Publication
Title
Contract stability in European road infrastructure PPPs : how does governmental PPP support contribute to preventing contract renegotiation?
Author
Abstract
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.
Language
English
Source (journal)
Public management review. - Londen
Public management review. - Londen
Publication
Londen : 2018
ISSN
1471-9037 [print]
1471-9045 [online]
Volume/pages
20 :8 (2018) , p. 1145-1164
ISI
000439379000003
Full text (Publisher's DOI)
Full text (open access)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Project info
Business Models for Enhancing Funding and Enabling Financing of Infrastructure in Transport (BENEFIT).
Publication type
Subject
Law 
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 04.05.2018
Last edited 20.09.2021
To cite this reference