Urban Transport : Can Public-Private Partnerships Work?

Cities 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. Building more infrastructures, especially highways, just fosters sprawl and fails to reduce congestion that people respond to more capacity by driving more and wasting even more time. In this view, a central task for policy makers and planners is to curb the preference for cars. Proponents of this view advocate subsidizing public transportation; enacting taxes and restrictions to raise the costs of owning and driving cars; and establishing zoning regulations to foster compact living, shrink the spatial distribution of activities, and reduce the number of vehicle trips. Yet urban planners often lack formal and real authority to cut through the bureaucratic web of multiple authorities and jurisdictions. Can public-private partnerships (PPPs) deal with these problems better than conventional public provision and ensure proper maintenance, timely expansion, and less congestion?, is discussed in this report.

Bibliographic Details

Main Authors:	Engel, Eduardo, Galetovic, Alexander
Language:	English en_US
Published:	World Bank, Washington, DC 2013-11
Subjects:	ACCIDENTS, ACCOUNTING, AGGLOMERATION, AGGLOMERATION BENEFITS, APPROPRIATIONS, ASSET OWNERSHIP, BALANCE SHEET, BASIS POINTS, BID, BIDS, BOND, BOND FINANCING, BONDHOLDER, BONDHOLDERS, BONDS, BRIDGE, BUY BACK, CAPACITY EXPANSION, CAPITAL MARKET, CAPITAL REQUIREMENTS, CAR, CAR TRAVEL, CARS, CASH FLOWS, CITIES, CONCESSION, CONCESSIONAIRES, CONCESSIONS, CONGESTION, CONTRACT DESIGN, CONTRACT MONITORING, CONTRACT RENEGOTIATION, CONTRACTUAL OBLIGATION, COST OF CAPITAL, COUNTRY RISK, COUNTY TRANSPORTATION, DAILY TRIPS, DEBT, DECENTRALIZATION, DEFAULT RISK, DISCOUNT RATE, DRIVING, ECONOMIC PERFORMANCE, EFFICIENT SCALE OF OPERATION, ELASTICITY, ELASTICITY OF DEMAND, ELECTRICITY, EXCHANGE RATE, EXPRESS LANES, EXPROPRIATION, EXTERNALITIES, FINANCIAL CRISIS, FINANCIAL MARKET, FINANCIAL SUPPORT, FINANCIAL VIABILITY, FRANCHISE AGREEMENT, FREEWAY, FUTURE DEMAND, GOVERNMENT BUDGET, GOVERNMENT DEBT, GOVERNMENT GUARANTEES, GOVERNMENT PAYMENTS, GOVERNMENT SPENDING, GROWTH RATES, HIGHWAY, HIGHWAY MAINTENANCE, HIGHWAY PROJECTS, HIGHWAYS, INCOME, INCOME ELASTICITY, INFRASTRUCTURE COSTS, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE PROVISION, INSTITUTIONAL REFORM, INTEREST RATES, INTERNATIONAL AIRPORT, INTERNATIONAL TRADE, LENDER, LOCAL GOVERNMENTS, MAINTENANCE CONTRACTORS, MARKET DISCIPLINE, MARKET ECONOMY, MOBILITY, MORAL HAZARD, MOTOR VEHICLES, MOTORISTS, MUNICIPALITIES, NATIONAL GOVERNMENTS, NEGATIVE EXTERNALITIES, NOISE, OPERATING EXPENSES, PIERS, PLEDGES, POLLUTION, POWER, PRESENT VALUE, PRINCIPAL PAYMENT, PRIVATE FINANCING, PRIVATE PARTY, PROPERTY RIGHTS, PROVISIONS, PRUDENTIAL REGULATION, PUBLIC, PUBLIC AGENCIES, PUBLIC DEBT, PUBLIC FINANCE, PUBLIC FUNDS, PUBLIC GOODS, PUBLIC INFRASTRUCTURE, PUBLIC MANAGER, PUBLIC MANAGERS, PUBLIC PROJECTS, PUBLIC PROVISION, PUBLIC SECTOR, PUBLIC TOLL ROADS, PUBLIC TRANSPORTATION, PUBLIC WORKS, REGULAR PAYMENTS, RENEGOTIATIONS, RESERVE, RETURN, RETURNS, REVENUE COLLECTION, RISK SHARING, ROAD, ROAD EXPENDITURES, ROAD USERS, ROADS, ROUND TRIP, ROUTE, SAVINGS, SERVICE PROVIDERS, SETTLEMENT, SHAREHOLDERS, SPRAWL, STREET MAINTENANCE, STREETS, TAX, TAX REVENUE, TAX REVENUES, TOLL, TOLL INCREASES, TOLL MOTORWAYS, TOLL REVENUES, TOLL ROAD, TOLL ROADS, TOLL SCHEDULE, TOLLS, TRAFFIC, TRAFFIC GROWTH, TRANSFER RISKS, TRANSPORT, TRANSPORT INFRASTRUCTURE, TRANSPORT INVESTMENTS, TRANSPORT POLICY, TRANSPORTATION AUTHORITY, TRANSPORTATION PROJECTS, TRANSPORTATION RESEARCH, TRUE, TUNNELS, URBAN HIGHWAYS, URBAN LIFE, URBAN PLANNERS, URBAN ROAD, URBAN ROAD CAPACITY, URBAN ROAD CAPACITY POLICY, USER CHARGES, VALUATION, VEHICLE, VEHICLE TRIPS,
Online Access:	http://documents.worldbank.org/curated/en/2013/11/18868563/urban-transport-can-public-private-partnerships-work https://hdl.handle.net/10986/17595
Tags:	Add Tag No Tags, Be the first to tag this record!