Overview
- Provides a unique set of data on transportation renegotiations in Public Private Partnerships (PPP)
- Offers an overall guide to understand and manage renegotiations in transportation PPP
- Includes case-studies with a detailed analysis of why and how renegotiations occur
Part of the book series: Competitive Government: Public Private Partnerships (CGPPP)
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Table of contents (10 chapters)
Keywords
About this book
There is a growing interest in Public-Private Partnerships (PPPs), particularly in infrastructure and public services. Under the scope of PPPs, renegotiations are becoming more relevant, as empirical evidence suggests that most PPP projects are inevitably renegotiated, i.e., the original contract needs to be adapted to new and unforeseen circumstances. Renegotiations have a substantial impact on the contract and performance of a PPP and usually represent significant costs for users and taxpayers. However, very little is known about the management and, mainly, the process of renegotiating that will, very likely, occur.
This book provides a set of case-studies of PPP renegotiations in the transport sector. The authors illustrate the Portuguese experience, a country that has been using PPP extensively, particularly in transport. The case studies provide an extensive and detailed analysis on each aspect of the project and the renegotiation. What drives renegotiations? Why are some projects more renegotiated than others? What are the results? How can the performance of renegotiation processes be improved? These and other questions provide the basis for the discussions in this book. The novelty and value of the book come mainly from the extent of information available. Each case-study deals with these questions in much more detail than what is common in the case-studies approach.
Authors and Affiliations
About the authors
Joaquim Miranda Sarmento is an Assistant Professor of Finance at ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Portugal. He holds a PhD in Finance from Tilburg University, Netherlands. He was a chief economic advisor to the President of the Portuguese Republic and has worked at UTAO (Technical Budget Support Unit at parliament) and for more than 10 years at the Portuguese Ministry of Finance.
Bibliographic Information
Book Title: Public Private Partnerships Renegotiations in Transportation
Book Subtitle: Case Studies from Portugal
Authors: Carlos Oliveira Cruz, Joaquim Miranda Sarmento
Series Title: Competitive Government: Public Private Partnerships
DOI: https://doi.org/10.1007/978-3-030-98511-0
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-98510-3Published: 14 May 2022
Softcover ISBN: 978-3-030-98513-4Published: 14 May 2023
eBook ISBN: 978-3-030-98511-0Published: 13 May 2022
Series ISSN: 2524-4183
Series E-ISSN: 2524-4191
Edition Number: 1
Number of Pages: XVIII, 189
Number of Illustrations: 6 b/w illustrations, 27 illustrations in colour
Topics: Public Administration, Microeconomics, Public Finance, Industries