Lessons from Private Financing of Transport Infrastructure : Dutch Infrastructure in the 19th Century and European projects in the 20th Century
Abstract[eng] In the past decade serious doubts have been expressed on the efficiency of a strong public financial involvement in infrastructure. This provokes the question whether financing of infrastructure should be a task of the government. For this purpose, the paper first presents a concise theoretical overview under which cirÂcumstances there is a case for public intervention.. Interestingly, the financing and operation of transport infrastructure has not always been the task of the public sector. In the 19th century, the railway infrasÂtructure in Europe was financed and operated by the private sector. Later, the government took over more and more responsibilities. This paper analyses thereÂfore the reasons for the Dutch government to take over the financing of infrastrucÂture, in order to draw conclusions for the present and the future.. Also in the 20th century many European projects have been privately finanÂced. In the third part of the paper an overview is presented of several projects (e.g., Channel Tunnel, Mont Blanc Tunnel, Dartford Bridge, Dutch tunnels, Store-belt.) as well as an analysis of the circumstances under which these are economiÂcally successful and politically feasible.. It is concluded that the influence of governments will - and should- remain substantial because of economic, political and environmental reasons. However, (some degree of) private financing is an interesting option for transport infrastrucÂture in various cases. [fre] Durant la derniÃ¨re dÃ©cennie, de sÃ©rieux doutes ont Ã©tÃ© Ã©mis quant Ã l'efficacitÃ© d'une forte participation financiÃ¨re publique dans les infrastructures. Cela mÃ¨ne Ã se demander si le financement des infrastructures devrait Ãªtre une tÃ¢che du gouÂvernement. Dans ce but, cet article passe d'abord briÃ¨vement en revue les cirÂconstances justifiant une intervention publique.. II est intÃ©ressant de constater que le financement et la gestion des infrastruc tures de transport pas toujours Ã©tÃ© du re
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 48 (1997)
Issue (Month): 2 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Peter Nijkamp & Sytze A.Rienstra, 1997. "Lessons from Private Financing of Transport Infrastructure : Dutch Infrastructure in the 19th Century and European projects in the 20th Century," Revue Économique, Programme National Persée, vol. 48(2), pages 231-246.
- Rienstra, S.A. & Nijkamp, P., 1996. "Lessons from private financing of transport infrastructure: Dutch infrastructure in the 19th century and European projects in the 20th century," Serie Research Memoranda 0013, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- G Marcou, 1993. "Public and private sectors in the delivery of public infrastructure: the case of the Channel Tunnel from an international perspective," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 11(1), pages 1-18, February.
- Nijkamp, Peter & Rienstra, Sytze A, 1995. "Private Sector Involvement in Financing and Operating Transport Infrastructure," The Annals of Regional Science, Springer, vol. 29(2), pages 221-35, May.
- Ashraf Bany Mohammed & Jorn Altmann, 2010. "A Funding and Governing Model for Achieving Sustainable Growth of Computing e-Infrastructures," TEMEP Discussion Papers 201062, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Jun 2010.
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