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 language | English |
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Title of host publication | Selected proceedings |
Subtitle of host publication | WCTR 2013 |
Place of Publication | Lyon |
Number of pages | 10 |
Publication status | Published - 2013 |
MoE publication type | Not Eligible |
Event | The 13th World Conference on Transport Research, WCTR 2013 - Rio de Janeiro, Brazil Duration: 15 Jul 2013 → 18 Jul 2013 Conference number: 13 |
Conference
Conference | The 13th World Conference on Transport Research, WCTR 2013 |
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Abbreviated title | WCTR 2013 |
Country/Territory | Brazil |
City | Rio de Janeiro |
Period | 15/07/13 → 18/07/13 |
Keywords
- Infrastructure
- ownership
- governance
- public-private-partnership