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Risk management by SPV partners in toll road public private partnerships

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  • Richard Burke
  • Istemi Demirag

Abstract

Research on risk management in Public Private Partnerships (PPPs) has largely overlooked that the Special Purpose Vehicle (SPV) is made up of several project partners with different interests and objectives to manage risk. This paper makes an important contribution to this literature as it articulates SPV partners’ perceptions of how they manage risk in toll road PPPs. Our case studies show that the different skillsets of both the international and domestic partners with their sub-contractors provide opportunities for mitigating and managing risk but also pose potential problems in terms of measuring and obtaining value for money for taxpayers.

Suggested Citation

  • Richard Burke & Istemi Demirag, 2019. "Risk management by SPV partners in toll road public private partnerships," Public Management Review, Taylor & Francis Journals, vol. 21(5), pages 711-731, May.
    • Handle: RePEc:taf:rpxmxx:v:21:y:2019:i:5:p:711-731
    DOI: 10.1080/14719037.2018.1523450
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    Cited by:

    1. Medya Fathi, 2024. "A Structural Equation Model on Critical Risk and Success in Public–Private Partnership: Exploratory Study," JRFM, MDPI, vol. 17(8), pages 1-23, August.
    2. Roberto Moro-Visconti, 2021. "Networking Digital Platforms and Healthcare Project Finance Bankability," Sustainability, MDPI, vol. 13(9), pages 1-18, April.

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