Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
PPPs in Spain: Lessons from the Economic Recession.
Year:2017
Research Areas
  • Transport
Information
Abstract
In this paper, we analyze the successes and failures of PPPs and concession contracts for delivering and operating infrastructure in Spain from the award of the first toll highway concession program to the present and assess the impact that PPPs have had in infrastructure investment levels in Spain. To that end, we define the risk allocation principles used in Spain, and explore the evolution of the contracting approaches over the years. We found that the performance of PPPs is Spain was reasonably good until the arrival of the economic recession in 2008. Taking advantage of that, we make a trans-sector review of PPPs and study in-depth the impact that the economic recession has had on the business performance of PPPs in Spain and on the capacity of the central and regional governments to fulfill its commitments with the private sector. This analysis proved to be useful to assess to what extent PPP contracts were well designed and risks were correctly allocated. On the basis of the impact of the recession on PPP contracts, we were able to identify measures that, if had been applied, would have improved the present performance of PPPs.
International
Si
Congress
Advances in Public-Private Partnerships. Second International Conference on Public-Private Partnerships
960
Place
Austin, Texas. Estados Unidos
Reviewers
Si
ISBN/ISSN
978-0-7844-8026-7
Start Date
26/05/2015
End Date
29/05/2015
From page
388
To page
402
Advances in Public-Private Partnerships. Proceedings of the Second International Conference on Public-Private Partnerships
Participants
  • Autor: Jose Manuel Vassallo Magro (UPM)
  • Autor: María de los Ángeles Baeza (Universidad de Granada)
  • Autor: Alejandro Ortega (TRANSyT)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Planificación del Transporte
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