Why It Is So Hard? A History of Highway Concession Contracts in Poland

Waldemar Karpa () and Barbara Despiney ()
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Waldemar Karpa: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique
Barbara Despiney: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: In this paper we analyze the early stages of the highway construction program in Poland. We argue that the whole investment process could be accelerated if much attention was paid to establishing a better legal framework. Investigating the bids for the A2 highway and the implementation of the concession agreement, we highlight the excessive red tape and poor monitoring system which led to a serious slowdown in the construction process. We also stress the necessity of choosing the best adapted financing method for infrastructure investments, as the use of the Public-Private Partnership (PPP) scheme has partially failed because of its financial weakness.

Keywords: Franchising; Contractual Design; Concession Contract; Public-Private (search for similar items in EconPapers)
Date: 2008
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00266971
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Published in Studia Ekonomiczne - Economic Studies, 2008, LVI-LVII (1-2), pp.21-31

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00266971

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