Abstract: This article describes the success of public/private partnerships (PPPs) in the road market in the UK, Norway and Croatia. It is generally accepted that PPPs have a key role to play in toll roads and in building and maintaining roads over a determined life cycle period. The UK was one of the first industrialised countries to introduce PPPs and its programme includes extensive outsourcing of the planning and management of roads. The government claims that PPPs deliver projects more quickly with better cost control and quality. The government in Ireland is also employing PPPs in its road investment programme. In Norway the E39 PPP road project has been completed in record time, largely because the roads authority provided clear information with a well organised client team. In Croatia the government formed a joint venture with German and Austrian firms to construct a toll motorway, using a full project finance scheme.
Publication Year: 2006
Publication Date: 2006-01-01
Language: en
Type: article
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