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.
Table of Contents
I. National Context 1. Introducing the national context for PPPs – elements and dimensions 2. Diverging or converging PPP policies, regulations and supporting arrangements? A comparative analysis of twenty European countries 3. Finding an institutional evolutionary maturity concept: an exploratory analysis for European experience in PPPs 4. Transport PPPs east of Elbe: destined to succeed or doomed to fail? 5. National contexts for PPPs in Europe: conclusions and policy recommendations II. Decision Models 6. Decision Models in Public Private Partnerships: Introduction 7. Improving PPP decision-making processes: A Decision Support framework 8. Design the Tendering Process in PPPs: A Transaction Cost-based Approach 9. Bonds and Derivatives as Financing and Risk Management Instruments in PPPs 10. Decision Models in Public Private Partnerships: Conclusions, future research and policy recommendations III. Performance 11. Performance Monitoring and Assessment: Introduction 12. Main challenges in PPP’s for Port development 13. Critical Success Factors in Different Stages of Delivery in PPP transport Infrastructure Projects 14. Cross Country Analysis of PPP: The Case of Urban Light Rail Projects 15. Measuring Success in PPP Road Projects in Europe: A Performance Measurement System (PMS) 16. Performance monitoring and assessment: Conclusions, Future Research and Policy Recommendations IV. Efficiency 17. Efficiency in Transport PPPs: An Introduction 18. Multinational Comparison of the Tension between Standards and Context in Public-Private Partnerships 19. The Transport PPP Market: Strategic Investors 20. A Methodological Framework for the Credit Assessment of Transport Infrastructure Projects 21. Efficiency in Transport PPPs: Conclusions, future research and policy recommendations
Athena Roumboutsos is Assistant Professor at the Department of Shipping, Trade and Transport, University of the Aegean, Greece.