Source

Paris, Organisation for Economic Co-operation and Development OECD / International Transport Forum ITF, 2013, 227 p., ref.; Round Table / ITF ; 151 - ISSN 2074-3378 (print) / ISSN 2074-336X (online) / ISBN 978-92-821-0394-4 (print) / ISBN 978-92-821-0395-1 (PDF)

Publication (link)

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This publication is one of our other publications, and part of our extensive collection of road safety literature, that also includes the SWOV publications.