Publication Type
Journal Article
Version
publishedVersion
Publication Date
11-2009
Abstract
The recent proliferation of Public Private Partnership (PPP) projects in numerous cities has transformed the urban rail sector. The enthusiasm for PPPs can be explained by improved understanding of efficiency gains and risks of bundling and unbundling tasks as well as availability and lower cost of private sector finance. The four main PPP approaches identified are: (i) development of new systems through DBFOs (Design- Build-Finance-Operate); (ii) concessioning of rail and subway services; (iii) sale of stateowned operators through share issue privatisation; and (iv) PPPs for infrastructure maintenance and upgrading. This paper examines examples of successes and failures to better understand the complexities involved in PPP decisions and the trade-offs cities make when deciding between alternative strategies.
Discipline
Economics | Public Economics | Transportation
Research Areas
Applied Microeconomics
Publication
Journeys
Volume
3
First Page
23
Last Page
35
ISSN
1793-494X
Publisher
Singapore Land Transport Authority
Citation
PHANG, Sock-Yong.
Transformation of the Urban Rail Sector through PPP. (2009). Journeys. 3, 23-35.
Available at: https://ink.library.smu.edu.sg/soe_research/1168
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