A slice or the whole cake? Network ownership, governance and public-private partnerships in Finland

Pekka Leviäkangas, Antti Talvitie, Marko Nokkala

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

    Abstract

    This paper analyses PPP projects within the framework of different ownership and governance (O&G) models of technical infrastructures. The O&G models in Finland are described and the market layers of ownership, operation, and services are studied. All infrastructure sectors have somewhat different O&G structures and they each have a different market context, not least because of ownership and the market structures that are "on" the infrastructure. Private companies, public companies, state and municipality owned enterprises and purely public-authority-type models can be found. Interestingly, the models seem not to affect too much the cash-based returns to the owners. However, the market structures will probably provide varying prospects for PPPs to be carried out, whether the PPPs are traditional means of procuring projects or outsourcing of formerly public functions. The financial return capacity of the infrastructure is playing a key role. Some infrastructures have already a tradition of "good business" while others are considered as public goods on more or less sustainable grounds. The results show how on one hand there are natural markets for PPPs as project procurement options and on the other hand where the market structure does not provide a good spring-board for public-private partnerships
    Original languageEnglish
    Title of host publicationSelected proceedings
    Subtitle of host publicationWCTR 2013
    Place of PublicationLyon
    Number of pages10
    Publication statusPublished - 2013
    MoE publication typeNot Eligible
    EventThe 13th World Conference on Transport Research, WCTR 2013 - Rio de Janeiro, Brazil
    Duration: 15 Jul 201318 Jul 2013
    Conference number: 13

    Conference

    ConferenceThe 13th World Conference on Transport Research, WCTR 2013
    Abbreviated titleWCTR 2013
    CountryBrazil
    CityRio de Janeiro
    Period15/07/1318/07/13

    Keywords

    • Infrastructure
    • ownership
    • governance
    • public-private-partnership

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