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The Privatisation and Nationalisation of European Roads - Success and Failure in Public-Private Partnerships (Hardcover)
Loot Price: R3,315
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The Privatisation and Nationalisation of European Roads - Success and Failure in Public-Private Partnerships (Hardcover)
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Daniel Albalate has produced the most comprehensive review of
critical issues facing private participation in European motorways
to date. The book's scope is breathtaking, offering a concise
history of the development of European roads, and the main reasons
for the failure of many European motorway public-private
partnerships while reviewing the design of road public-private
partnerships. Readers will come away with a fresh understanding of
interactions between public policy and private participation in
road construction, financing, operation and maintenance' - Rick
Geddes, Associate professor in the Department of Policy Analysis
and Management at Cornell University'Daniel Albalate provides the
most comprehensive and updated analysis on privatization and
nationalization of motorways in Europe. Albalate's thorough review
of the trends in the ownership, management and financing of
European motorways is a must-read for anybody interested in what
are the factors that favor or undermine private participation in
this type of infrastructure, which is a subject of increasing
interest in the public policies in Europe, and throughout the
world. This book provides very useful insights for scholars, and
also relevant implications for policy makers.' - Germa Bel,
University of Barcelona, Spain This distinctive and timely book
examines the current state and trends in the ownership, management
and financing of European high capacity roads. Offering an analysis
of three pioneer countries in road privatization, Spain, France and
Italy, from their origins to their recent developments, it
evaluates how the design of privatization policies may lead to
their success or failure. Describing the trend in favoring
public-private collaboration and road charging, Professor Daniel
Albalate presents the theoretical framework of road privatization
and its relevant design issues. Exhaustively studying the national
experiences in historical perspective, he aims at providing lessons
on the good, the bad and the ugly of road privatisation. As a
result, this excellent study shows the increasing role of private
financing and ownership in Europe, a trend mainly explained by
fiscal motivations and the thrust of the European Commission.
Presenting an evaluation of the critical elements of the
contractual and regulatory design of the public-private
collaboration that determines the likelihood of success and
failure, this unique book will be of special interest to academics,
graduate students and policy makers interested in the public
provision and financing of road infrastructure, and public finance
more generally. Contents: Preface Introduction Part I: A Favourable
Trend to Privatisation 1. European Roads: Origins and Models of the
Past 2. Motorway Privatisation in Europe Part II: Economics of Road
Privatisation and the Design of PPPs 3. Privatisation and
Regulation of Motorways: The Background 4. The Design of
Public-Private Collaboration 5. Demand Risk Mitigation Mechanisms
6. When Privatisation Fails: Bailouts, Renegotiations and
Nationalisations Part III: Selected Experiences in Historical
Perspective 7. Spain 8. Italy 9. France Part IV: Evaluation PPPs:
What We Know About Motorway Privatization 10. An Evaluation of the
Private Participation in the Motorway Industry 11. Conclusions
References Index
General
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