Transport infrastructure provision and operations: Why should governments choose private-public partnership?

Tsamboulas, D; Verma, A; Moraiti, P

dc.contributor.author	Tsamboulas, D	en
dc.contributor.author	Verma, A	en
dc.contributor.author	Moraiti, P	en
dc.date.accessioned	2014-03-01T11:47:19Z
dc.date.available	2014-03-01T11:47:19Z
dc.date.issued	2012	en
dc.identifier.issn	07398859	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/38128
dc.subject	Evaluation	en
dc.subject	Public-Private Partnerships	en
dc.subject	Transport infrastructure	en
dc.title	Transport infrastructure provision and operations: Why should governments choose private-public partnership?	en
heal.type	other	en
heal.identifier.primary	10.1016/j.retrec.2012.05.004	en
heal.identifier.secondary	http://dx.doi.org/10.1016/j.retrec.2012.05.004	en
heal.publicationDate	2012	en
heal.abstract	Recent transport sector liberalisation, as well as global economic crisis, is favouring the implementation of transport infrastructure projects through Public-Private Partnerships (PPP). However, there is a debate as to whether PPP schemes are a better option than conventional procurement. To this end, an evaluation framework is proposed, to assess which of these two alternative schemes for transport projects financing is preferable for the public. The proposed framework is complimentary to the Value for Money (VfM) approach and is based on a Multi Criteria Analysis (MCA). The first step is the estimation of the Public Sector Comparator (PSC) for the case of conventional procurement, dealing with construction, maintenance and operation costs revenues, as well as any costs associated with risks undertaken by the public. As for the PPP case, it includes any payments by the public sector and related risks costs. The MCA is then applied only if the PPP is found preferable for the public sector. The latter considers additional impacts, including among others the social attributes of a particular scheme, job creation, environmental impacts and safety and security aspects. The proposed framework was applied to a pilot Bus Rapid Transit (BRT) corridor infrastructure project in the city of Indore, India, in order to demonstrate its validity. The framework and its application could provide useful guidance when considering PPP for a transport project, since it demonstrates in a transparent way the society's attitude towards this project, something that is critical to its acceptance. © 2012 Elsevier Ltd. All rights reserved.	en
heal.journalName	Research in Transportation Economics	en
dc.identifier.doi	10.1016/j.retrec.2012.05.004	en