Download or read book ITF Roundtable Reports Public Private Partnerships for Transport Infrastructure Renegotiation and Economic Outcomes written by International Transport Forum and published by OECD Publishing. This book was released on 2017-02-24 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-private partnerships (PPPs) are an important vehicle for private participation in infrastructure investment, delivery and management. Renegotiations are an integral part of the PPP process but their prevalence varies markedly in different parts of the world. Renegotiations can be ...
Download or read book Public Private Partnerships for Transport Infrastructure written by Dejan Makovsek and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book ITF Round Tables Better Regulation of Public Private Partnerships for Transport Infrastructure written by International Transport Forum and published by OECD Publishing. This book was released on 2013-09-26 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report examines the nature of risks and uncertainty associated with different types of public-private partnership projects and the practical consequences of transferring risks to private partners.
Download or read book ITF Round Tables Major Transport Infrastructure Projects and Economic Development written by International Transport Forum and published by OECD Publishing. This book was released on 2014-12-24 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses the state of the art in understanding the economic effects of major transport infrastructure projects. It examines the limits of socio-economic cost-benefit analysis (CBA) and reviews the development of approaches to assessing the benefits of investment in large projects.
Download or read book Renegotiation of Transportation Public private Partnerships written by Jonathan L. Gifford and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public-private partnerships (P3s) typically rely on long-term contracts between participants. When conditions arise that fall outside the expectations embodied in the contract, one party may seek to renegotiate the contract terms. Globally, the frequency of P3 contract renegotiations has been sufficient to raise questions regarding why these events occur and what their consequences are for the projects and society. The literature highlights four relevant causes behind renegotiation occurrences: unexpected exogenous changes, the complexity of the contractual relationship, winner's curse and rent seeking behavior. This study examines the US experience with highway P3 renegotiations, including four types of event: contract modifications, defaults, bankruptcies and buyouts. While the US highway P3 market has grown gradually, failure to understand renegotiations and their potential consequences may dampen the market and adversely affect national infrastructure investment efforts. The analysis finds that insufficient evidence exists to disentangle the drivers of renegotiation in the US, although exogenous changes and contractual relationship complexity appear to be paramount. The analysis highlights the distinct political and institutional environment that shapes highway P3 renegotiations in the US, suggesting the need for continuing and sensible analysis to effectively manage the undesirable consequences of renegotiations.
Download or read book Public Private Partnerships for Transport Infrastructure written by Dejan Makovsek and published by . This book was released on 2014 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The use of public private partnerships (PPPs) for investment in transport infrastructure has a long history, spreading rapidly in Latin America in the 1980s and in the 1990s in the UK. There are many forms of PPP, ranging from the project finance type (e.g. Design, Build, Finance, Maintain, Operate (DBFMO) contracts) to concessions with economic regulation, with the line between partnership and outright privatisation somewhat blurred. PPPs sought to bring efficiency incentives from private sector management into network industries (power transmission, water supply, road and rail infrastructure provision) that bear the hallmarks of natural monopoly and were traditionally managed by the state in many places.
Download or read book ITF Roundtable Reports Transport System Resilience Summary and Conclusions written by International Transport Forum and published by OECD Publishing. This book was released on 2024-05-28 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transport sector currently faces a number of disruptions related to geopolitics, climate change and energy security. Transport system resilience refers to the sector’s capacity to deal with, adapt to and recover from such disruptions. This report sets out the main disruptions to transport systems worldwide. It explores ways to reduce uncertainty by assessing vulnerabilities, and the main mitigation and adaptation measures required to ensure transport systems function in times of crisis.
Download or read book The Renegotiations of Public Private Partnerships in Transportation written by Carlos Oliveira Cruz and published by Springer Nature. This book was released on 2021-02-18 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a theoretical basis for understanding the phenomenon of renegotiations in Public Private Partnerships (PPPs). It analyzes the case of transport projects, and provides empirical evidence from a variety of real-world projects. What drives renegotiations? Why are some projects more likely to be renegotiated than others? What are the outcomes? How can we improve the performance of renegotiation processes? These questions form the core of discussion in this book. PPPs are a procurement model for the delivery of infrastructure and public services that have experienced significant growth over the last three decades, particularly in terms of the development of transportation projects. The empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. The impacts of these changes on the welfare of the respective stakeholders are frequently asymmetric. Most academic research and professional guidelines are focused on PPP contract design and preparation of the procurement process, and very little has been published on the management and, mainly, the process of renegotiating that will – in all likelihood – occur. This book fills this gap in the academic discussion. Several country-based analyses and case studies from Europe and the Americas provide the reader with practical applications of the theory.
Download or read book The Development Dimension Enhancing Connectivity through Transport Infrastructure The Role of Official Development Finance and Private Investment written by OECD and published by OECD Publishing. This book was released on 2018-08-31 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport infrastructure is crucial to connect developing countries and help them to boost trade, growth and regional integration. This is because cross-border or long-distance roads and railways as well as international ports and airports are needed to move products and people around in a ...
Download or read book ITF Round Tables The Wider Economic Benefits of Transport Macro Meso and Micro Economic Transport Planning and Investment Tools written by International Transport Forum and published by OECD Publishing. This book was released on 2008-07-08 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Round Table challenges the standard cost-benefit analysis of transport infrastructure investment projects on the grounds that it ignores wider economic impacts of such projects.
Download or read book ITF Roundtable Reports Ex Post Assessment of Transport Investments and Policy Interventions written by International Transport Forum and published by OECD Publishing. This book was released on 2017-02-28 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ex-post evaluation is important to improving the delivery of transport policy objectives. It can be used for multiple purposes at the core of which is the improvement of ex-ante assessment. A small number of jurisdictions employ ex-post evaluation systematically and leading experience is ...
Download or read book Competitiveness and Private Sector Development Competitiveness in South East Europe A Policy Outlook 2018 written by OECD and published by OECD Publishing. This book was released on 2018-04-24 with total page 706 pages. Available in PDF, EPUB and Kindle. Book excerpt: Future economic development and the well-being of citizens in South East Europe (SEE) increasingly depend on greater economic competitiveness. Realising the region’s economic potential requires a holistic, growth-oriented policy approach. Against the backdrop of enhanced European Union (EU) ...
Download or read book ITF Round Tables Improving the Practice of Transport Project Appraisal written by International Transport Forum and published by OECD Publishing. This book was released on 2011-04-06 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the extent to which shortcomings in cost-benefit analysis for tranport projects can be addressed, focusing on equity and distributional impacts, agglomeration benefits and external costs. It also shows how best to present guidance on project selection to decision makers.
Download or read book Better Policies Germany Towards Stronger Fairer and Greener Growth written by OECD and published by OECD Publishing. This book was released on 2018-04-27 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Overall, the German economy is performing very well. Still, many citizens feel they do not sufficiently benefit from Germany’s good economic performance, as evidenced by the outcomes of the recent election. They perceive that their well-being is compromised by technological change, foreign ...
Download or read book ITF Round Tables Privatisation and Regulation of Urban Transit Systems written by International Transport Forum and published by OECD Publishing. This book was released on 2008-10-23 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines experience in integrating private management and capital with public transport policy objectives in a number of developed economies.
Download or read book Public Private Partnerships Renegotiations in Transportation written by Carlos Oliveira Cruz and published by Springer Nature. This book was released on 2022-05-13 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a growing interest in Public-Private Partnerships (PPPs), particularly in infrastructure and public services. Under the scope of PPPs, renegotiations are becoming more relevant, as empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. Renegotiations have a substantial impact on the contract and performance of a PPP and usually represent significant costs for users and taxpayers. However, very little is known about the management and, mainly, the process of renegotiating that will, very likely, occur. This book provides a set of case-studies of PPP renegotiations in the transport sector. The authors illustrate the Portuguese experience, a country that has been using PPP extensively, particularly in transport. The case studies provide an extensive and detailed analysis on each aspect of the project and the renegotiation. What drives renegotiations? Why are some projects more renegotiated than others? What are the results? How can the performance of renegotiation processes be improved? These and other questions provide the basis for the discussions in this book. The novelty and value of the book come mainly from the extent of information available. Each case-study deals with these questions in much more detail than what is common in the case-studies approach.
Download or read book Better Regulation of Public Private Partnerships for Transport Infrastructure written by Stephen Perkins and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report is based on discussions at an International Transport Forum Roundtable convened in September 2012 to review experience with the regulation of public private partnerships (PPPs) in the transport sector. Conclusions from the debate are developed with reference to the literature, particularly in relation to managing the risks associated with forecasting traffic. The report focuses on actuarial, structural and behavioural approaches to improving the regulation of PPPs and containing liabilities created by PPPs for public finance. It also examines the potential for private financing of infrastructure by treating packages of transport projects as regulated utilities. The report aims to clarify the objectives of PPPs, their impact on public finance and the different types of risk that need to be managed.
