Risk transfer in PPP projects: analysis of managed lanes in North Texas
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Abstract
Risk transfer is at the core of PPP projects, and it becomes particularly relevant when the demand risk is transferred to the concessionaire. The main purpose of this research is to analyze this topic using managed lane projects in North Texas as case studies. The research focuses on analyzing which risks have been transferred to the concessionaire in these projects, how they have performed over the years, and what can be learned from this experience.
Keywords: PPP; managed lanes; motorways; BOT;
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Carpintero, S. (2017). Risk transfer in PPP projects: analysis of managed lanes in North Texas. New Trends and Issues Proceedings on Humanities and Social Sciences, 3(4), 175–181. https://doi.org/10.18844/prosoc.v3i4.1563
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References
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Ng, A. & Loosemore, A. M. (2007). Risk allocation in the private provision of public infrastructure. International Journal of Project Management, 25 (1), 76–66.
Shen, L., Platten, A. & Deng, X. P. (2006). Role of public private partnerships to manage risks in public sector projects in Hong Kong. International Journal of Project Management, 24 (7), 594-587.
Carpintero, S. & Petersen, O.H. (2015). Bundling and unbundling in public–private partnerships: Implications for risk sharing in urban transport projects. Project Management Journal, 46 (4), 46-35.
Grimsey, D. & Lewis, M. (2000). Evaluating the risks of public private partnerships for infrastructure projects. International Journal of Project Management, 20 (2), 118–107.
Liu, T. & Wilkinson, S. (2014). Large-scale public venue development and the application of public–private partnerships. International Journal of Project Management, 32 (1), 100–88.
Marques, R. & Berg, S. (2011). Public–private partnership contracts: A tale of two cities with different contractual arrangements. Public Administration, 89 (4), 1603-1585.
Medda, F. A. (2007). Game theory approach for the allocation of risks in transport public private partnerships. International Journal of Project Management, 25 (3), 213–218.
Ng, A. & Loosemore, A. M. (2007). Risk allocation in the private provision of public infrastructure. International Journal of Project Management, 25 (1), 76–66.
Shen, L., Platten, A. & Deng, X. P. (2006). Role of public private partnerships to manage risks in public sector projects in Hong Kong. International Journal of Project Management, 24 (7), 594-587.