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Risk Sharing in Public-Private Partnerships: General Considerations and an Evaluation of the U.S. Practice in Road Transportation

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  • Checherita, Cristina
  • Gifford, Jonathan

Abstract

This paper examines risks affecting Private-Public Partnership (PPP) projects in road infrastructure and the ways of sharing risk between the two partners. It provides a comprehensive typology of risks and, most importantly, attempts to identify PPP-specific risks or risks more likely to arise under a PPP arrangement than under traditional financing or complete privatization. The paper assesses the U.S. experience in the use of PPPs for road infrastructure and identifies the most important risk-factors.

Suggested Citation

  • Checherita, Cristina & Gifford, Jonathan, 2007. "Risk Sharing in Public-Private Partnerships: General Considerations and an Evaluation of the U.S. Practice in Road Transportation," 48th Annual Transportation Research Forum, Boston, Massachusetts, March 15-17, 2007 207820, Transportation Research Forum.
    • Handle: RePEc:ags:ndtr07:207820
    DOI: 10.22004/ag.econ.207820
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    References listed on IDEAS

    as
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    4. J. Luis Guasch, 2004. "Granting and Renegotiating Infrastructure Concessions : Doing it Right," World Bank Publications - Books, The World Bank Group, number 15024, December.
    5. Klein, Michael, 1997. "The Risk Premium for Evaluating Public Projects," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 13(4), pages 29-42, Winter.
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    Cited by:

    1. Iseki, Hiroyuki PhD & Taylor, Brian D. PhD & Uchida, Kansai MA, 2009. "Are Public-Private Partnerships a Good Choice for U.S. Highways? A Review of the Literature," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt8m7084dq, Institute of Transportation Studies, UC Berkeley.

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