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Contribution to the study of PPP arrangements in airport development, management and operation

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  • Cruz, Carlos Oliveira
  • Marques, Rui Cunha

Abstract

Following the liberalization wave in the airline sector, airports have been gradually taken out of the public sphere and open to the private initiative. This phenomenon is generally referred to as privatization, but not all the cases consist of, in fact, a full divestiture of assets. Although infrastructure management is undertaken by the private sector during a pre-defined period, usually 30 years or more, the property remains public or is transferred to the public domain after that period. This is a form of Public-Private Partnership (PPP) where two different models can be found: institutionalized PPP or a typical contractual regime, such as the concession arrangements. PPP options have been a "hot" topic over the last decade, but few studies can be found in the literature on the PPP projects development in airport systems, for example, as far as risk sharing is concerned. This paper looks at recent developments in airport "privatization", distinguishing privatizations from PPP arrangements, through a case study approach, and establishing a comparative analysis of different PPP models used for airport management. Some comments are made about the Portuguese model and the announcement of future privatization.

Suggested Citation

  • Cruz, Carlos Oliveira & Marques, Rui Cunha, 2011. "Contribution to the study of PPP arrangements in airport development, management and operation," Transport Policy, Elsevier, vol. 18(2), pages 392-400, March.
  • Handle: RePEc:eee:trapol:v:18:y:2011:i:2:p:392-400
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    Cited by:

    1. Ferreira, Diogo Cunha & Marques, Rui Cunha & Pedro, Maria Isabel, 2016. "Comparing efficiency of holding business model and individual management model of airports," Journal of Air Transport Management, Elsevier, vol. 57(C), pages 168-183.
    2. D’Alfonso, Tiziana & Daraio, Cinzia & Nastasi, Alberto, 2015. "Competition and efficiency in the Italian airport system: new insights from a conditional nonparametric frontier analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 80(C), pages 20-38.
    3. Jinbo Song & Honglian Zhang & Wanli Dong, 2016. "A review of emerging trends in global PPP research: analysis and visualization," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(3), pages 1111-1147, June.
    4. repec:eee:juipol:v:48:y:2017:i:c:p:147-156 is not listed on IDEAS
    5. Xu, Meng & Grant-Muller, Susan & Gao, Ziyou, 2015. "Evolution and assessment of economic regulatory policies for expressway infrastructure in China," Transport Policy, Elsevier, vol. 41(C), pages 42-49.
    6. Sand, Jan Y., 2012. "Infrastructure quality regulation," Transport Policy, Elsevier, vol. 24(C), pages 310-319.
    7. repec:eee:juipol:v:50:y:2018:i:c:p:175-193 is not listed on IDEAS

    More about this item

    Keywords

    Airport concessions Portugal Public-private partnerships Privatization;

    JEL classification:

    • L93 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Air Transportation
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics

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