Revenue guarantee in public-private partnerships: a fair risk allocation model

2014 ◽  
Vol 32 (4) ◽  
pp. 403-415 ◽  
Author(s):  
Nunzia Carbonara ◽  
Nicola Costantino ◽  
Roberta Pellegrino
Keyword(s):  
Public Private Partnerships ◽  
Risk Allocation ◽  
Allocation Model

Evaluating the Effectiveness of Public–Private Partnerships in Highway Development: The Case of Virginia

2018 ◽  
Vol 2672 (4) ◽  
pp. 43-53 ◽  
Author(s):  
Yin Wang ◽  
Zhirong Jerry Zhao
Keyword(s):  
Risk Reduction ◽  
Partner Selection ◽  
Public Private Partnerships ◽  
Risk Allocation ◽  
Cost Overrun ◽  
Efficiency Gains ◽  
Highway Projects ◽  
Public Benefits ◽  
Financial Arrangements

Given the current momentum for public–private partnerships (PPPs), it is critical to review the experiences of PPP highway projects to see whether they succeed in serving public benefits. This article applies a goal-centered approach to evaluate the effectiveness of nine PPP highway projects in the Commonwealth of Virginia, U.S.A., that were implemented and opened to traffic between 1990 and 2016. Virginia has used highway PPPs more for financing or risk reduction than for efficiency gains. The authors examine four elements of contract agreements—PPP type, private partner selection, financial arrangements, and risk allocation—in these Virginian projects, and find that these arrangements have been effective in accessing innovative finance and preventing cost overrun, while the evidence is limited regarding shifting revenue risk or achieving efficiency gains.

Developing a Fuzzy Risk Allocation Model for PPP Projects in China

2010 ◽  
Vol 136 (8) ◽  
pp. 894-903 ◽  
Author(s):  
Yelin Xu ◽  
Albert P. C. Chan ◽  
John F. Y. Yeung
Keyword(s):  
Risk Allocation ◽  
Allocation Model
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