Economics at your fingertips  

Measuring the value for money of transport infrastructure procurement; an intergenerational approach

Domingo Penyalver, Mateu Turró and John B. Williamson

Transportation Research Part A: Policy and Practice, 2019, vol. 119, issue C, 238-254

Abstract: Cost-benefit analysis is essential for decision-making in connection with major transport projects and integrated investment programmes. Projects of transport infrastructure have traditionally been publicly promoted and managed, but funded through both public and private sources. While budget allocations are always somehow present, the financing of the project may involve private participation, including user fees and loans of various types. Actually, management models involving private actors have been increasingly used in recent decades. The background supporting this trend is that private ingenuity and expertise in dealing with risk improves overall project efficiency enough to compensate for the additional expenditure generated by these models. In addition, the government promoting the investment may use private finance as a mechanism to place it off-budget.

Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from
https://shop.elsevie ... _01_ooc_1&version=01

Access Statistics for this article

Transportation Research Part A: Policy and Practice is currently edited by John (J.M.) Rose

More articles in Transportation Research Part A: Policy and Practice from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-01-19
Handle: RePEc:eee:transa:v:119:y:2019:i:c:p:238-254