PPPs in Spain: Lessons from the Economic Recession

Vassallo Magro, José Manuel; Baeza, María de los Ángeles y Ortega, Alejandro (2017). PPPs in Spain: Lessons from the Economic Recession. En: "Second International Conference on Public-Private Partnerships", 26-29 mayo 2015, Austin, Texas. ISBN 978-0-7844-8026-7. pp. 388-402. https://doi.org/10.1061/9780784480267.

Descripción

Título: PPPs in Spain: Lessons from the Economic Recession
Autor/es:
  • Vassallo Magro, José Manuel
  • Baeza, María de los Ángeles
  • Ortega, Alejandro
Tipo de Documento: Ponencia en Congreso o Jornada (Otro)
Título del Evento: Second International Conference on Public-Private Partnerships
Fechas del Evento: 26-29 mayo 2015
Lugar del Evento: Austin, Texas
Título del Libro: Advances in Public-Private Partnerships : Proceedings of the Second International Conference on Public-Private Partnerships
Fecha: 2017
ISBN: 978-0-7844-8026-7
Materias:
Palabras Clave Informales: PPPs, Spain, Contract Design, Risk Allocation, Economic Recession
Escuela: E.T.S.I. Caminos, Canales y Puertos (UPM)
Departamento: Ingeniería Civil: Transporte y Territorio
Licencias Creative Commons: Reconocimiento - Sin obra derivada - No comercial

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Resumen

In this paper, we analyze the successes and failures of PPPs and concession contracts for delivering and operating infrastructure in Spain from the award of the first toll highway concession program to the present and assess the impact that PPPs have had in infrastructure investment levels in Spain. To that end, we define the risk allocation principles used in Spain, and explore the evolution of the contracting approaches over the years. We found that the performance of PPPs is Spain was reasonably good until the arrival of the economic recession in 2008. Taking advantage of that, we make a trans-sector review of PPPs and study in-depth the impact that the economic recession has had on the business performance of PPPs in Spain and on the capacity of the central and regional governments to fulfill its commitments with the private sector. This analysis proved to be useful to assess to what extent PPP contracts were well designed and risks were correctly allocated. On the basis of the impact of the recession on PPP contracts, we were able to identify measures that, if had been applied, would have improved the present performance of PPPs.

Más información

ID de Registro: 50060
Identificador DC: http://oa.upm.es/50060/
Identificador OAI: oai:oa.upm.es:50060
Identificador DOI: 10.1061/9780784480267
URL Oficial: http://www.icppp2015.org/
Depositado por: Memoria Investigacion
Depositado el: 16 Abr 2018 15:53
Ultima Modificación: 16 Abr 2018 15:53
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