Is EU financial support enhancing the economic performance of PPP projects? An empirical analysis on the case of spanish road infrastructure

Garrido Maza, Laura and Gómez Sánchez, Juan and Baeza Muñoz, Mª de los Ángeles and Vassallo Magro, José Manuel (2017). Is EU financial support enhancing the economic performance of PPP projects? An empirical analysis on the case of spanish road infrastructure. "Transport Policy", v. 56 ; pp. 19-28. ISSN 0967-070X. https://doi.org/10.1016/j.tranpol.2017.02.010.

Description

Title: Is EU financial support enhancing the economic performance of PPP projects? An empirical analysis on the case of spanish road infrastructure
Author/s:
  • Garrido Maza, Laura
  • Gómez Sánchez, Juan
  • Baeza Muñoz, Mª de los Ángeles
  • Vassallo Magro, José Manuel
Item Type: Article
Título de Revista/Publicación: Transport Policy
Date: May 2017
ISSN: 0967-070X
Volume: 56
Subjects:
Freetext Keywords: Public-Private Partnerships; European financial instruments; Multiple regression model; Economic performance; Profitability; Spain
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

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Abstract

During the last few decades, the European Union has been promoting the use of PPPs in order to accelerate the development of the TEN-T for ensuring economic, social and territorial cohesion and increasing accessibility within the EU. To that end, several mechanisms have been put at the disposal of the Member States to enhance transport infrastructure of interest for the EU. This paper conducts a review of the main funding programs implemented by the EU authorities in order to evaluate to what extent the European support has been rightly channelled to PPP projects. To that end, a multiple regression model has been applied to road PPP projects in Spain to analyse whether those PPP projects with EU financial backing ultimately have a higher economic performance compared to those projects not receiving such a support. The research concludes that there is a positive correlation between receiving European financial support and the good economic performance of those projects.

Funding Projects

TypeCodeAcronymLeaderTitle
Government of SpainTRA2012-36590UnspecifiedJosé Manuel Vassallo MagroEU support mechanisms to promote public private partnerships for financing transeuropean transport infrastructure

More information

Item ID: 45439
DC Identifier: http://oa.upm.es/45439/
OAI Identifier: oai:oa.upm.es:45439
DOI: 10.1016/j.tranpol.2017.02.010
Official URL: http://www.sciencedirect.com/science/article/pii/S0967070X16300191
Deposited by: Memoria Investigacion
Deposited on: 19 Apr 2017 12:41
Last Modified: 01 Jun 2019 22:30
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