Monday, January 28, 2013

The fantasy world of private finance for transport via public private partnerships

Manchester Business School,University of Manchester,
United Kingdom
September 2012

Discussion Paper No. 2012-6
Prepared for the Roundtable on: Public Private Partnerships for Funding Transport Infrastructure: Sources of Funding, Managing Risk and Optimism Bias
(27-28 September 2012)
International Transport Forum

A key message of this paper is that it is more costly for the public sector to use the private sector as financial intermediaries. This is due in part to the higher cost of commercial over public debt and the cost of the profit margin of both the private partner and its extensive supply chain. But there are also the not inconsiderable legal and financial advisors’ fees to each of the numerous parties to the transaction to structure and negotiate it

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Transport Law

Camilo Deza said...

Thanks very much. I had it abandoned for a while due to other stuff going on (@BIDTransporte)

But I might post stuff from time to time.

It's crazy how much stuff there is!