A regulatory disaster or a lack of skills? The ‘non-value for money’ of motorway concessions in Italy revealed after the Genoa bridge collapse

Veronica Vecchi and Niccolò Cusumano

Public Management Review, 2020, vol. 22, issue 8, 1147-1170

Abstract: This paper analyses the financial dimension of motorway concessions in Italy, where financial plans have been released after the collapse of the Morandi Bridge. It contributes to the stream of literature regarding the excess in profitability of PPP, which can undermine value for money of these transactions, and the crucial role of financial competence to support regulatory decisions. It also provides a methodology that can be applied by regulators to monitor contracts and reduce information asymmetry.

Date: 2020
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DOI: 10.1080/14719037.2019.1619815

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