Franklin

Better Regulation of Public-Private Partnerships for Transport Infrastructure / International Transport Forum.

Author/Creator:
International Transport Forum.
Publication:
Paris : OECD Publishing, 2013.
Format/Description:
Government document
Book
1 online resource (228 pages)
Series:
Round table (Transport Research Centre) 2074336X ; no.151.
ITF Round Tables 2074336X ; no.151

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Details

Subjects:
Transportation.
Summary:
Many governments seek to attract private finance for infrastructure through public-private partnerships (PPPs) in order to maintain investment at the same time as limiting public spending. Experience with PPPs has, however, been mixed. Some transport PPP projects have delivered major cost savings but many more have exceeded their budgets. PPPs are prone to overestimating revenues and when projects run into financial difficulty, risks have a tendency to revert to the taxpayer. The report examines the nature of risks and uncertainty associated with different types of PPP project and the practical consequences of transferring risks to private partners. It assesses the fiscal impact of PPPs and discusses budget procedures and accounting rules to limit the public liabilities they can create. The report also reviews the relative merits of tolls, availability payments and regulated asset base models for attracting finance for public infrastructure from private investors on a sustainable basis.
Contents:
Foreword
Executive summary
Summary and conclusions
Budgeting and reporting for public-private partnerships katja funke, tim irwin and isabel rial (imf)
Alternative ways of financing infrastructure investment: potential for 'novel' financing models
The fantasy world of private finance for transport via public private partnerships
Public private partnership in national highways: indian perspective
A roadmap to funding infrastructure development
List of participants.
Notes:
Title from title screen (viewed May 1, 2017).
Contributor:
SourceOECD (Online Service)
ISBN:
9789282103951
Access Restriction:
Restricted for use by site license.