Publication:
Urban Transport : Can Public-Private Partnerships Work?

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dc.contributor.authorEngel, Eduardo
dc.contributor.authorGaletovic, Alexander
dc.date.accessioned2014-06-25T19:49:53Z
dc.date.available2014-06-25T19:49:53Z
dc.date.issued2014-05
dc.description.abstractCities 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/05/19540255/urban-transport-can-public-private-partnerships-work
dc.identifier.doi10.1596/1813-9450-6873
dc.identifier.urihttps://hdl.handle.net/10986/18746
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 6873
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCIDENTS
dc.subjectACCOUNTING
dc.subjectAGGLOMERATION
dc.subjectAGGLOMERATION BENEFITS
dc.subjectAPPROPRIATIONS
dc.subjectASSET OWNERSHIP
dc.subjectBALANCE SHEET
dc.subjectBASIS POINTS
dc.subjectBID
dc.subjectBIDS
dc.subjectBOND
dc.subjectBOND FINANCING
dc.subjectBONDHOLDER
dc.subjectBONDHOLDERS
dc.subjectBONDS
dc.subjectBRIDGE
dc.subjectBUY BACK
dc.subjectCAPACITY EXPANSION
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCAR
dc.subjectCAR TRAVEL
dc.subjectCARS
dc.subjectCASH FLOWS
dc.subjectCITIES
dc.subjectCONCESSION
dc.subjectCONCESSIONAIRES
dc.subjectCONCESSIONS
dc.subjectCONGESTION
dc.subjectCONTRACT DESIGN
dc.subjectCONTRACT MONITORING
dc.subjectCONTRACT RENEGOTIATION
dc.subjectCONTRACTUAL OBLIGATION
dc.subjectCOST OF CAPITAL
dc.subjectCOUNTRY RISK
dc.subjectCOUNTY TRANSPORTATION
dc.subjectDAILY TRIPS
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDEFAULT RISK
dc.subjectDISCOUNT RATE
dc.subjectDRIVING
dc.subjectECONOMIC PERFORMANCE
dc.subjectEFFICIENT SCALE OF OPERATION
dc.subjectELASTICITY
dc.subjectELASTICITY OF DEMAND
dc.subjectELECTRICITY
dc.subjectEXCHANGE RATE
dc.subjectEXPRESS LANES
dc.subjectEXPROPRIATION
dc.subjectEXTERNALITIES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL VIABILITY
dc.subjectFRANCHISE AGREEMENT
dc.subjectFREEWAY
dc.subjectFUTURE DEMAND
dc.subjectGOVERNMENT BUDGET
dc.subjectGOVERNMENT DEBT
dc.subjectGOVERNMENT GUARANTEES
dc.subjectGOVERNMENT PAYMENTS
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATES
dc.subjectHIGHWAY
dc.subjectHIGHWAY MAINTENANCE
dc.subjectHIGHWAY PROJECTS
dc.subjectINCOME
dc.subjectINCOME ELASTICITY
dc.subjectINFRASTRUCTURE COSTS
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINFRASTRUCTURE PROVISION
dc.subjectINSTITUTIONAL REFORM
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL AIRPORT
dc.subjectINTERNATIONAL BANK
dc.subjectINTERNATIONAL TRADE
dc.subjectLENDER
dc.subjectLOCAL GOVERNMENTS
dc.subjectMAINTENANCE CONTRACTORS
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET ECONOMY
dc.subjectMOBILITY
dc.subjectMORAL HAZARD
dc.subjectMOTOR VEHICLES
dc.subjectMOTORISTS
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL GOVERNMENTS
dc.subjectNEGATIVE EXTERNALITIES
dc.subjectNOISE
dc.subjectOPEN ACCESS
dc.subjectOPERATING EXPENSES
dc.subjectPIERS
dc.subjectPLEDGES
dc.subjectPOLLUTION
dc.subjectPOWER
dc.subjectPRESENT VALUE
dc.subjectPRINCIPAL PAYMENT
dc.subjectPRIVATE FINANCING
dc.subjectPRIVATE PARTY
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISIONS
dc.subjectPRUDENTIAL REGULATION
dc.subjectPUBLIC
dc.subjectPUBLIC AGENCIES
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FUNDS
dc.subjectPUBLIC GOODS
dc.subjectPUBLIC INFRASTRUCTURE
dc.subjectPUBLIC MANAGER
dc.subjectPUBLIC MANAGERS
dc.subjectPUBLIC PRIVATE PARTNERSHIPS
dc.subjectPUBLIC PROJECTS
dc.subjectPUBLIC PROVISION
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC TOLL ROADS
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUBLIC WORKS
dc.subjectREGULAR PAYMENTS
dc.subjectRENEGOTIATIONS
dc.subjectRESERVE
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVENUE COLLECTION
dc.subjectRISK MANAGEMENT
dc.subjectRISK SHARING
dc.subjectROAD
dc.subjectROAD EXPENDITURES
dc.subjectROAD USERS
dc.subjectROADS
dc.subjectROUND TRIP
dc.subjectROUTE
dc.subjectSAVINGS
dc.subjectSERVICE PROVIDERS
dc.subjectSETTLEMENT
dc.subjectSHAREHOLDERS
dc.subjectSPRAWL
dc.subjectSTREET MAINTENANCE
dc.subjectSTREETS
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTOLL
dc.subjectTOLL INCREASES
dc.subjectTOLL MOTORWAYS
dc.subjectTOLL REVENUES
dc.subjectTOLL ROAD
dc.subjectTOLL ROADS
dc.subjectTOLL SCHEDULE
dc.subjectTOLLS
dc.subjectTRAFFIC
dc.subjectTRAFFIC GROWTH
dc.subjectTRANSFER RISKS
dc.subjectTRANSPORT INFRASTRUCTURE
dc.subjectTRANSPORT INVESTMENTS
dc.subjectTRANSPORT POLICY
dc.subjectTRANSPORTATION
dc.subjectTRANSPORTATION AUTHORITY
dc.subjectTRANSPORTATION PROJECTS
dc.subjectTRANSPORTATION RESEARCH
dc.subjectTRUE
dc.subjectTUNNELS
dc.subjectURBAN HIGHWAYS
dc.subjectURBAN LIFE
dc.subjectURBAN PLANNERS
dc.subjectURBAN ROAD
dc.subjectURBAN ROAD CAPACITY
dc.subjectURBAN ROAD CAPACITY POLICY
dc.subjectURBAN TRANSPORT
dc.subjectUSER CHARGES
dc.subjectVALUATION
dc.subjectVEHICLE
dc.subjectVEHICLE TRIPS
dc.titleUrban Transport : Can Public-Private Partnerships Work?en
dspace.entity.typePublication
okr.date.disclosure2014-05-01
okr.date.doiregistration2025-04-10T11:26:31.134862Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2014/05/19540255/urban-transport-can-public-private-partnerships-work
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid566251468153289708
okr.identifier.doi10.1596/1813-9450-6873
okr.identifier.externaldocumentum000158349_20140520095448
okr.identifier.internaldocumentum19540255
okr.identifier.reportWPS6873
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/05/20/000158349_20140520095448/Rendered/PDF/WPS6873.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryChile
okr.topicTransport Economics Policy and Planning
okr.topicPublic Sector Economics
okr.topicPublic Sector Management and Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicInfrastructure Economics and Finance::Infrastructure Economics
okr.topicTransport
okr.topicPublic Sector Development
okr.unitUrban and Disaster Risk Management Department, Sustainable Development Network
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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