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Public-private partnerships in Spanish Ports: Current status and future prospects

Author

Listed:
  • Cabrera, María
  • Suárez-Alemán, Ancor
  • Trujillo, Lourdes

Abstract

Public-Private Partnerships (PPPs) have proved to be more than adequate as a means to develop transport infrastructure, especially in the case of large-scale infrastructure such as ports. However, under certain specific circumstances they can lead to certain failures, and so huge public losses. Both the country's hard-hit economy and its vast experience in PPP investments make Spain an ideal case to analyse the successes and failures of these types of contracts, at a time of severe public investment constraints and need for real efficient execution of projects. This paper aims to provide an up-to-date review of PPP experiences in Spanish ports under a legislative framework which fosters public-private cooperation. More explicit and exhaustive contract terms, proper risk assignment, a higher control over demand forecast in port projects, and certain competition concerns are identified as the main requirements for future policy actions.

Suggested Citation

  • Cabrera, María & Suárez-Alemán, Ancor & Trujillo, Lourdes, 2015. "Public-private partnerships in Spanish Ports: Current status and future prospects," Utilities Policy, Elsevier, vol. 32(C), pages 1-11.
    • Handle: RePEc:eee:juipol:v:32:y:2015:i:c:p:1-11
    DOI: 10.1016/j.jup.2014.11.002
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    References listed on IDEAS

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