Public Private Partnerships Renegotiations In Transportation

Author : Carlos Oliveira Cruz,Joaquim Miranda Sarmento
Publisher : Springer Nature
Page : 190 pages
File Size : 40,9 Mb
Release : 2021-02-18
Category : Law
ISBN : 9783030612580

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The Renegotiations of Public Private Partnerships in Transportation by Carlos Oliveira Cruz,Joaquim Miranda Sarmento Pdf

This book provides a theoretical basis for understanding the phenomenon of renegotiations in Public Private Partnerships (PPPs). It analyzes the case of transport projects, and provides empirical evidence from a variety of real-world projects. What drives renegotiations? Why are some projects more likely to be renegotiated than others? What are the outcomes? How can we improve the performance of renegotiation processes? These questions form the core of discussion in this book. PPPs are a procurement model for the delivery of infrastructure and public services that have experienced significant growth over the last three decades, particularly in terms of the development of transportation projects. The empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. The impacts of these changes on the welfare of the respective stakeholders are frequently asymmetric. Most academic research and professional guidelines are focused on PPP contract design and preparation of the procurement process, and very little has been published on the management and, mainly, the process of renegotiating that will – in all likelihood – occur. This book fills this gap in the academic discussion. Several country-based analyses and case studies from Europe and the Americas provide the reader with practical applications of the theory.

Author : Carlos Oliveira Cruz,Joaquim Miranda Sarmento
Publisher : Springer Nature
Page : 200 pages
File Size : 40,5 Mb
Release : 2022-05-13
Category : Law
ISBN : 9783030985110

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Public Private Partnerships Renegotiations in Transportation by Carlos Oliveira Cruz,Joaquim Miranda Sarmento Pdf

There is a growing interest in Public-Private Partnerships (PPPs), particularly in infrastructure and public services. Under the scope of PPPs, renegotiations are becoming more relevant, as empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. Renegotiations have a substantial impact on the contract and performance of a PPP and usually represent significant costs for users and taxpayers. However, very little is known about the management and, mainly, the process of renegotiating that will, very likely, occur. This book provides a set of case-studies of PPP renegotiations in the transport sector. The authors illustrate the Portuguese experience, a country that has been using PPP extensively, particularly in transport. The case studies provide an extensive and detailed analysis on each aspect of the project and the renegotiation. What drives renegotiations? Why are some projects more renegotiated than others? What are the results? How can the performance of renegotiation processes be improved? These and other questions provide the basis for the discussions in this book. The novelty and value of the book come mainly from the extent of information available. Each case-study deals with these questions in much more detail than what is common in the case-studies approach.

Author : International Transport Forum
Publisher : OECD Publishing
Page : 156 pages
File Size : 50,8 Mb
Release : 2017-02-24
Category : Electronic
ISBN : 9789282108130

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ITF Roundtable Reports Public Private Partnerships for Transport Infrastructure Renegotiation and Economic Outcomes by International Transport Forum Pdf

Public-private partnerships (PPPs) are an important vehicle for private participation in infrastructure investment, delivery and management. Renegotiations are an integral part of the PPP process but their prevalence varies markedly in different parts of the world. Renegotiations can be ...

Author : Simon Hakim,Robert M. Clark,Erwin A. Blackstone
Publisher : Springer Nature
Page : 328 pages
File Size : 40,9 Mb
Release : 2022-07-30
Category : Law
ISBN : 9783031046285

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Handbook on Public Private Partnerships in Transportation, Vol II by Simon Hakim,Robert M. Clark,Erwin A. Blackstone Pdf

​Second in a two-volume set, this book discusses the role of public-private partnerships (PPPs) in global transportation infrastructure, specifically focusing on roads, bridges, and parking. To provide vital services in an era of shrinking government budgets, public-private partnerships have become an increasingly important part of travel infrastructure worldwide. This book describes and analyses the structure of various models of PPPs in several countries, evaluating their effectiveness, and drawing policy implications for future use. The chapters were written by leading international researchers and practitioners in the transportation field where each chapter is a case study on the adoption, implementation, and outcome of transportation services. Taken together, these diverse case studies provide an integrated framework for evaluating, using PPPs, and suggesting policy implications to both the public and the private sectors in transportation. Providing rigorous empirical analysis of PPPs in transportation, this volume will be of interest to researchers in public administration, political science, public choice, and economics as well as practitioners and policymakers involved in establishing and monitoring PPPs in transportation.

Author : Jeffrey N. Buxbaum,Iris N. Ortiz
Publisher : Transportation Research Board
Page : 138 pages
File Size : 53,9 Mb
Release : 2009
Category : Federal aid to transportation
ISBN : 9780309098298

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Public Sector Decision Making for Public-private Partnerships by Jeffrey N. Buxbaum,Iris N. Ortiz Pdf

"TRB's National Cooperative Highway Research Program (NCHRP) Synthesis 391: Public Sector Decision Making for Public-Private Partnerships examines information designed to evaluate the benefits and risks associated with allowing the private sector to have a greater role in financing and developing highway infrastructure"--Publisher's description.

Author : Simon Hakim,Robert M. Clark,Erwin A. Blackstone
Publisher : Springer Nature
Page : 350 pages
File Size : 51,9 Mb
Release : 2022-01-03
Category : Law
ISBN : 9783030834845

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Handbook on Public Private Partnerships in Transportation, Vol I by Simon Hakim,Robert M. Clark,Erwin A. Blackstone Pdf

This book discusses the role of public-private partnerships (PPPs) in global transportation infrastructure. Seen as a way to provide vital services in an era of shrinking government budgets, public-private partnerships have become an increasingly important part of travel infrastructure worldwide. This book describes and analyzes the structure of various models of PPPs in various countries, evaluating their effectiveness, and drawing policy implications for future use. Written by leading international researchers and practitioners in the transportation field, each chapter is a case study on the adoption, implementation, and outcome of transportation services in different municipalities. Taken together, these diverse case studies provide an integrated framework for evaluating and using PPPs. Providing rigorous empirical analysis of PPPs in transportation, this volume will be of interest to researchers in public administration, political science, and economics as well as practitioners and policymakers involved in establishing and monitoring PPPs in transportation.

Author : Carlos Oliveira Cruz,Rui Cunha Marques
Publisher : Springer Science & Business Media
Page : 189 pages
File Size : 54,9 Mb
Release : 2013-05-18
Category : Law
ISBN : 9783642369100

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Infrastructure Public-Private Partnerships by Carlos Oliveira Cruz,Rui Cunha Marques Pdf

Economic development and social welfare depend on the existence of effective and efficient infrastructure systems, particularly in health, energy, transportation and water, many of which are developed and managed through Public-Private Partnerships (PPPs). However, empirical evidence suggests some pitfalls in the use of these PPP arrangements. This book addresses these issues, focusing on mostly three key questions: How to improve the robustness of the decision-making process leading to the option of PPP? How to improve contract management as the longest phase of the process? How can contracts be improved to accommodate uncertainty and avoid harmful renegotiations? The authors explore the concept of flexible contracts, the uncertainty modeling for improving the robustness of the decision-making process, and develop an overall framework for effective contract management, along with a comprehensive analysis of current renegotiation patterns. The ultimate goal is to improve the contractual performance, as well as the overall infrastructure management and social welfare. ​

Author : Athena Roumboutsos
Publisher : Routledge
Page : 372 pages
File Size : 47,6 Mb
Release : 2015-07-28
Category : Business & Economics
ISBN : 9781317483724

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Public Private Partnerships in Transport by Athena Roumboutsos Pdf

Over the last thirty years Public Private Partnerships (PPPs) have been used to deliver transport capital projects and services. PPPs are complex arrangements that require a multi-disciplinary approach in order to assure their success, though research on the subject has been fragmented. This book fills the gap in existing literature by providing insight into these complex arrangements at their various stages of development. Public Private Partnerships in Transport: trends and theory is structured to follow the life-cycle of a PPP project and strikes a balance between theory and practice. Divided into four parts, each section highlights major concerns and offers and array of views and policy recommendations. Parts include context for national implementation, decision models, performance measures and efficiency standards. This book includes an expanded discussion on the findings presented, discussed and analysed at the closing event of the COST Action TU1001 network on the topic of PPPs in transport. The result will be of significant interest to the academic community, policy makers and practitioners.

Author : Taylor & Francis Group
Publisher : Routledge
Page : 173 pages
File Size : 44,6 Mb
Release : 2020-12-18
Category : Electronic
ISBN : 0367739178

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Public-Private Partnerships by Taylor & Francis Group Pdf

Public-private partnerships (PPPs) are arrangements between government and private actors with the objective of providing public infrastructure, facilities and services. Three fundamental questions frame the use of PPPs at the local level: What do PPPs look like? What gives rise to the use of PPPs? And, what are the outcomes of PPPs? The articles in this book provide insightful answers to these questions. In addition, the contributions in the book identify lines of research that invite further investigation, namely: problems related to the degree of risk transfer; the challenges posed by renegotiation; and evaluation of PPPs' results. The content of this book will be of interest for scholars, policy analysts, and policy makers. This book was published as a special issue of Local Government Studies.

Author : George T. Telliford
Publisher : Unknown
Page : 216 pages
File Size : 50,8 Mb
Release : 2009
Category : Business & Economics
ISBN : NWU:35556036981413

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Public-private Transportation Partnerships Around the World by George T. Telliford Pdf

Transportation agencies around the world continue to face fiscal challenges caused by the growing gap between the costs of preserving and expanding highway infrastructure and available highway program funding. The lack of dedicated public funding sources for transportation (in most other countries high motor fuel taxes are generally used non-transportation social programs) and the burdens placed on current transportation infrastructure (both highway and rail) by a growing global economy has long prompted transportation policymakers overseas, especially in Western Europe, to develop and apply alternative ways to finance and deliver needed transportation infrastructure. A number of countries have turned to the private sector for relief in the form of contractual Public-Private Partnerships (PPPs), representing a wide variety of project financing and delivery approaches to access capital markets; implement new technology; and expedite project delivery, operations, and maintenance in a more cost-effective manner. The common element of a PPP is that the public sponsor of infrastructure projects engages the private sector to a greater degree in the performance of certain functions previously handled by the public sector. This can range from contracted maintenance services to full financing, development, operations, and preservation. Some countries have effectively turned over the responsibilities, risks, and rewards associated with performing these functions to private sector through long-term concessions or franchises, whose financing is supported by tolls, shadow tolls, or availability payments (a form of shadow tolls).

Author : United States. Congress. House. Committee on Transportation and Infrastructure. Panel on Public-Private Partnerships
Publisher : Unknown
Page : 200 pages
File Size : 48,9 Mb
Release : 2014
Category : Infrastructure (Economics)
ISBN : MINN:31951D03791690G

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Overview of Public-private Partnerships in Highway and Transit Projects (113-57), March 5, 2014 by United States. Congress. House. Committee on Transportation and Infrastructure. Panel on Public-Private Partnerships Pdf

Author : Wendell C. Lawther,Lawrence L. Martin
Publisher : Lexington Books
Page : 278 pages
File Size : 41,5 Mb
Release : 2015-10-22
Category : Political Science
ISBN : 9781498504171

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Private Financing of Public Transportation Infrastructure by Wendell C. Lawther,Lawrence L. Martin Pdf

This book discusses a unique combination of best practices and lessons learned, including evaluation and transparency issues not found elsewhere in other texts. Given that P3s are evolving and changing, it contains the most up to date information and review of relevant sources. Other topics that have become more important are reviewed, including the value of benefit cost analysis and the appropriate discount rate to use for value for money analysis. Practices and policies are discussed throughout, highlighting efforts that could lead to successful outcomes. Although transparency is an issue discussed by many, this research indicates that greater transparency would lead to more publicly accepted P3s and ensure greater success. Given recent national news coverage of relevant topics, such as the Highway Trust Fund “running out of money," President Obama’s call for an infrastructure fund, and increasing Congressional interest and testimony, the content of this book is timely. A concurrent theme commonly addressed by other books and commentaries is the complexity of the topic and the lack of understanding of P3s. This research identifies practices and procedures that are innovative and “cutting edge.” Many of the best practices identified are not uniformly adopted by all officials wishing to create P3s. The analysis does not simply describe these practices, but provides insights into the potential advantages of adoption. Experiences in the United States as well as selected international efforts provide a wide range of potential sources from which to draw upon. This book provides a series of case studies and examples, including one chapter devoted to ten studies that were written by several internationally known authors. References to actual experiences are found throughout almost all of the chapters. These case studies reinforce and illustrate relevant points made throughout.

Author : Antonio Estache
Publisher : Unknown
Page : 29 pages
File Size : 51,8 Mb
Release : 2017
Category : Electronic
ISBN : OCLC:1290700452

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Public-Private Partnerships in Transport by Antonio Estache Pdf

This paper summarizes the evidence on the evolution of transport PPPs over the last 15 years or so. In the process, it provides a primer on the associated policy issues, including of the central role of project finance in the implementation of PPP policies and the debates on risk allocation in the design of PPPs. The paper also offers a discussion of the increasingly well recognized residual roles for the public sector in transport, with an emphasis on the regulatory debates surrounding the adoption of PPPs.

Author : Anonim
Publisher : Unknown
Page : 62 pages
File Size : 49,8 Mb
Release : 1998
Category : Public-private sector cooperation
ISBN : NWU:35556034529321

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Public/private Partnerships by Anonim Pdf

Author : Germà Bel,Trevor Brown,Rui Cunha Marques
Publisher : Routledge
Page : 175 pages
File Size : 42,9 Mb
Release : 2016-04-14
Category : Political Science
ISBN : 9781317574378

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Public-Private Partnerships: Infrastructure, Transportation and Local Services by Germà Bel,Trevor Brown,Rui Cunha Marques Pdf

Public–private partnerships (PPPs) are arrangements between government and private actors with the objective of providing public infrastructure, facilities and services. Three fundamental questions frame the use of PPPs at the local level: What do PPPs look like? What gives rise to the use of PPPs? And, what are the outcomes of PPPs? The articles in this book provide insightful answers to these questions. In addition, the contributions in the book identify lines of research that invite further investigation, namely: problems related to the degree of risk transfer; the challenges posed by renegotiation; and evaluation of PPPs’ results. The content of this book will be of interest for scholars, policy analysts, and policy makers. This book was published as a special issue of Local Government Studies.