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Infrastructure Funding and Public-Private Partnerships

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  • Alain Bonnafous

    (LET - Laboratoire d'économie des transports - UL2 - Université Lumière - Lyon 2 - ENTPE - École Nationale des Travaux Publics de l'État - CNRS - Centre National de la Recherche Scientifique)

Abstract

Towards the end of the twentieth century, the trend that seemed to be emerging in many countries was towards a certain distribution of roles whereby transport operations were assigned to the private sphere and infrastructure to the public sphere. Over the past ten years, however, growth in the use of PPPs has signalled a significant change which completely redefines the issue of infrastructure funding. For instance the financial profitability is more important than the socio-economic internal rate of return.

Suggested Citation

  • Alain Bonnafous, 2005. "Infrastructure Funding and Public-Private Partnerships," Post-Print halshs-00079768, HAL.
    • Handle: RePEc:hal:journl:halshs-00079768
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00079768
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    References listed on IDEAS

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    1. Paul H. Malatesta & Kathryn L. DeWenter, 2001. "State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity," American Economic Review, American Economic Association, vol. 91(1), pages 320-334, March.
    2. Alain Bonnafous, 1999. "Infrastructures publiques et financement privé : le paradoxe de la rentabilité financière," Revue d'Économie Financière, Programme National Persée, vol. 51(1), pages 157-166.
    3. Alain Bonnafous, 2002. "Les infrastructures de transport et la logique financière du partenariat public-privé : quelques paradoxes," Revue Française d'Économie, Programme National Persée, vol. 17(1), pages 173-194.
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    Cited by:

    1. Bonnafous, Alain, 2010. "Programming, optimal pricing and partnership contract for infrastructures in PPPs," Research in Transportation Economics, Elsevier, vol. 30(1), pages 15-22.
    2. Alain Bonnafous, 2006. "Financing future growth in infrastructure needs," Post-Print halshs-00339710, HAL.

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