Publication
Title
Critical renegotiation triggers of European transport concessions
Author
Abstract
In this paper, we assess the critical factors for the renegotiation of transport infrastructure concessions. We depart from a literature review on the renegotiation of infrastructure concessions and of the main renegotiation triggers and the methodologies used to assess them. By collecting data from a total of 32 transport PPP projects, in 13 European countries, we identified a total of 37 renegotiations. Our findings corroborate the literature in that a country's economic and legal environment has an important impact on the likelihood of renegotiation. The occurrence of elections is shown to have an indirect impact on increasing renegotiations. Furthermore, both the uncertainty associated with developing new PPP projects with budgetary motivations, and the operational stages of long term contracts, play a critical role in contractual renegotiation.
Language
English
Source (journal)
Transport policy. - Oxford
Publication
Oxford : 2016
ISSN
0967-070X
Volume/pages
48(2016), p. 82-91
ISI
000374621700009
Full text (Publishers DOI)
Full text (open access)
The author-created version that incorporates referee comments and is the accepted for publication version Available from 05.03.2019
Full text (publishers version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 08.03.2016
Last edited 27.03.2017
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