Infrastructure Funding and Public-Private Partnerships

Alain Bonnafous ()

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Abstract: Towards the end of the twentieth century, the trend that seemed to be emerging in many countries was towards a certain distribution of roles whereby transport operations were assigned to the private sphere and infrastructure to the public sphere. Over the past ten years, however, growth in the use of PPPs has signalled a significant change which completely redefines the issue of infrastructure funding. For instance the financial profitability is more important than the socio-economic internal rate of return.

Keywords: Infrastructure Funding; Public-Private Partnerships; Profitability; Welfare gain; Financement des infrastructures; partenariat public-privé; rentabilité financière; rentabilité socio-économique (search for similar items in EconPapers)
Date: 2005
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00079768
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Citations: View citations in EconPapers (2)

Published in ECMT. 16th International Symposium on Theory and Practice in Transport Economics - 50 Years of Transport Research: Experience Gained and Major Challenges ahead = CEMT. 16ème Symposium international sur la théorie et la pratique dans l'économie des transports - 50 ans de recherche en économie des transports - L'expérience acquise et les grands enjeux - (Selected Proceedings), 2005, Paris, France. pp. 193-210 (English language) - pp. 209-227 (version française)

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