Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Approaches for Structuring Concession Lengths and Toll Rates for Transportation Infrastructure PPPs
Many US transportation public-private partnerships (PPPs) are based on the concession model, under which the structure of user fees and the agreement duration is central to ensuring a fair balance of risk and reward between the public and private participants. Yet previous studies of toll-rate structuring and concession-length determination have treated these two variables largely independently. Toll charges, for instance, are typically established as either supply-based, linked to the cost of constructing, maintaining, and/or operating the facility; or demand-based, adjusted to influence driver behavior in certain ways such as through variable time-of-day congestion charges. Concession lengths are designed separately to enable tax-depreciation advantages for the private sector and/or to mitigate traffic-demand risk. Considering these two variables together, though, provides new opportunities to improve the risk-and-reward profile for both partners. A review and comparative analysis of dual-variable approaches, illustrated by projects in which these strategies have been used, offers additional tools to consider in structuring future PPP procurements.
Approaches for Structuring Concession Lengths and Toll Rates for Transportation Infrastructure PPPs
Many US transportation public-private partnerships (PPPs) are based on the concession model, under which the structure of user fees and the agreement duration is central to ensuring a fair balance of risk and reward between the public and private participants. Yet previous studies of toll-rate structuring and concession-length determination have treated these two variables largely independently. Toll charges, for instance, are typically established as either supply-based, linked to the cost of constructing, maintaining, and/or operating the facility; or demand-based, adjusted to influence driver behavior in certain ways such as through variable time-of-day congestion charges. Concession lengths are designed separately to enable tax-depreciation advantages for the private sector and/or to mitigate traffic-demand risk. Considering these two variables together, though, provides new opportunities to improve the risk-and-reward profile for both partners. A review and comparative analysis of dual-variable approaches, illustrated by projects in which these strategies have been used, offers additional tools to consider in structuring future PPP procurements.
Approaches for Structuring Concession Lengths and Toll Rates for Transportation Infrastructure PPPs
Gross, Martha E. (Autor:in) / Garvin, Michael J. (Autor:in)
Construction Research Congress 2009 ; 2009 ; Seattle, Washington, United States
Building a Sustainable Future ; 191-200
01.04.2009
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
Approaches for Structuring Concession Lengths and Toll Rates for Transportation Infrastructure PPPs
| British Library Conference Proceedings | 2009
A game-theoretic approach to developing a concession renegotiation framework for user-pays PPPs
| Taylor & Francis Verlag | 2020
| British Library Conference Proceedings | 1998