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Past Abuses and Future Uses of Private Finance and Public Private Partnerships in Transport

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  • Stephen Glaister

Abstract

The article explains the origins of the Private Finance Initiative (PFI) and the way the policy has evolved under the present Labour administration into Public Private Partnership (PPP). The author gives an assessment of the future prospects for the PFI/PPP in the transport sector. He believes that PPPs can make a considerable contribution towards efficient transport service delivery and this will be maximized if there is a better understanding of what the policies are seeking to achieve. Much of the action in the immediate future in transport PPPs will be with the local authorities, including the new Greater London Authority.

Suggested Citation

  • Stephen Glaister, 1999. "Past Abuses and Future Uses of Private Finance and Public Private Partnerships in Transport," Public Money & Management, Taylor & Francis Journals, vol. 19(3), pages 29-36, July.
    • Handle: RePEc:taf:pubmmg:v:19:y:1999:i:3:p:29-36
    DOI: 10.1111/1467-9302.00176
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    Citations

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    Cited by:

    1. Emmanuelle Auriol & Pierre M. Picard, 2009. "Government Outsourcing: Public Contracting with Private Monopoly," Economic Journal, Royal Economic Society, vol. 119(540), pages 1464-1493, October.
    2. Asenova, Darinka & Beck, Matthias, 2010. "Crucial silences: When accountability met PFI and finance capital," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 21(1), pages 1-13.
    3. Xuto, Praj & Anderson, Richard J. & Graham, Daniel J. & Hörcher, Daniel, 2023. "Sustainable urban rail funding: Insights from a century-long global dataset," Transport Policy, Elsevier, vol. 130(C), pages 100-115.
    4. Thierry Alquier & Michel Cros & Sophie Cros & Guillaume Farde & Patrice Faure & Bertrand Pauvert & Jérémie Valloton, 2016. "Sur les traces de l'armée de l'Intérieur : état des lieux de la sécurité civile française depuis sa création à nos jours," Post-Print hal-01397392, HAL.
    5. Dónal Palcic & Eoin Reeves & Anne Stafford, 2018. "Lifting the Lid: the Private Financing of Motorway PPPs in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 49(2), pages 217-239.
    6. Xu, Meng & Grant-Muller, Susan & Gao, Ziyou, 2015. "Evolution and assessment of economic regulatory policies for expressway infrastructure in China," Transport Policy, Elsevier, vol. 41(C), pages 42-49.
    7. Ricardo Ferreira Reis & Joaquim Miranda Sarmento, 2019. "“Cutting costs to the bone”: the Portuguese experience in renegotiating public private partnerships highways during the financial crisis," Transportation, Springer, vol. 46(1), pages 285-302, February.

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