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Risk Sharing in Public-Private Partnerships: General Considerations and an Evaluation of the U.S. Practice in Road Transportation

Author

Listed:
  • Checherita, Cristina
  • Gifford, Jonathan

Abstract

This paper examines risks affecting Private-Public Partnership (PPP) projects in road infrastructure and the ways of sharing risk between the two partners. It provides a comprehensive typology of risks and, most importantly, attempts to identify PPP-specific risks or risks more likely to arise under a PPP arrangement than under traditional financing or complete privatization. The paper assesses the U.S. experience in the use of PPPs for road infrastructure and identifies the most important risk-factors.

Suggested Citation

  • Checherita, Cristina & Gifford, Jonathan, 2007. "Risk Sharing in Public-Private Partnerships: General Considerations and an Evaluation of the U.S. Practice in Road Transportation," 48th Annual Transportation Research Forum, Boston, Massachusetts, March 15-17, 2007 207820, Transportation Research Forum.
    • Handle: RePEc:ags:ndtr07:207820
    DOI: 10.22004/ag.econ.207820
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    References listed on IDEAS

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    Cited by:

    1. M. Rouhani, Omid, 2015. "Revenue Risk Mitigation Options for Toll Roads," MPRA Paper 67662, University Library of Munich, Germany.
    2. Iseki, Hiroyuki PhD & Taylor, Brian D. PhD & Uchida, Kansai MA, 2009. "Are Public-Private Partnerships a Good Choice for U.S. Highways? A Review of the Literature," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt8m7084dq, Institute of Transportation Studies, UC Berkeley.
    3. Vicente Alcaraz Carrillo de Albornoz & Juan Molina Millán & Antonio Lorenzo Lara Galera & Belén Muñoz-Medina, 2022. "A Dysfunctional Legal Framework for Failed Public–Private Partnership Projects: Accounting or Economics?," Social Sciences, MDPI, vol. 11(12), pages 1-12, November.
    4. Iseki, Hiroyuki & Houtman, Rebecca, 2012. "Evaluation of progress in contractual terms: Two case studies of recent DBFO PPP projects in North America," Research in Transportation Economics, Elsevier, vol. 36(1), pages 73-84.
    5. Kangsoo Kim & Jinoh Kim & Donghyung Yook, 2021. "Analysis of Features Affecting Contracted Rate of Return of Korean PPP Projects," Sustainability, MDPI, vol. 13(6), pages 1-21, March.

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