Cross sectoral fuzzy assessment comparison of concessions in transport
Faculty of Applied Economics
Proceedings of the WCTR 2013 Conference, the 13th World Conference on Transport Research, Rio de Janeiro, July 15-19, 2013
University of Antwerp
In todays world, PPPs are gaining importance in the way that infrastructure projects are financed, in particular in transportation. Not all transport segments are as well covered today by PPP applications though. For that reason, certain segments can still learn a lot from other segments, where PPP applications have been applied more amply. This paper makes a comparison among the conditions and outcomes of PPP applications in three sectors: a seaport, urban transport and an urban road connection. The methodology relies on the contextual Ws fuzzy logic approach, which compares 8 basic characteristics of the respective PPP agreements. As to the What, it turns out that the three projects vary in the level of competition and exclusivity of the project. Two of the three projects are rather nationally-driven. The same two projects equally have a finance-based motivation rather than a service one. As opposed to what one might derive with respect to risk division, it is observed that the two cases with higher traffic risk leave that risk mainly to the private operators. All three projects also feature rather significant exposure to the macro environment. The policy and practical dimension of the research results makes them relevant to a range of stakeholders within the transport community, particularly governments, financing bodies, transport service providers, etc. The cross-modal comparison between PPP cases is an exercise which is novel as far as transport infrastructure is concerned.