Public-private partnerships in Spanish Ports: Current status and future prospects
Ancor Suárez-Alemán and
Lourdes Trujillo ()
Utilities Policy, 2015, vol. 32, issue C, 1-11
Public-Private Partnerships (PPPs) have proved to be more than adequate as a means to develop transport infrastructure, especially in the case of large-scale infrastructure such as ports. However, under certain specific circumstances they can lead to certain failures, and so huge public losses. Both the country's hard-hit economy and its vast experience in PPP investments make Spain an ideal case to analyse the successes and failures of these types of contracts, at a time of severe public investment constraints and need for real efficient execution of projects. This paper aims to provide an up-to-date review of PPP experiences in Spanish ports under a legislative framework which fosters public-private cooperation. More explicit and exhaustive contract terms, proper risk assignment, a higher control over demand forecast in port projects, and certain competition concerns are identified as the main requirements for future policy actions.
Keywords: Public-Private Partnerships; Spanish port system; Spanish port legislation; Concessions; Transport infrastructure (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:32:y:2015:i:c:p:1-11
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