A financial/economic crisis may have an adverse effect on transport public-private partnerships (PPPs) as both traffic demand is negatively influenced, and governments are further under pressure. However, research on awarded road PPP contracts over a 20-year period in the European Union (EU) and Latin America and the Caribbean (LAC) showed that the market slowdown is brief and followed by a re-bounce leading to an overall upward trend. The LAC region has experienced multiple financial setbacks with no significant change in the PPP market structure as opposed to the EU, where significant changes were observed concerning a shift in the remuneration schemes employed.
Keywords:
global financial crisis / public-private partnership / remuneration scheme
TY - JOUR
AU - Nikolić, Ana
AU - Roumboutsos, Athena
AU - Ćirilović-Stanković, Jelena
AU - Mladenović, Goran
PY - 2020
UR - https://grafar.grf.bg.ac.rs/handle/123456789/1926
AB - A financial/economic crisis may have an adverse effect on transport public-private partnerships (PPPs) as both traffic demand is negatively influenced, and governments are further under pressure. However, research on awarded road PPP contracts over a 20-year period in the European Union (EU) and Latin America and the Caribbean (LAC) showed that the market slowdown is brief and followed by a re-bounce leading to an overall upward trend. The LAC region has experienced multiple financial setbacks with no significant change in the PPP market structure as opposed to the EU, where significant changes were observed concerning a shift in the remuneration schemes employed.
PB - Elsevier
T2 - Utilities Policy
T1 - Has the latest global financial crisis changed the way road public-private partnerships are funded? A comparison of Europe and Latin America
VL - 64
DO - 10.1016/j.jup.2020.101044
ER -
@article{
author = "Nikolić, Ana and Roumboutsos, Athena and Ćirilović-Stanković, Jelena and Mladenović, Goran",
year = "2020",
abstract = "A financial/economic crisis may have an adverse effect on transport public-private partnerships (PPPs) as both traffic demand is negatively influenced, and governments are further under pressure. However, research on awarded road PPP contracts over a 20-year period in the European Union (EU) and Latin America and the Caribbean (LAC) showed that the market slowdown is brief and followed by a re-bounce leading to an overall upward trend. The LAC region has experienced multiple financial setbacks with no significant change in the PPP market structure as opposed to the EU, where significant changes were observed concerning a shift in the remuneration schemes employed.",
publisher = "Elsevier",
journal = "Utilities Policy",
title = "Has the latest global financial crisis changed the way road public-private partnerships are funded? A comparison of Europe and Latin America",
volume = "64",
doi = "10.1016/j.jup.2020.101044"
}
Nikolić, A., Roumboutsos, A., Ćirilović-Stanković, J.,& Mladenović, G.. (2020). Has the latest global financial crisis changed the way road public-private partnerships are funded? A comparison of Europe and Latin America. in Utilities Policy
Elsevier., 64.
https://doi.org/10.1016/j.jup.2020.101044
Nikolić A, Roumboutsos A, Ćirilović-Stanković J, Mladenović G. Has the latest global financial crisis changed the way road public-private partnerships are funded? A comparison of Europe and Latin America. in Utilities Policy. 2020;64.
doi:10.1016/j.jup.2020.101044 .
Nikolić, Ana, Roumboutsos, Athena, Ćirilović-Stanković, Jelena, Mladenović, Goran, "Has the latest global financial crisis changed the way road public-private partnerships are funded? A comparison of Europe and Latin America" in Utilities Policy, 64 (2020),
https://doi.org/10.1016/j.jup.2020.101044 . .
