PUBLIC PRIVATE PARTNERSHIPS IN MEXICO: FINANCING AND SOCIAL BENEFITS IN ROAD INFRASTRUCTURE PROJECTS, LAS ASOCIACIONES PUBLICO PRIVADAS EN MEXICO: FINANCIACION Y BENEFICIOS SOCIALES EN PROYECTOS DE INFRAESTRUCTURA CARRETERA

Eva Lozano Montero, Roberto Godínez Lopez and Saúl Manuel Albor Guzman

Revista Global de Negocios, 2017, vol. 5, issue 7, 23-43

Abstract: Public and Private Partnerships in Mexico have become a financing strategy alternative for infrastructure development and for the economic development of the country. These partnerships have been applied mainly in the road sector. However, the operation of these partnerships has caused controversy due to failed experiences. These failed experiences have exposed relevant deficiencies or areas of opportunity such as the lack of involvement of society and insufficiency of transparency mechanisms. These factors are present in the forming of Weighted Average Cost of Capital, as well as in accountability. This study analyses the contribution of Public Private Partnerships to the social and economic development of the country. We also examine their feasibility as a sustainable alternative for the development of road infrastructure in Mexico. Obtained results show that Public Private Partnerships partially support the development of the road sector. Private sector centers its efforts in the search of profitability leaving aside the quality of the assets and social benefit

Keywords: Road Infrastructure; Economic Development; Costs; Social Benefit (search for similar items in EconPapers)
JEL-codes: H41 H42 H43 H54 R41 R42 R48 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:rgnego:v:5:y:2017:i:7:p:23-43

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