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Chapter 4 The contracting of investment and operation, and the management of infrastructure funding bodies

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  • Meunier, David
  • Quinet, Emile

Abstract

Public authorities can make a wide variety of institutional arrangements for the provision and operation of infrastructure. What is the best organisation or, to put it more pragmatically, what are the advantages and drawbacks of the various options This is the question that the present chapter will address, building on the lessons of principal-agent theory and on the analysis of various situations pertinent to the European context. The creation of an infrastructure agency is discussed, and then various modes of transport are reviewed: motorways, railway tracks and seaports. Some numerical values are derived for parameters used in cost-benefit assessments of infrastructure projects.

Suggested Citation

  • Meunier, David & Quinet, Emile, 2007. "Chapter 4 The contracting of investment and operation, and the management of infrastructure funding bodies," Research in Transportation Economics, Elsevier, vol. 19(1), pages 81-109, January.
  • Handle: RePEc:eee:retrec:v:19:y:2007:i:1:p:81-109
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    Cited by:

    1. Julián Sierra Tamayo & Jose Manuel Vassallo & María de los Ángeles Baeza, 2014. "Unbundling tolls from contracts: a new road PPP model," Public Money & Management, Taylor & Francis Journals, vol. 34(6), pages 447-451, November.
    2. Meunier, David & Quinet, Emile, 2010. "Tips and Pitfalls in PPP design," Research in Transportation Economics, Elsevier, vol. 30(1), pages 126-138.

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