Urban Transport : Can Public-Private Partnerships Work?
Cities exist, grow, and prosper because they take advantage of scale economies and specialization wrought by agglomeration. But output growth inevitably stresses transport infrastructure because production requires space and mobility. To prevent co...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/05/19540255/urban-transport-can-public-private-partnerships-work http://hdl.handle.net/10986/18746 |
| id |
okr-10986-18746 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCIDENTS ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS APPROPRIATIONS ASSET OWNERSHIP BALANCE SHEET BASIS POINTS BID BIDS BOND BOND FINANCING BONDHOLDER BONDHOLDERS BONDS BRIDGE BUY BACK CAPACITY EXPANSION CAPITAL MARKET CAPITAL REQUIREMENTS CAR CAR TRAVEL CARS CASH FLOWS CITIES CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CONTRACT DESIGN CONTRACT MONITORING CONTRACT RENEGOTIATION CONTRACTUAL OBLIGATION COST OF CAPITAL COUNTRY RISK COUNTY TRANSPORTATION DAILY TRIPS DEBT DECENTRALIZATION DEFAULT RISK DISCOUNT RATE DRIVING ECONOMIC PERFORMANCE EFFICIENT SCALE OF OPERATION ELASTICITY ELASTICITY OF DEMAND ELECTRICITY EXCHANGE RATE EXPRESS LANES EXPROPRIATION EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SUPPORT FINANCIAL VIABILITY FRANCHISE AGREEMENT FREEWAY FUTURE DEMAND GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GOVERNMENT SPENDING GROWTH RATES HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROJECTS INCOME INCOME ELASTICITY INFRASTRUCTURE COSTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INSTITUTIONAL REFORM INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL TRADE LENDER LOCAL GOVERNMENTS MAINTENANCE CONTRACTORS MARKET DISCIPLINE MARKET ECONOMY MOBILITY MORAL HAZARD MOTOR VEHICLES MOTORISTS MUNICIPALITIES NATIONAL GOVERNMENTS NEGATIVE EXTERNALITIES NOISE OPEN ACCESS OPERATING EXPENSES PIERS PLEDGES POLLUTION POWER PRESENT VALUE PRINCIPAL PAYMENT PRIVATE FINANCING PRIVATE PARTY PROPERTY RIGHTS PROVISIONS PRUDENTIAL REGULATION PUBLIC PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC MANAGER PUBLIC MANAGERS PUBLIC PRIVATE PARTNERSHIPS PUBLIC PROJECTS PUBLIC PROVISION PUBLIC SECTOR PUBLIC TOLL ROADS PUBLIC TRANSPORTATION PUBLIC WORKS REGULAR PAYMENTS RENEGOTIATIONS RESERVE RETURN RETURNS REVENUE COLLECTION RISK MANAGEMENT RISK SHARING ROAD ROAD EXPENDITURES ROAD USERS ROADS ROUND TRIP ROUTE SAVINGS SERVICE PROVIDERS SETTLEMENT SHAREHOLDERS SPRAWL STREET MAINTENANCE STREETS TAX TAX REVENUE TAX REVENUES TOLL TOLL INCREASES TOLL MOTORWAYS TOLL REVENUES TOLL ROAD TOLL ROADS TOLL SCHEDULE TOLLS TRAFFIC TRAFFIC GROWTH TRANSFER RISKS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT POLICY TRANSPORTATION TRANSPORTATION AUTHORITY TRANSPORTATION PROJECTS TRANSPORTATION RESEARCH TRUE TUNNELS URBAN HIGHWAYS URBAN LIFE URBAN PLANNERS URBAN ROAD URBAN ROAD CAPACITY URBAN ROAD CAPACITY POLICY URBAN TRANSPORT USER CHARGES VALUATION VEHICLE VEHICLE TRIPS |
| spellingShingle |
ACCIDENTS ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS APPROPRIATIONS ASSET OWNERSHIP BALANCE SHEET BASIS POINTS BID BIDS BOND BOND FINANCING BONDHOLDER BONDHOLDERS BONDS BRIDGE BUY BACK CAPACITY EXPANSION CAPITAL MARKET CAPITAL REQUIREMENTS CAR CAR TRAVEL CARS CASH FLOWS CITIES CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CONTRACT DESIGN CONTRACT MONITORING CONTRACT RENEGOTIATION CONTRACTUAL OBLIGATION COST OF CAPITAL COUNTRY RISK COUNTY TRANSPORTATION DAILY TRIPS DEBT DECENTRALIZATION DEFAULT RISK DISCOUNT RATE DRIVING ECONOMIC PERFORMANCE EFFICIENT SCALE OF OPERATION ELASTICITY ELASTICITY OF DEMAND ELECTRICITY EXCHANGE RATE EXPRESS LANES EXPROPRIATION EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SUPPORT FINANCIAL VIABILITY FRANCHISE AGREEMENT FREEWAY FUTURE DEMAND GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GOVERNMENT SPENDING GROWTH RATES HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROJECTS INCOME INCOME ELASTICITY INFRASTRUCTURE COSTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INSTITUTIONAL REFORM INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL TRADE LENDER LOCAL GOVERNMENTS MAINTENANCE CONTRACTORS MARKET DISCIPLINE MARKET ECONOMY MOBILITY MORAL HAZARD MOTOR VEHICLES MOTORISTS MUNICIPALITIES NATIONAL GOVERNMENTS NEGATIVE EXTERNALITIES NOISE OPEN ACCESS OPERATING EXPENSES PIERS PLEDGES POLLUTION POWER PRESENT VALUE PRINCIPAL PAYMENT PRIVATE FINANCING PRIVATE PARTY PROPERTY RIGHTS PROVISIONS PRUDENTIAL REGULATION PUBLIC PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC MANAGER PUBLIC MANAGERS PUBLIC PRIVATE PARTNERSHIPS PUBLIC PROJECTS PUBLIC PROVISION PUBLIC SECTOR PUBLIC TOLL ROADS PUBLIC TRANSPORTATION PUBLIC WORKS REGULAR PAYMENTS RENEGOTIATIONS RESERVE RETURN RETURNS REVENUE COLLECTION RISK MANAGEMENT RISK SHARING ROAD ROAD EXPENDITURES ROAD USERS ROADS ROUND TRIP ROUTE SAVINGS SERVICE PROVIDERS SETTLEMENT SHAREHOLDERS SPRAWL STREET MAINTENANCE STREETS TAX TAX REVENUE TAX REVENUES TOLL TOLL INCREASES TOLL MOTORWAYS TOLL REVENUES TOLL ROAD TOLL ROADS TOLL SCHEDULE TOLLS TRAFFIC TRAFFIC GROWTH TRANSFER RISKS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT POLICY TRANSPORTATION TRANSPORTATION AUTHORITY TRANSPORTATION PROJECTS TRANSPORTATION RESEARCH TRUE TUNNELS URBAN HIGHWAYS URBAN LIFE URBAN PLANNERS URBAN ROAD URBAN ROAD CAPACITY URBAN ROAD CAPACITY POLICY URBAN TRANSPORT USER CHARGES VALUATION VEHICLE VEHICLE TRIPS Engel, Eduardo Galetovic, Alexander Urban Transport : Can Public-Private Partnerships Work? |
| geographic_facet |
Latin America & Caribbean Chile |
| relation |
Policy Research Working Paper;No. 6873 |
| description |
Cities exist, grow, and prosper because
they take advantage of scale economies and specialization
wrought by agglomeration. But output growth inevitably
stresses transport infrastructure because production
requires space and mobility. To prevent congestion from
crowding out agglomeration benefits and to expand the supply
of urban land, cities must invest in transport
infrastructure. Yet balancing the growing demand for
infrastructure with its supply is often difficult. In
particular, many cities lack the funding to maintain and
expand streets and urban highways. Also problematic is that
roads are managed like a social service rather than
subjected to market discipline. This leads to the central
question of this chapter: Can public-private partnerships
(PPPs) deal with these problems better than conventional
public provision and ensure proper maintenance, timely
expansion, and less congestion? And if so, how? To answer
these questions, the paper examines what PPPs can do and
what they need to work, focusing in particular on the role
of institutions. This is followed by an investigation of
common PPP pitfalls and the ways in which they can be
avoided. The paper concludes with a case study of a
successful transportation PPP in Chile that emphasizes the
importance of planning. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Engel, Eduardo Galetovic, Alexander |
| author_facet |
Engel, Eduardo Galetovic, Alexander |
| author_sort |
Engel, Eduardo |
| title |
Urban Transport : Can Public-Private Partnerships Work? |
| title_short |
Urban Transport : Can Public-Private Partnerships Work? |
| title_full |
Urban Transport : Can Public-Private Partnerships Work? |
| title_fullStr |
Urban Transport : Can Public-Private Partnerships Work? |
| title_full_unstemmed |
Urban Transport : Can Public-Private Partnerships Work? |
| title_sort |
urban transport : can public-private partnerships work? |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2014/05/19540255/urban-transport-can-public-private-partnerships-work http://hdl.handle.net/10986/18746 |
| _version_ |
1764442593330987008 |
| spelling |
okr-10986-187462021-04-23T14:03:49Z Urban Transport : Can Public-Private Partnerships Work? Engel, Eduardo Galetovic, Alexander ACCIDENTS ACCOUNTING AGGLOMERATION AGGLOMERATION BENEFITS APPROPRIATIONS ASSET OWNERSHIP BALANCE SHEET BASIS POINTS BID BIDS BOND BOND FINANCING BONDHOLDER BONDHOLDERS BONDS BRIDGE BUY BACK CAPACITY EXPANSION CAPITAL MARKET CAPITAL REQUIREMENTS CAR CAR TRAVEL CARS CASH FLOWS CITIES CONCESSION CONCESSIONAIRES CONCESSIONS CONGESTION CONTRACT DESIGN CONTRACT MONITORING CONTRACT RENEGOTIATION CONTRACTUAL OBLIGATION COST OF CAPITAL COUNTRY RISK COUNTY TRANSPORTATION DAILY TRIPS DEBT DECENTRALIZATION DEFAULT RISK DISCOUNT RATE DRIVING ECONOMIC PERFORMANCE EFFICIENT SCALE OF OPERATION ELASTICITY ELASTICITY OF DEMAND ELECTRICITY EXCHANGE RATE EXPRESS LANES EXPROPRIATION EXTERNALITIES FINANCIAL CRISIS FINANCIAL MARKET FINANCIAL SUPPORT FINANCIAL VIABILITY FRANCHISE AGREEMENT FREEWAY FUTURE DEMAND GOVERNMENT BUDGET GOVERNMENT DEBT GOVERNMENT GUARANTEES GOVERNMENT PAYMENTS GOVERNMENT SPENDING GROWTH RATES HIGHWAY HIGHWAY MAINTENANCE HIGHWAY PROJECTS INCOME INCOME ELASTICITY INFRASTRUCTURE COSTS INFRASTRUCTURE PROJECTS INFRASTRUCTURE PROVISION INSTITUTIONAL REFORM INTEREST RATES INTERNATIONAL AIRPORT INTERNATIONAL BANK INTERNATIONAL TRADE LENDER LOCAL GOVERNMENTS MAINTENANCE CONTRACTORS MARKET DISCIPLINE MARKET ECONOMY MOBILITY MORAL HAZARD MOTOR VEHICLES MOTORISTS MUNICIPALITIES NATIONAL GOVERNMENTS NEGATIVE EXTERNALITIES NOISE OPEN ACCESS OPERATING EXPENSES PIERS PLEDGES POLLUTION POWER PRESENT VALUE PRINCIPAL PAYMENT PRIVATE FINANCING PRIVATE PARTY PROPERTY RIGHTS PROVISIONS PRUDENTIAL REGULATION PUBLIC PUBLIC AGENCIES PUBLIC DEBT PUBLIC FINANCE PUBLIC FUNDS PUBLIC GOODS PUBLIC INFRASTRUCTURE PUBLIC MANAGER PUBLIC MANAGERS PUBLIC PRIVATE PARTNERSHIPS PUBLIC PROJECTS PUBLIC PROVISION PUBLIC SECTOR PUBLIC TOLL ROADS PUBLIC TRANSPORTATION PUBLIC WORKS REGULAR PAYMENTS RENEGOTIATIONS RESERVE RETURN RETURNS REVENUE COLLECTION RISK MANAGEMENT RISK SHARING ROAD ROAD EXPENDITURES ROAD USERS ROADS ROUND TRIP ROUTE SAVINGS SERVICE PROVIDERS SETTLEMENT SHAREHOLDERS SPRAWL STREET MAINTENANCE STREETS TAX TAX REVENUE TAX REVENUES TOLL TOLL INCREASES TOLL MOTORWAYS TOLL REVENUES TOLL ROAD TOLL ROADS TOLL SCHEDULE TOLLS TRAFFIC TRAFFIC GROWTH TRANSFER RISKS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENTS TRANSPORT POLICY TRANSPORTATION TRANSPORTATION AUTHORITY TRANSPORTATION PROJECTS TRANSPORTATION RESEARCH TRUE TUNNELS URBAN HIGHWAYS URBAN LIFE URBAN PLANNERS URBAN ROAD URBAN ROAD CAPACITY URBAN ROAD CAPACITY POLICY URBAN TRANSPORT USER CHARGES VALUATION VEHICLE VEHICLE TRIPS Cities exist, grow, and prosper because they take advantage of scale economies and specialization wrought by agglomeration. But output growth inevitably stresses transport infrastructure because production requires space and mobility. To prevent congestion from crowding out agglomeration benefits and to expand the supply of urban land, cities must invest in transport infrastructure. Yet balancing the growing demand for infrastructure with its supply is often difficult. In particular, many cities lack the funding to maintain and expand streets and urban highways. Also problematic is that roads are managed like a social service rather than subjected to market discipline. This leads to the central question of this chapter: Can public-private partnerships (PPPs) deal with these problems better than conventional public provision and ensure proper maintenance, timely expansion, and less congestion? And if so, how? To answer these questions, the paper examines what PPPs can do and what they need to work, focusing in particular on the role of institutions. This is followed by an investigation of common PPP pitfalls and the ways in which they can be avoided. The paper concludes with a case study of a successful transportation PPP in Chile that emphasizes the importance of planning. 2014-06-25T19:49:53Z 2014-06-25T19:49:53Z 2014-05 http://documents.worldbank.org/curated/en/2014/05/19540255/urban-transport-can-public-private-partnerships-work http://hdl.handle.net/10986/18746 English en_US Policy Research Working Paper;No. 6873 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Latin America & Caribbean Chile |