There is growing interest in using rail transit, trams, metros, light rail, to solve urban transportation problems, particularly road congestion and air pollution. In developing urban rail projects, a range of major cities around the world have turned to public-private partnership models, to...

The contractual structure and competitive process of the PPP give strong incentives for the efficient delivery of services by private sector. The apparent difference in the cost of borrowing of the public and private sectors is illusory as the public sector cost is not properly accounting for...