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Public–private partnerships in China: A case of the Beijing No.4 Metro line


  • Chang, Zheng


Through a case study on Beijing's No. 4 Metro line, this paper illustrates benefits, costs, opportunities and risks in public–private partnerships (PPP) in China. It describes the process to land a concession agreement; demonstrates the consequences for revenue and costs from using a private entrepreneur; and estimates the benefits to the public sector. By using a PPP model, the public sector may save up to 31% of its initial investment and 9.4% of total expenses during the concession. The private investor may earn a profit, but bears a risk due to absence of the rule of law.

Suggested Citation

  • Chang, Zheng, 2013. "Public–private partnerships in China: A case of the Beijing No.4 Metro line," Transport Policy, Elsevier, vol. 30(C), pages 153-160.
  • Handle: RePEc:eee:trapol:v:30:y:2013:i:c:p:153-160
    DOI: 10.1016/j.tranpol.2013.09.011

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    References listed on IDEAS

    1. Erik-Hans Klijn & Geert R. Teisman, 2003. "Institutional and Strategic Barriers to Public—Private Partnership: An Analysis of Dutch Cases," Public Money & Management, Taylor & Francis Journals, vol. 23(3), pages 137-146, July.
    2. Etienne B Yehoue & Mona Hammami & Jean-François Ruhashyankiko, 2006. "Determinants of Public-Private Partnerships in Infrastructure," IMF Working Papers 06/99, International Monetary Fund.
    3. Erik-Hans Klijn & Geert R. Teisman, 2003. "Institutional and Strategic Barriers to Public-Private Partnership: An Analysis of Dutch Cases," Public Money & Management, Chartered Institute of Public Finance and Accountancy, vol. 23(3), pages 137-146, July.
    4. Phang, Sock-Yong, 2007. "Urban rail transit PPPs: Survey and risk assessment of recent strategies," Transport Policy, Elsevier, vol. 14(3), pages 214-231, May.
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    Cited by:

    1. Chang, Zheng, 2014. "Financing new metros—The Beijing metro financing sustainability study," Transport Policy, Elsevier, vol. 32(C), pages 148-155.
    2. repec:eee:transa:v:105:y:2017:i:c:p:106-122 is not listed on IDEAS


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