 Opportunities for Encouraging the Railway Infrastructure Investments through Application of Public-Private PartnershipsEconomic Studies journal, 2017, issue 2, 82-112 Abstract: The transport infrastructure is of crucial importance for efficient transport and economic development and this brings to the fore the issue of ensuring the financial resources needed for its development. Furthermore, in order to achieve the EU transport policy’s goals related to rebalancing European transport system and reviving railways, it is necessary to call up not only EU and budget funding but the private ones, as well. An important opportunity is to use public-private partnerships for solving the problems with inadequate level of investments in railway infrastructure, as well as for distribution of different project risks.The article suggests an analysis of different forms of PPP in railway transport and it defines different areas of application of PPPs and their benefits. Finally, the authors have presented an evaluation model for risks for public and private sectors in cases of application of PPP for building the railways corridors through the territory of Bulgaria. They conclude the real advantages of using this evaluation model in decision making process for the selection of the most appropriate form of public-private partnership if it is applicable. JEL-codes: R42 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2017:i:2:p:82-112 Access Statistics for this article More articles in Economic Studies journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC. |
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