Title
Critical renegotiation triggers of European transport concessions
Author
Faculty/Department
Faculty of Applied Economics
Faculty of Social Sciences. Political Sciences
Publication type
article
Publication
Oxford ,
Subject
Economics
Source (journal)
Transport policy. - Oxford
Volume/pages
48(2016) , p. 82-91
ISSN
0967-070X
ISI
000374621700009
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
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.
E-info
https://repository.uantwerpen.be/docman/iruaauth/7555c1/131507.pdf
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000374621700009&DestLinkType=RelatedRecords&DestApp=ALL_WOS&UsrCustomerID=ef845e08c439e550330acc77c7d2d848
http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000374621700009&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=ef845e08c439e550330acc77c7d2d848
Handle