Public-Private Partnerships, Traditionally Financed Projects, and their Price

Dejan Makovsek

Journal of Transport Economics and Policy, 2013, vol. 47, issue 1, 143-155

Abstract: In theory, PPPs offer many advantages albeit with very limited solid empirical evidence, while issues regarding the misuse of PPPs for public accounting purposes still loom. The procurement of infrastructure through a PPP may be more expensive foremost because of two factors: the private sector expresses risk explicitly by including a risk premium in their price; and the private partner in the project may try to optimise the life cycle cost of the project, which would be expressed in increased upfront investment. This article provides evidence against the argument that PPPs are more expensive solely due to explicit risk expression. © 2013 LSE and the University of Bath

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.catchword.com/cgi-bin/cgi?ini=bc&body=l ... 0130101)47:1L.143;1- (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:tpe:jtecpo:v:47:y:2013:i:1:p:143-155

Access Statistics for this article

Journal of Transport Economics and Policy is currently edited by B T Bayliss, S A Morrison, A Smith and D Graham

More articles in Journal of Transport Economics and Policy from University of Bath
Bibliographic data for series maintained by Christopher F. Baum ().