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

Author

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  • 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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    5. Klein, Michael, 1997. "The Risk Premium for Evaluating Public Projects," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 13(4), pages 29-42, Winter.
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    Cited by:

    1. 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.

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