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.
I. National Context 1. Introducing the national context for PPPs – elements and dimensions Koen Verhoest, Martijn Van den Hurk, Nunzia Carbonara, Veiko Lember, Ole Helby Petersen, Walter Scherrer and Murwantara Soecipto 2. Diverging or converging PPP policies, regulations and supporting arrangements? A comparative analysis of twenty European countries Murwantara Soecipto, Koen Verhoest, Walter Scherrer and Ole Helby Petersen3. Finding an institutional evolutionary maturity concept: an exploratory analysis for European experience in PPPs Matheus Oliveira, Joana Costa, Joana Ribeiro and Rosário Macário4. Transport PPPs east of Elbe: destined to succeed or doomed to fail? Petr Witz, Pekka Leviäkangas and Agnieszka Łukasiewicz5. National contexts for PPPs in Europe: conclusions and policy recommendations Koen Verhoest, Ole Helby Petersen, Walter Scherrer, Murwantara Soecipto, Veiko Lember, Pekka Leviäkangas, Martijn Van den Hurk, Tom Willems, Petr Witz and Robert Ågren II. Decision Models 6. Decision Models in Public Private Partnerships: Introduction Nunzia Carbonara7. Improving PPP decision-making processes: A Decision Support framework Nunzia Carbonara, Sergio Domingues, Louis Gunnigan, Aristeidis Pantelias, Roberta Pellegrino and Thierry Vanelslander 8. Design the Tendering Process in PPPs: A Transaction Cost-based Approach Nunzia Carbonara, Nicola Costantino and Roberta Pellegrino9. Bonds and Derivatives as Financing and Risk Management Instruments in PPPs Theodore Syriopoulos10. Decision Models in Public Private Partnerships: Conclusions, future research and policy recommendations Nunzia Carbonara III. Performance 11. Performance Monitoring and Assessment: Introduction Champika Liyanage12. Main challenges in PPP’s for Port development Thierry Vanelslander and Sheila Farrell 13. Critical Success Factors in Different Stages of Delivery in PPP transport Infrastructure Projects Johannes T. Voordijk, Champika Lasanthi Liyanage and Alenka Temeljotov-Salaj14. Cross Country Analysis of PPP: The Case of Urban Light Rail Projects Joana Ribeiro, Rui Couchinho, Rosário Macário and Champika Liyanage15. Measuring Success in PPP Road Projects in Europe: A Performance Measurement System (PMS) Champika Lasanthi Liyanage, Felix Villalba Romero and Stanley Njuangang16. Performance monitoring and assessment: Conclusions, Future Research and Policy Recommendations Champika Lasanthi Liyanage IV. Efficiency 17. Efficiency in Transport PPPs: An Introduction Aristeidis Pantelias 18. Multinational Comparison of the Tension between Standards and Context in Public-Private Partnerships Geert Dewulf, Michael J. Garvin and Colin Duffield19. The Transport PPP Market: Strategic Investors Ancor Suárez-Alemán, Athena Roumboutsos and Nunzia Carbonara20. A Methodological Framework for the Credit Assessment of Transport Infrastructure Projects Athena Roumboutsos, Aristeidis Pantelias and Emmanouil Sfakianakis21. Efficiency in Transport PPPs: Conclusions, future research and policy recommendations Aristeidis Pantelias and Athena Roumboutsos