Built Environment Project and Asset Management: Volume 3 Issue 2

Public private partnerships in transport: theory and practice

Athena Roumboutsos, Rosário M.R. Macário

The purpose of this paper is to provide an introduction to the Special Issue on public private partnerships in transport: theory and practice, to justify its need, to highlight…

Financial anatomy of E4 Helsinki-Lahti shadow toll PPP-project

Pekka Leviäkangas, Marcus Wigan, Harri Haapasalo

The purpose of this paper is to investigate the returns to the investors and the state in private finance of road infrastructure. It uses an empirical case of the E4…

Fiscal effects and public risk in public-private partnerships

Emmanouil Sfakianakis, Mindel van de Laar

PPPs can impose important future public costs, while PPP government guarantees create explicit contingent liabilities similar to public debt obligations. The risk that arises from…

Real option theory for risk mitigation in transport PPPs

Roberta Pellegrino, Nevena Vajdic, Nunzia Carbonara

Public-private partnerships (PPPs) require the analysis and allocation of a broad spectrum of risks which are considered more complex than in traditional construction contracts…

Comparison of revenue guarantee programs in build-operation-transfer projects

Kohei Asao, Takashi Miyamoto, Hironori Kato, Crispin Emmanuel D. Diaz

The purpose of this study is to compare revenue guarantee programs in a build-operation-transfer project (BOT). Two types of revenue guarantee programs are formulated: a…

Use of key performance indicators for PPP transport projects to meet stakeholders’ performance objectives

Goran Mladenovic, Nevena Vajdic, Bjorn Wündsch, Alenka Temeljotov-Salaj

The need for more efficient and effective public-private partnership (PPP) projects makes performance management of increasing importance, especially with respect to stakeholder…

Can the pilot public-private partnerships project be applied in future urban rail development? : A case study of Beijing Metro Line 4 project

Tingting Liu, Suzanne Wilkinson

This purpose of this paper is to evaluate the experiences of public-private partnerships (PPPs) in China's urban rail development, investigates the critical factors impacting on…

A PPP renegotiation framework: a road concession in Greece

Nikos Nikolaidis, Athena Roumboutsos

The purpose of this paper is to present a framework approach to guide the identification of potential public private partnership (PPP) renegotiation outcomes is presented. The…