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Contractual PPPs for Transport Infrastructure in Spain: Lessons from the Economic Recession

机译:西班牙运输基础设施的合同PPP:经济衰退的教训

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摘要

In this paper, we analyse the successes and failures of contractual public-private partnerships (PPPs) for delivering and operating transport infrastructure in Spain from the award of the first toll highway concession programme to the present. To that end, we show the risk allocation principles used in Spain and explore the evolution of the contracting approaches over the years. We found that the performance was reasonably good until the arrival of the economic crisis in 2008. Taking advantage of that, we make a review of contractual PPPs for different transport modes and assess the impact that the economic crisis has had on their business performance and the capacity of the central and regional governments to fulfil their commitments with the private sector. This analysis enabled us to identify measures that, if had been applied, would have improved the resilience of these contract during the economic crisis.
机译:在本文中,我们分析了从授予第一个收费公路特许权计划到现在,在西班牙交付和运营运输基础设施的合同公私合营伙伴关系(PPP)的成败。为此,我们展示了西班牙使用的风险分配原则,并探讨了多年来签约方式的演变。我们发现,直到2008年经济危机到来之前,该表现还是相当不错的。利用这一点,我们对不同运输方式的合同PPP进行了回顾,并评估了经济危机对其业务表现和经营成果的影响。中央和地方政府履行与私营部门承诺的能力。这项分析使我们能够确定在经济危机期间可以采取的措施,如果采取这些措施,可以提高这些合同的弹性。

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