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The favourability of U.S. PPP enabling legislation and private investment in transportation infrastructure

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  • Geddes, R. Richard
  • Reeves, Eoin

Abstract

The capacity of individual U.S. states to utilize public-private partnerships (PPPs) is influenced by the existence and nature of PPP enabling laws. We examine the nature of PPP enabling legislation and how it varies across states. Although commentators stress the importance of enabling laws, the relationship between the favourability of legislation and the transportation PPPs completed in each state remains unclear. We study three states where substantial PPP investment has occurred. That experience sheds light on the type of legislation required to remove obstacles to PPP investment but also the constraints remaining in each state. We uncover a relatively weak connection between enabling laws and PPP investment activity. We conclude that the existence of enabling legislation is a helpful but not necessarily sufficient condition for PPP investment.

Suggested Citation

  • Geddes, R. Richard & Reeves, Eoin, 2017. "The favourability of U.S. PPP enabling legislation and private investment in transportation infrastructure," Utilities Policy, Elsevier, vol. 48(C), pages 157-165.
    • Handle: RePEc:eee:juipol:v:48:y:2017:i:c:p:157-165
    DOI: 10.1016/j.jup.2017.07.002
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    References listed on IDEAS

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    Cited by:

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    2. Teti, Emanuele & Tului, Stefano, 2020. "Do mergers and acquisitions create shareholder value in the infrastructure and utility sectors? Analysis of market perceptions," Utilities Policy, Elsevier, vol. 64(C).
    3. Yanchun Zhang & Jianglin Gu & Ming Shan & Yazhi Xiao & Amos Darko, 2018. "Investigating Private Sectors’ Behavioral Intention to Participate in PPP Projects: An Empirical Examination Based on the Theory of Planned Behavior," Sustainability, MDPI, vol. 10(8), pages 1-25, August.
    4. Zhen Chen & Yaqi Zhao & Xia Zhou & Lin Zhang, 2020. "Investigating Critical Factors That Encourage Private Partners to Participate in Sports and Leisure Characteristic Town Public-Private Partnerships: Evidence from China," Sustainability, MDPI, vol. 12(8), pages 1-23, April.
    5. Yubo Guo & Igor Martek & Chuan Chen, 2019. "Policy Evolution in the Chinese PPP Market: The Shifting Strategies of Governmental Support Measures," Sustainability, MDPI, vol. 11(18), pages 1-24, September.
    6. Huige Xing & Yuelin Li & Hongyang Li, 2020. "Renegotiation Strategy of Public-Private Partnership Projects with Asymmetric Information—An Evolutionary Game Approach," Sustainability, MDPI, vol. 12(7), pages 1-23, March.
    7. Hu, Wanjie & Dong, Jianjun & Hwang, Bon-Gang & Ren, Rui & Chen, Zhilong, 2022. "Is mass rapid transit applicable for deep integration of freight-passenger transport? A multi-perspective analysis from urban China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 165(C), pages 490-510.

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