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Private concession contracts for toll roads in Spain: analysis and recommendations

Author

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  • María de los Ángeles Baeza
  • José Manuel Vassallo

Abstract

Spain has a long history of using the private sector to help build and operate public infrastructure, particularly roads. This article presents new data about toll motorways. The authors found that contracts in Spain are characterized by significant traffic overestimations and frequent renegotiations, which can lead to toll modifications or longer contracts. They suggest reasons for this and some solutions—both of which have significance for other countries.

Suggested Citation

  • María de los Ángeles Baeza & José Manuel Vassallo, 2010. "Private concession contracts for toll roads in Spain: analysis and recommendations," Public Money & Management, Taylor & Francis Journals, vol. 30(5), pages 299-304, September.
    • Handle: RePEc:taf:pubmmg:v:30:y:2010:i:5:p:299-304
    DOI: 10.1080/09540962.2010.509179
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    References listed on IDEAS

    as
    1. Gisele F. Silva, 2000. "Toll Roads : Recent Trends in Private Participation," World Bank Publications - Reports 11408, The World Bank Group.
    2. Clive Harris, 2003. "Private Participation in Infrastructure in Developing Countries : Trends, Impacts, and Policy Lessons," World Bank Publications - Books, The World Bank Group, number 15124, December.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Odeck, James, 2017. "Government versus toll funding of road projects – A theoretical consideration with an ex-post evaluation of implemented toll projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 98(C), pages 97-107.
    2. Juli�n Sierra Tamayo & Jose Manuel Vassallo & María de los Ángeles Baeza, 2014. "Unbundling tolls from contracts: a new road PPP model," Public Money & Management, Taylor & Francis Journals, vol. 34(6), pages 447-451, November.
    3. Vassallo, José Manuel, 2010. "The role of the discount rate in tendering highway concessions under the LPVR approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 44(10), pages 806-814, December.
    4. Kokkaew, Nakhon & Oliveira Cruz, Carlos & Alexander, Derek, 2015. "The impact of rule of laws on the recovery of distressed PPP infrastructure Projects," MPRA Paper 77494, University Library of Munich, Germany.
    5. Baños-Pino, José F. & Boto-García, David & Zapico, Emma, 2021. "Persistence and dynamics in the efficiency of toll motorways: The Spanish case," Efficiency Series Papers 2021/03, University of Oviedo, Department of Economics, Oviedo Efficiency Group (OEG).
    6. Baños-Pino, José F. & Boto-García, David & Zapico, Emma, 2022. "Persistence and dynamics in the efficiency of toll motorways: The Spanish case," Economics of Transportation, Elsevier, vol. 31(C).
    7. Andrey Berezin & Bruno S. Sergi & Natalia Gorodnova, 2018. "Efficiency Assessment of Public-Private Partnership (PPP) Projects: The Case of Russia," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    8. Macário, Rosário & Ribeiro, Joana & Costa, Joana Duarte, 2015. "Understanding pitfalls in the application of PPPs in transport infrastructure in Portugal," Transport Policy, Elsevier, vol. 41(C), pages 90-99.
    9. Morten Skou Nicolaisen & Patrick A. Driscoll, 2016. "An International Review of Ex-Post Project Evaluation Schemes in the Transport Sector," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 1-33, March.
    10. Odeck, James, 2019. "Estimating and predicting the operational costs of road tolls: An econometric assessment using panel data," Transportation Research Part A: Policy and Practice, Elsevier, vol. 130(C), pages 466-478.
    11. Odeck, James & Welde, Morten, 2017. "The accuracy of toll road traffic forecasts: An econometric evaluation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 101(C), pages 73-85.
    12. Alejandro Ortega & Maria de los Angeles Baeza & Jose Manuel Vassallo, 2016. "Contractual PPPs for Transport Infrastructure in Spain: Lessons from the Economic Recession," Transport Reviews, Taylor & Francis Journals, vol. 36(2), pages 187-206, March.

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