PPP projects in transport

Evidence from light rail projects in Spain

Ole Helby Petersen, Samuel Carpintero

    Research output: Contribution to journalJournal articleResearchpeer-review

    Abstract

    Public–private partnerships (PPPs) have been extensively used in Spain for the procurement of light rail systems. This paper analyses five projects that have been in operation for more than five years. The authors examine the reasoning behind the selection of the PPP projects, risk-sharing mechanisms, competition among private providers, and overall cost-effectiveness. The paper demonstrates a need for more rigorous assessments of the merits of PPP projects before they are initiated.
    Original languageEnglish
    JournalPublic Money and Management
    Volume34
    Issue number1
    Pages (from-to)43-50
    ISSN0954-0962
    DOIs
    Publication statusPublished - 2014

    Keywords

    • Competition
    • light railways
    • PPPs
    • risk-sharing
    • Spain

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