Public Private Partnerships in Spanish Ports: Current status and future prospects. Cabrera, M., Suárez-Alemán, A., & Trujillo, L. Utilities Policy, 32:1--11, March, 2015. ![Public Private Partnerships in Spanish Ports: Current status and future prospects [link]](https://bibbase.org/img/filetypes/link.svg "link")
Paper doi abstract bibtex Public-Private Partnerships (PPPs) have proved to be more than adequate as a means to develop transport infrastructure, especially in the case of large-scale infrastructure such as ports. However, under certain specific circumstances they can lead to certain failures, and so huge public losses. Both the country's hard-hit economy and its vast experience in PPP investments make Spain an ideal case to analyse the successes and failures of these types of contracts, at a time of severe public investment constraints and need for real efficient execution of projects. This paper aims to provide an up-to-date review of PPP experiences in Spanish ports under a legislative framework which fosters public-private cooperation. More explicit and exhaustive contract terms, proper risk assignment, a higher control over demand forecast in port projects, and certain competition concerns are identified as the main requirements for future policy actions.
@article{cabrera_public_2015,
title = {Public {Private} {Partnerships} in {Spanish} {Ports}: {Current} status and future prospects},
volume = {32},
issn = {0957-1787},
shorttitle = {Public {Private} {Partnerships} in {Spanish} {Ports}},
url = {http://www.sciencedirect.com/science/article/pii/S0957178714000836},
doi = {10.1016/j.jup.2014.11.002},
abstract = {Public-Private Partnerships (PPPs) have proved to be more than adequate as a means to develop transport infrastructure, especially in the case of large-scale infrastructure such as ports. However, under certain specific circumstances they can lead to certain failures, and so huge public losses. Both the country's hard-hit economy and its vast experience in PPP investments make Spain an ideal case to analyse the successes and failures of these types of contracts, at a time of severe public investment constraints and need for real efficient execution of projects. This paper aims to provide an up-to-date review of PPP experiences in Spanish ports under a legislative framework which fosters public-private cooperation. More explicit and exhaustive contract terms, proper risk assignment, a higher control over demand forecast in port projects, and certain competition concerns are identified as the main requirements for future policy actions.},
urldate = {2014-12-05},
journal = {Utilities Policy},
author = {Cabrera, María and Suárez-Alemán, Ancor and Trujillo, Lourdes},
month = mar,
year = {2015},
keywords = {Concessions, Public-private partnerships, Spanish port legislation, Spanish port system, Transport infrastructure},
pages = {1--11},
file = {ScienceDirect Full Text PDF:files/50275/Cabrera et al. - 2015 - Public Private Partnerships in Spanish Ports Curr.pdf:application/pdf;ScienceDirect Snapshot:files/50276/S0957178714000836.html:text/html}
}
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