Contractual PPPs for transport infrastructure in Spain: lessons from the economic recession

Ortega Hortelano, Alejandro and Baeza Muñoz, Mª de los Ángeles and Vassallo Magro, José Manuel (2016). Contractual PPPs for transport infrastructure in Spain: lessons from the economic recession. "Transport Reviews", v. 36 (n. 2); pp. 187-206. ISSN 0144-1647. https://doi.org/10.1080/01441647.2015.1076904.

Description

Title: Contractual PPPs for transport infrastructure in Spain: lessons from the economic recession
Author/s:
  • Ortega Hortelano, Alejandro
  • Baeza Muñoz, Mª de los Ángeles
  • Vassallo Magro, José Manuel
Item Type: Article
Título de Revista/Publicación: Transport Reviews
Date: 2016
ISSN: 0144-1647
Volume: 36
Subjects:
Faculty: E.T.S.I. Caminos, Canales y Puertos (UPM)
Department: Ingeniería Civil: Transporte y Territorio
Creative Commons Licenses: Recognition - No derivative works - Non commercial

Full text

[img]
Preview
PDF - Requires a PDF viewer, such as GSview, Xpdf or Adobe Acrobat Reader
Download (7MB) | Preview

Abstract

In this paper, we analyse the successes and failures of contractual public-private partnerships (PPPs) for delivering and operating transport infrastructure in Spain from the award of the first toll highway concession programme to the present. To that end, we show the risk allocation principles used in Spain and explore the evolution of the contracting approaches over the years. We found that the performance was reasonably good until the arrival of the economic crisis in 2008. Taking advantage of that, we make a review of contractual PPPs for different transport modes and assess the impact that the economic crisis has had on their business performance and the capacity of the central and regional governments to fulfil their commitments with the private sector. This analysis enabled us to identify measures that, if had been applied, would have improved the resilience of these contract during the economic crisis.

More information

Item ID: 45251
DC Identifier: http://oa.upm.es/45251/
OAI Identifier: oai:oa.upm.es:45251
DOI: 10.1080/01441647.2015.1076904
Official URL: http://www.tandfonline.com/doi/full/10.1080/01441647.2015.1076904
Deposited by: Memoria Investigacion
Deposited on: 23 Mar 2017 14:07
Last Modified: 01 May 2017 22:30
  • Logo InvestigaM (UPM)
  • Logo GEOUP4
  • Logo Open Access
  • Open Access
  • Logo Sherpa/Romeo
    Check whether the anglo-saxon journal in which you have published an article allows you to also publish it under open access.
  • Logo Dulcinea
    Check whether the spanish journal in which you have published an article allows you to also publish it under open access.
  • Logo de Recolecta
  • Logo del Observatorio I+D+i UPM
  • Logo de OpenCourseWare UPM