IDEAS home Printed from https://ideas.repec.org/a/eee/trapol/v2y1995i2p129-134.html
   My bibliography  Save this article

Privately funded infrastructure in the UK: Participants' risk in the Skye Bridge project

Author

Listed:
  • Moles, Peter
  • Williams, Geoffrey

Abstract

This paper examines the risk implications of the use of private funding for the Skye Bridge concessionary infrastructure project. The privatisation of infrastructure procurement in the UK arises as a result of the Government's consultation paper 'New roads by new means -- bringing in private finance' (Department of Transport (DoT), 1989) together with relaxation of the use of private finance, the so-called Ryrie rules. The analysis of the Skye Bridge project looks at the financing arrangements and the resultant risk and reward for the participants to the concession. The general conclusions are: 1. 1 private sector finance could be hard to mobilise to due to the perceived levels of risk and uncertainty;2. 2 in the case of the Skye Bridge, allowing full inflation adjustment of the toll charge may provide considerable potential windfall gains to the concessionaire;3. 3 only projects offering the highest return are likely to attract potential interest.

Suggested Citation

  • Moles, Peter & Williams, Geoffrey, 1995. "Privately funded infrastructure in the UK: Participants' risk in the Skye Bridge project," Transport Policy, Elsevier, vol. 2(2), pages 129-134, April.
    • Handle: RePEc:eee:trapol:v:2:y:1995:i:2:p:129-134
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0967-070X(95)91992-S
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guido Signorino, 2000. "Policy Mistakes, Wrong Solutions and the Collapse of Functional Equilibrium in the Urban Space," Regional and Urban Modeling 283600088, EcoMod.
    2. Cruz, Carlos Oliveira & Marques, Rui Cunha, 2011. "Contribution to the study of PPP arrangements in airport development, management and operation," Transport Policy, Elsevier, vol. 18(2), pages 392-400, March.
    3. Erik Amdal & Gunnar Bårdsen & Kåre Johansen & Morten Welde, 2007. "Operating costs in Norwegian toll companies: a panel data analysis," Transportation, Springer, vol. 34(6), pages 681-695, November.
    4. Song, Jinbo & Jin, Lulu & Zhao, Yunpeng & Hu, Wenjin, 2017. "Using bargaining-game model to negotiate compensation for the early termination of BOT highway projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 105(C), pages 197-209.
    5. Tsamboulas, Dimitrios A. & Kapros, Seraphim, 2003. "Freight village evaluation under uncertainty with public and private financing," Transport Policy, Elsevier, vol. 10(2), pages 141-156, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:2:y:1995:i:2:p:129-134. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.