Public–private partnerships in China: A case of the Beijing No.4 Metro line

Zheng Chang

Transport Policy, 2013, vol. 30, issue C, 153-160

Abstract: Through a case study on Beijing's No. 4 Metro line, this paper illustrates benefits, costs, opportunities and risks in public–private partnerships (PPP) in China. It describes the process to land a concession agreement; demonstrates the consequences for revenue and costs from using a private entrepreneur; and estimates the benefits to the public sector. By using a PPP model, the public sector may save up to 31% of its initial investment and 9.4% of total expenses during the concession. The private investor may earn a profit, but bears a risk due to absence of the rule of law.

Keywords: Public and private partnership; Beijing metro development; Cost saving; Revenue and cost analysis (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:trapol:v:30:y:2013:i:c:p:153-160

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DOI: 10.1016/j.tranpol.2013.09.011

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