Attracting private financing to roads: Case study of bosnia and herzegovina
Abstract
While countries worldwide have used public-private partnerships (PPP) to improve their road networks, such investments have not yet materialized in Bosnia and Herzegovina (BiH). Attracting private financing to road projects would help the country to keep road infrastructure in acceptable condition and carry out required expansions under budgetary constraints. Because of relatively low traffic levels on potential PPP motorways and expressways in BiH, it is anticipated that a combination of government support (e.g., capital grants and/or availability payments) and toll collection would generate enough revenues to attract private partners to compete for PPP road projects in BiH. The paper presents, as a case study, the quantitative financial assessment of a potential PPP project, the Mostar-Zvirovici motorway section, showing that the project could attract private investors with a combination of availability payments and construction subsidies to keep the toll rates at the deemed affordab...le level of €0.06/car-km.
Source:
International Conference on Transportation and Development 2021: Transportation Planning and Develop, 2021, 110-121Publisher:
- American Society of Civil Engineers (ASCE)
Scopus: 2-s2.0-85108338617
Collections
Institution/Community
Mašinski fakultetTY - CONF AU - Queiroz, Cesar AU - Mladenović, G. PY - 2021 UR - https://machinery.mas.bg.ac.rs/handle/123456789/3671 AB - While countries worldwide have used public-private partnerships (PPP) to improve their road networks, such investments have not yet materialized in Bosnia and Herzegovina (BiH). Attracting private financing to road projects would help the country to keep road infrastructure in acceptable condition and carry out required expansions under budgetary constraints. Because of relatively low traffic levels on potential PPP motorways and expressways in BiH, it is anticipated that a combination of government support (e.g., capital grants and/or availability payments) and toll collection would generate enough revenues to attract private partners to compete for PPP road projects in BiH. The paper presents, as a case study, the quantitative financial assessment of a potential PPP project, the Mostar-Zvirovici motorway section, showing that the project could attract private investors with a combination of availability payments and construction subsidies to keep the toll rates at the deemed affordable level of €0.06/car-km. PB - American Society of Civil Engineers (ASCE) C3 - International Conference on Transportation and Development 2021: Transportation Planning and Develop T1 - Attracting private financing to roads: Case study of bosnia and herzegovina EP - 121 SP - 110 UR - https://hdl.handle.net/21.15107/rcub_machinery_3671 ER -
@conference{ author = "Queiroz, Cesar and Mladenović, G.", year = "2021", abstract = "While countries worldwide have used public-private partnerships (PPP) to improve their road networks, such investments have not yet materialized in Bosnia and Herzegovina (BiH). Attracting private financing to road projects would help the country to keep road infrastructure in acceptable condition and carry out required expansions under budgetary constraints. Because of relatively low traffic levels on potential PPP motorways and expressways in BiH, it is anticipated that a combination of government support (e.g., capital grants and/or availability payments) and toll collection would generate enough revenues to attract private partners to compete for PPP road projects in BiH. The paper presents, as a case study, the quantitative financial assessment of a potential PPP project, the Mostar-Zvirovici motorway section, showing that the project could attract private investors with a combination of availability payments and construction subsidies to keep the toll rates at the deemed affordable level of €0.06/car-km.", publisher = "American Society of Civil Engineers (ASCE)", journal = "International Conference on Transportation and Development 2021: Transportation Planning and Develop", title = "Attracting private financing to roads: Case study of bosnia and herzegovina", pages = "121-110", url = "https://hdl.handle.net/21.15107/rcub_machinery_3671" }
Queiroz, C.,& Mladenović, G.. (2021). Attracting private financing to roads: Case study of bosnia and herzegovina. in International Conference on Transportation and Development 2021: Transportation Planning and Develop American Society of Civil Engineers (ASCE)., 110-121. https://hdl.handle.net/21.15107/rcub_machinery_3671
Queiroz C, Mladenović G. Attracting private financing to roads: Case study of bosnia and herzegovina. in International Conference on Transportation and Development 2021: Transportation Planning and Develop. 2021;:110-121. https://hdl.handle.net/21.15107/rcub_machinery_3671 .
Queiroz, Cesar, Mladenović, G., "Attracting private financing to roads: Case study of bosnia and herzegovina" in International Conference on Transportation and Development 2021: Transportation Planning and Develop (2021):110-121, https://hdl.handle.net/21.15107/rcub_machinery_3671 .