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Understanding pitfalls in the application of PPPs in transport infrastructure in Portugal

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  • Macário, Rosário
  • Ribeiro, Joana
  • Costa, Joana Duarte

Abstract

Over the last few decades, public–private partnerships (PPPs) have been increasingly used by governments to finance and manage complex operations in public investment, especially in the provision of transport infrastructure. Portugal has been in the forefront of the most active European countries in the market of PPPs, having adopted a specific legal framework and involving a large number of institutions in its PPP process. PPPs have had high costs for the State, with transparency issues leading to difficulties assessing performance and accountability. This paper attempts to relate those pitfalls of the Portuguese experience with PPPs with the regulatory framework that was adopted and changed along the decades, at the light of theory of regulation. It is a first step in further exploring the relationships between regulatory aspects and PPP performance in the Portuguese case. Several lessons can be learned from Portuguese experience to enhance the processes of successful implementation of PPPs. The paper addresses these elements and provides evidences on pitfalls that should be avoided.

Suggested Citation

  • Macário, Rosário & Ribeiro, Joana & Costa, Joana Duarte, 2015. "Understanding pitfalls in the application of PPPs in transport infrastructure in Portugal," Transport Policy, Elsevier, vol. 41(C), pages 90-99.
    • Handle: RePEc:eee:trapol:v:41:y:2015:i:c:p:90-99
    DOI: 10.1016/j.tranpol.2015.03.013
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    References listed on IDEAS

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    Cited by:

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    4. Miranda Sarmento, J.J. & Renneboog, Luc, 2016. "Anatomy of public-private partnerships : Creation, financing, and renegotiations," Other publications TiSEM dc944be7-8594-4439-90da-6, Tilburg University, School of Economics and Management.
    5. Oliveira, Matheus & Ribeiro, Joana & Macário, Rosário, 2016. "Are we planning investments to fail? Consequences of traffic forecast effects on PPP contracts: Portuguese and Brazilian cases," Research in Transportation Economics, Elsevier, vol. 59(C), pages 167-174.
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    9. Shahin Shakibaei & Pelin Alpkokin, 2019. "Conflict Resolution in Competitive Liberalized Railway Market: Application of Game Theoretic Concepts," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-21, November.
    10. Dónal Palcic & Eoin Reeves & Anne Stafford, 2018. "Lifting the Lid: the Private Financing of Motorway PPPs in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 49(2), pages 217-239.
    11. Thekiso MOLOKWANE & Alex NDUHURA & Lukamba Muhiya-TSHOMBE & Innocent NUWAGABA, 2020. "The role of PPPs in creating sustainable cities," Smart Cities International Conference (SCIC) Proceedings, Smart-EDU Hub, vol. 8, pages 283-302, November.
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