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PPP projects in transport: evidence from light rail projects in Spain

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  • Samuel Carpintero
  • Ole Helby Petersen

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.

Suggested Citation

  • Samuel Carpintero & Ole Helby Petersen, 2014. "PPP projects in transport: evidence from light rail projects in Spain," Public Money & Management, Taylor & Francis Journals, vol. 34(1), pages 43-50, January.
    • Handle: RePEc:taf:pubmmg:v:34:y:2014:i:1:p:43-50
    DOI: 10.1080/09540962.2014.865935
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    References listed on IDEAS

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    1. Allyson M. Pollock & David Price & Stewart Player, 2007. "An Examination of the UK Treasury's Evidence Base for Cost and Time Overrun Data in UK Value-for-Money Policy and Appraisal," Public Money & Management, Taylor & Francis Journals, vol. 27(2), pages 127-134, April.
    2. Litman, Todd, 2007. "Evaluating rail transit benefits: A comment," Transport Policy, Elsevier, vol. 14(1), pages 94-97, January.
    3. Basilio Acerete & Jean Shaoul & Anne Stafford, 2009. "Taking its toll: The private financing of roads in Spain," Public Money & Management, Taylor & Francis Journals, vol. 29(1), pages 19-26, January.
    4. Hans Van Ham & Joop Koppenjan, 2001. "BUILDING PUBLIC-PRIVATE PARTNERSHIPS: Assessing and managing risks in port development," Public Management Review, Taylor & Francis Journals, vol. 3(4), pages 593-616, December.
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    Cited by:

    1. Daniel Albalate & Germà Bel & Albert Gragera, 2018. "“When politics and lobbyism combine to promote white elephants by using PPPs”," IREA Working Papers 201823, University of Barcelona, Research Institute of Applied Economics, revised Oct 2018.
    2. Alpkokin, Pelin & Topuz Kiremitci, Sabahat & Black, John Andrew & Cetinavci, Sukru, 2016. "LRT and street tram policies and implementation in turkish cities," Journal of Transport Geography, Elsevier, vol. 54(C), pages 476-487.
    3. Daniel, Albalate & Germà, Bel & Albert, Gragera, 2019. "Politics, risk, and white elephants in infrastructure PPPs," Utilities Policy, Elsevier, vol. 58(C), pages 158-165.
    4. Zhao, Jianfeng & Liu, Henry J. & Love, Peter E.D. & Greenwood, David J. & Sing, Michael C.P., 2022. "Public-private partnerships: A dynamic discrete choice model for road projects," Socio-Economic Planning Sciences, Elsevier, vol. 82(PA).

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