Remuneration models and revenue risk mitigation in road public-private partnership projects - a case study from Serbia
Само за регистроване кориснике
2017
Чланак у часопису (Објављена верзија)
Метаподаци
Приказ свих података о документуАпстракт
As a consequence of renewed interest in attracting private financing for infrastructure investments, public-private partnership (PPP) arrangements are mostly seen as a suitable mechanism for ensuring sound and quicker delivery of transport infrastructure projects. However, a general concern is that expectations of mobilizing private-sector funds have been overestimated in a number of cases. The purpose of this paper is to contribute to the risk analysis of transport PPP projects with substantial exogenous demand risk which could serve as a rationale for choosing the appropriate PPP model. The objective of this paper is to construct an analytical cash flow-based project model to facilitate the choice of the remuneration mechanism suitable for both private investors and public sector. The model provides an indication whether the project should be implemented as a users pay', a hybrid or an annuity' PPP model. The proposed methodology is illustrated using a case study from Serbia.
Кључне речи:
road transport / revenue risk mitigation / remuneration models / Public-private partnershipИзвор:
Transportation Planning and Technology, 2017, 40, 2, 228-241Издавач:
- Taylor & Francis Ltd, Abingdon
DOI: 10.1080/03081060.2016.1266169
ISSN: 0308-1060
WoS: 000394972300006
Scopus: 2-s2.0-85003952194
Колекције
Институција/група
Mašinski fakultetTY - JOUR AU - Zlatković, Dejan AU - Vajdić, Nevena AU - Tica, Slaven AU - Mladenović, Goran M. AU - Queiroz, Cesar PY - 2017 UR - https://machinery.mas.bg.ac.rs/handle/123456789/2514 AB - As a consequence of renewed interest in attracting private financing for infrastructure investments, public-private partnership (PPP) arrangements are mostly seen as a suitable mechanism for ensuring sound and quicker delivery of transport infrastructure projects. However, a general concern is that expectations of mobilizing private-sector funds have been overestimated in a number of cases. The purpose of this paper is to contribute to the risk analysis of transport PPP projects with substantial exogenous demand risk which could serve as a rationale for choosing the appropriate PPP model. The objective of this paper is to construct an analytical cash flow-based project model to facilitate the choice of the remuneration mechanism suitable for both private investors and public sector. The model provides an indication whether the project should be implemented as a users pay', a hybrid or an annuity' PPP model. The proposed methodology is illustrated using a case study from Serbia. PB - Taylor & Francis Ltd, Abingdon T2 - Transportation Planning and Technology T1 - Remuneration models and revenue risk mitigation in road public-private partnership projects - a case study from Serbia EP - 241 IS - 2 SP - 228 VL - 40 DO - 10.1080/03081060.2016.1266169 ER -
@article{ author = "Zlatković, Dejan and Vajdić, Nevena and Tica, Slaven and Mladenović, Goran M. and Queiroz, Cesar", year = "2017", abstract = "As a consequence of renewed interest in attracting private financing for infrastructure investments, public-private partnership (PPP) arrangements are mostly seen as a suitable mechanism for ensuring sound and quicker delivery of transport infrastructure projects. However, a general concern is that expectations of mobilizing private-sector funds have been overestimated in a number of cases. The purpose of this paper is to contribute to the risk analysis of transport PPP projects with substantial exogenous demand risk which could serve as a rationale for choosing the appropriate PPP model. The objective of this paper is to construct an analytical cash flow-based project model to facilitate the choice of the remuneration mechanism suitable for both private investors and public sector. The model provides an indication whether the project should be implemented as a users pay', a hybrid or an annuity' PPP model. The proposed methodology is illustrated using a case study from Serbia.", publisher = "Taylor & Francis Ltd, Abingdon", journal = "Transportation Planning and Technology", title = "Remuneration models and revenue risk mitigation in road public-private partnership projects - a case study from Serbia", pages = "241-228", number = "2", volume = "40", doi = "10.1080/03081060.2016.1266169" }
Zlatković, D., Vajdić, N., Tica, S., Mladenović, G. M.,& Queiroz, C.. (2017). Remuneration models and revenue risk mitigation in road public-private partnership projects - a case study from Serbia. in Transportation Planning and Technology Taylor & Francis Ltd, Abingdon., 40(2), 228-241. https://doi.org/10.1080/03081060.2016.1266169
Zlatković D, Vajdić N, Tica S, Mladenović GM, Queiroz C. Remuneration models and revenue risk mitigation in road public-private partnership projects - a case study from Serbia. in Transportation Planning and Technology. 2017;40(2):228-241. doi:10.1080/03081060.2016.1266169 .
Zlatković, Dejan, Vajdić, Nevena, Tica, Slaven, Mladenović, Goran M., Queiroz, Cesar, "Remuneration models and revenue risk mitigation in road public-private partnership projects - a case study from Serbia" in Transportation Planning and Technology, 40, no. 2 (2017):228-241, https://doi.org/10.1080/03081060.2016.1266169 . .