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Title
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Contract stability in European road infrastructure PPPs : how does governmental PPP support contribute to preventing contract renegotiation?
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Author
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Abstract
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| In the last decade a considerable number of PPP contracts in Europe turned out to be instable and were renegotiated. This paper studies which combinations of conditions in terms of macro-level business environment and governmental PPP support and at project-level (remuneration scheme, risk allocation, project age and contract duration) contribute to avoid contract renegotiation, by conducting a qualitative comparative analysis of twenty five European road infrastructure projects. Results show that although the broader macro-level business environment has a clear contribution, contract stability can benefit from an availability-based remuneration scheme and a well-developed governmental PPP support in combination with other conditions. |
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Language
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English
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Source (journal)
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Public management review. - Londen
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Publication
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Londen
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2018
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ISSN
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1471-9037
[print]
1471-9045
[online]
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Volume/pages
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20
:8
(2018)
, p. 1145-1164
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ISI
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000439379000003
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Full text (Publisher's DOI)
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Full text (open access)
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Full text (publisher's version - intranet only)
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