Does the political and economic context influence the success of a transport project? An analysis of transport public-private partnerships

Galilea, Patricia; Medda, Francesca

doi:10.1016/j.retrec.2010.10.011

Cited by 79 publications

(70 citation statements)

References 7 publications

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“…The stability of the macroeconomic environment of a country plays a major role as a catalyst or inhibitor in attracting investors from the private sector (Chan et al, 2004;Galilea and Medda, 2010;Ozdoganm and Birgonul, 2000;Zhang, 2005aZhang, , 2005b. This feature is endorsed by Grilo et al (2005) who consider that the committal of the private sector to investing in infrastructure projects is largely affected by the economic stability of a country.…”

Section: Macroeconomic Environmentmentioning

confidence: 99%

The importance of non-financial determinants on public–private partnerships in Europe

Mota

Moreira

2015

International Journal of Project Management

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Section: Macroeconomic Environmentmentioning

confidence: 99%

The importance of non-financial determinants on public–private partnerships in Europe

Mota

Moreira

2015

International Journal of Project Management

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“…Many theoretical and empirical studies have confirmed how macroeconomic factors determine the success or failure of PPP projects by affecting either operations or profitability. For example, Galilea and Medda (2010) confirmed that in the transport sector GDP growth and the current account balance, measured as a percentage of GDP, affect PPP success. Meanwhile, Hyun, Park, and Tian (2017) found the macroeconomic factors economic growth and inflation the most influential determinants of PPP investments.…”

Section: Macroeconomic Instabilitymentioning

confidence: 77%

Asian Development Outlook 2017 Update Highlights

2017

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The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.Please contact pubsmarketing@adb.org if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo. Notes:In this publication, "$" refers to US dollars. Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda The outlook for developing Asia supports optimism. Rather than the slight growth moderation forecast in Asian Development Outlook 2017 in April, this Update envisages a slight uptick this year. Growth in the region is set to pick up from 5.8% in 2016 to 5.9% this year and 5.8% in 2018. Excluding the high-income newly industrialized economies, the region is expected to expand by 6.4% in 2017 and 6.3% in 2018. An upturn in global trade is backed by strengthening recovery in the United States, the euro area, and Japan. Robust investments in developing Asia and higher growth in the People's Republic of China contribute to the healthy outlook. Risks to developing Asia's outlook have become more balanced since April. The US Federal Reserve announced its plan to begin winding down the assets it purchased in the wake of the global financial crisis of [2008][2009]. Analysis in the Update notes that clear communication from the Fed has avoided market overaction to the policy change, but authorities in developing Asia nevertheless need to prepare for tighter global liquidity. In an analysis of the business cycle, this Update notes that many economies are still in the accelerating phase...

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“…According to Galilea and Medda (2010), Carpintero and Barcham (2012) and Beria et al (2015), the beginning of the road concession process started during the 1990s, whereby private companies were conceded to manage some roads, mainly in Latin America and Central and Eastern Europe. Later on, at the end of the 1990s and the beginning of the 2000s.…”

Section: Methodsmentioning

confidence: 99%

Estimating the Optimal Time for a Road Concession Contract in Brazil

Pivatto¹,

Fernandez²,

Saulo³

et al. 2017

IJEF

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Brazil has one of the largest road networks managed under concession contracts in the world. The concessions of the Federal Concession Program are divided into three stages. The main aim of this research was to identify critical successful contracts from the Third Stage of the Concession Program. The methodology adopted follows the model proposed by Ng et al. (2007). This model verifies the probability at which the project will be successfully run within the term contract. The results showed a discrepancy between the time contractually agreed and the one simulated by the model for two of the seven contracts signed in the Third Stage of the Concession Program.

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Does the political and economic context influence the success of a transport project? An analysis of transport public-private partnerships

Cited by 79 publications

References 7 publications

The importance of non-financial determinants on public–private partnerships in Europe

The importance of non-financial determinants on public–private partnerships in Europe

Asian Development Outlook 2017 Update Highlights

Estimating the Optimal Time for a Road Concession Contract in Brazil

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