Implementation of safety based incentives in Public Private Partnerships (PPPs): an empirical analysis for the case of Spain

Rangel Guilherme Christiano, Thais and Vassallo Magro, José Manuel and Arenas Ramírez, Blanca del Valle (2011). Implementation of safety based incentives in Public Private Partnerships (PPPs): an empirical analysis for the case of Spain. In: "CIB TG72 /ARCOM Doctoral Research Workshop", 12/10/2011 - 12/10/2011, Preston, UK. ISBN 9781901922813.

Description

Title: Implementation of safety based incentives in Public Private Partnerships (PPPs): an empirical analysis for the case of Spain
Author/s:
  • Rangel Guilherme Christiano, Thais
  • Vassallo Magro, José Manuel
  • Arenas Ramírez, Blanca del Valle
Item Type: Presentation at Congress or Conference (Article)
Event Title: CIB TG72 /ARCOM Doctoral Research Workshop
Event Dates: 12/10/2011 - 12/10/2011
Event Location: Preston, UK
Title of Book: Proceecings of CIB TG72 /ARCOM Doctoral Research Workshop
Date: 2011
ISBN: 9781901922813
Subjects:
Faculty: E.T.S.I. Caminos, Canales y Puertos (UPM)
Department: Ingeniería Civil: Transportes [hasta 2014]
Creative Commons Licenses: Recognition - No derivative works - Non commercial

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Abstract

Public Private Partnerships (PPPs) are mostly implemented to circumvent budgetary constraints, and to encourage efficiency and quality in the provision of public infrastructure in order to reach social welfare. One of the ways of reaching the latter objective is by the introduction of performance based standards tied to bonuses and penalties to reward or punish the performance of the contractor. This paper focuses on the implementation of safety based incentives in PPPs in such a way that the better the safety outcome the greater larger will be the economic reward to the contractor. The main aim of this paper is to identify whether the incentives to improve road safety in PPPs are ultimately effective in improving safety ratios in Spain. To that end, Poisson and negative binomial regression models have been applied using information of motorways of the Spanish network of 2006. The findings indicate that even though road safety is highly influenced by variables that are not much controllable by the contractor such as the Average Annual Daily Traffic and the percentage of heavy vehicles, the implementation of safety incentives in PPPs has a positive influence in the reduction of fatalities, injuries and accidents.

More information

Item ID: 12482
DC Identifier: http://oa.upm.es/12482/
OAI Identifier: oai:oa.upm.es:12482
Deposited by: Memoria Investigacion
Deposited on: 09 Aug 2012 07:33
Last Modified: 24 Feb 2017 16:41
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