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Unbundling tolls from contracts: a new road PPP model |
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| Authors: | Julián Sierra Tamayo Jose Manuel Vassallo María de los Ángeles Baeza |
| Institution: | 1. juliansierrat@gmail.com |
| Abstract: | Considerable evidence from different countries has revealed important shortcomings in most road public–private partnership (PPP) models. In this paper a new PPP model is presented that overcomes some of the problems found in PPP road contracts. The new model is based on separating user tolls from the fees paid to PPP contractors and setting up new institutional arrangements to oversee PPPs. |
| Keywords: | Contracts governance public–private partnership (PPP) road infrastructure toll roads |