Public private partnerships for transport infrastructure : renegotiation and economic outcomes. Report of the one hundred and sixty-first Round Table on Transport Economics.

Author(s)
International Transport Forum ITF
Year
Abstract

Public-private partnerships (PPPs) are an important vehicle for private participation in infrastructure investment, delivery and management. Renegotiations are an integral part of the PPP process but their prevalence varies markedly in different parts of the world. Renegotiations can be usefully employed to adjust the PPP contract to unforeseeable events, beyond the control of contractual parties. There is also a danger, however, that they will be used to change the initial balance of costs and benefits in the contract. This report provides an overview of the nature of PPP renegotiations in different regions of the world and at different times to help understand when PPP contract renegotiations are desirable and when they are not. In general it is concluded that when contracts are set up well, renegotiations should be few and far between. (Author/publisher)

Publication

Library number
20170502 ST [electronic version only]
Source

Paris, Organisation for Economic Co-operation and Development OECD / International Transport Forum ITF, 2017, 152 p., ref.; Round Table / ITF ; 161 - ISSN 2519-8777 (print) / ISSN 2519-8785 (online) / ISBN 978-92-82-10612-3 (print) / ISBN 978-92-82-10813-0 (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.