The share of privately managed road infrastructure throughout Western Europe is relatively high; the progress among these countries is unequally developed. While private concessionaires have been established in England, France, Spain, Finland, France, Italy and Portugal since the late 1950s,...

There is a drive towards delivering and operating public infrastructure through public-private partnerships as opposed to traditional approaches. The assessment of the value for money achieved by the two alternative approaches rests on both the cost of financing, and the efficiency in delivery...

This paper critically assesses the implications of contract design and risk transfer on the provision of public services under public-private partnerships (PPPs). Two results stand out. First, the alleged strength of PPPs in delivering infrastructure projects on budget more often than...