Brenck, Andreas () (Berlin University of Technology) Beckers, Thorsten () (Berlin University of Technology) Heinrich, Maria () (Berlin University of Technology) von Hirschhausen, Christian () (Dresden University of Technology)
Abstract
This paper analyses the role of public-private partnerships (PPPs) for infrastructure development in the new EU member states and candidate countries in Central and Eastern Europe. We survey projects in transport, water, energy, and telecommunications sectors and then focus on the highway sector. Based on theoretical considerations and extensive fieldwork in Hungary, Poland, Croatia, and the Czech Republic, we find that PPPs have not been very successful in the region to date. This is mainly due to the unfavourable institutional environment during the transition period, suboptimal project design, and unrealistic demand projections. However, the conditions for successful PPPs have considerably improved, partly due to EU membership, so that PPPs remain an important option for the second generation of infrastructure projects.
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Publisher Info
Paper provided by European Investment Bank, Economic and Financial Studies in its series EIB Papers with number
10/2005.
Find related papers by JEL classification: H40 - Public Economics - - Publicly Provided Goods - - - General H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate R48 - Urban, Rural, and Regional Economics - - Transportation Systems - - - Government Pricing; Regulatory Policies
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