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

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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 http://hdl.handle.net/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

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