IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Lessons from Private Financing of Transport Infrastructure : Dutch Infrastructure in the 19th Century and European projects in the 20th Century

Listed author(s):
  • Peter Nijkamp
  • Sytze A.Rienstra

[eng] In the past decade serious doubts have been expressed on the efficiency of a strong public financial involvement in infrastructure. This provokes the question whether financing of infrastructure should be a task of the government. For this purpose, the paper first presents a concise theoretical overview under which cir­cumstances there is a case for public intervention. Interestingly, the financing and operation of transport infrastructure has not always been the task of the public sector. In the 19th century, the railway infras­tructure in Europe was financed and operated by the private sector. Later, the government took over more and more responsibilities. This paper analyses there­fore the reasons for the Dutch government to take over the financing of infrastruc­ture, in order to draw conclusions for the present and the future. Also in the 20th century many European projects have been privately finan­ced. In the third part of the paper an overview is presented of several projects (e.g., Channel Tunnel, Mont Blanc Tunnel, Dartford Bridge, Dutch tunnels, Store-belt.) as well as an analysis of the circumstances under which these are economi­cally successful and politically feasible. It is concluded that the influence of governments will - and should- remain substantial because of economic, political and environmental reasons. However, (some degree of) private financing is an interesting option for transport infrastruc­ture in various cases. [fre] Durant la dernière décennie, de sérieux doutes ont été émis quant à l'efficacité d'une forte participation financière publique dans les infrastructures. Cela mène à se demander si le financement des infrastructures devrait être une tâche du gou­vernement. Dans ce but, cet article passe d'abord brièvement en revue les cir­constances justifiant une intervention publique.. II est intéressant de constater que le financement et la gestion des infrastruc tures de transport pas toujours été du ressort du secteur public Au XIXe siècle les infrastructures ferroviaires européennes étaient financées et exploitées par le secteur privé Par la suite tat assuma de plus en plus de responsabilités Cet article analyse ainsi les raisons pour lesquelles le gouvernement hollandais assumé le financement des infrastructures afin en tirer des conclusions pour le présent et le futur Même au XXe siècle de nombreux projets européens ont été financés par le secteur privé La troisième partie de cet article passe en revue plusieurs projets le tunnel sous la Manche le tunnel du mont Blanc le pont de Dartford les tunnels hollandais Storebeit etc. et analyse leurs conditions de succès économique et politique On pourra conclure que influence des gouvernements va et devra rester prépondérante pour des raisons économiques politiques et écologiques Cepen dant une certaine participation privée au financement des infrastructures de transport est une option intéressante dans divers cas

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

File URL:
Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Programme National Persée in its journal Revue économique.

Volume (Year): 48 (1997)
Issue (Month): 2 ()
Pages: 231-246

in new window

Handle: RePEc:prs:reveco:reco_0035-2764_1997_num_48_2_409872
Note: DOI:10.3406/reco.1997.409872
Contact details of provider: Web page:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

in new window

  1. G Marcou, 1993. "Public and private sectors in the delivery of public infrastructure: the case of the Channel Tunnel from an international perspective," Environment and Planning C: Government and Policy, Pion Ltd, London, vol. 11(1), pages 1-18, February.
  2. Nijkamp, Peter & Rienstra, Sytze A, 1995. "Private Sector Involvement in Financing and Operating Transport Infrastructure," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 29(2), pages 221-235, May.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1997_num_48_2_409872. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Equipe PERSEE)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.