Stochastic simulated rents in Portuguese public-private partnerships

José M.A. Matos, Sandra Ramos and Vítor Costa

Transportation Research Part A: Policy and Practice, 2019, vol. 130, issue C, 107-117

Abstract: This paper aims to study the contracts of the Portuguese Public-Private Partnerships (PPP) of the motorway sector which represent an important part of the Annual Portuguese State Budget, as well as a crucial contribution to the Portuguese Public Debt. Once the formulae determining annual rents due to the private partners depend on stochastic variables, their simulation is binding. Otherwise, the Public Finances can suffer large losses. Our study is essential aiming to defend the Public interest and the political transparency as well as to present tools to prevent future excessive costs.

Keywords: Public-private partnership; Public management; Road transport; Stochastic simulation; Mathematical formulae in PPP (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1016/j.tra.2019.09.005

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