Is EU financial support enhancing the economic performance of PPP projects? An empirical analysis on the case of spanish road infrastructure

Garrido, Laura; Gómez, Juan; Baeza, María de los Ángeles; Vassallo, José Manuel

doi:10.1016/j.tranpol.2017.02.010

Cited by 27 publications

(9 citation statements)

References 23 publications

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“…Garido et al [42] point out that blending financial structures can provide additional discipline in the deployment of EU funds and introduce a benefit of private sector financial discipline in EE projects, such as efficient risk management, punctual project and budget delivery, provide efficient public service, etc. Pereira [43] argues that these structures can significantly contribute to the sustainability of projects.…”

Section: Concept Of Blending In Ee Projectsmentioning

confidence: 99%

Effectiveness of Blending Alternative Procurement Models and EU Funding Mechanisms Based on Energy Efficiency Case Study Simulation

2019

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Over the past twenty years, many countries have been looking for alternative procurement models in providing public sector energy efficiency (EE) projects because of high public sector debt and budget deficit. These projects have traditionally been procured and financed by the public sector. While the majority of EU funding resources will be realized in more traditional, purely grant-funded procurement models, a new Investment Plan for Europe for the programming period 2014–2020 has focused on supporting higher private sector involvement in infrastructure investments for achieving the EU Strategy 20/20/20 goals. Seeing that the fundamental purpose of investing in infrastructure is investing in providing public services, the involvement of the private sector is only possible through some alternative procurement models. In these initiatives both the public and the private sector retain their own identities and responsibilities, while their co-operation is based on clearly defined divisions of tasks and risks. The main objective of this paper is to assess the effectiveness of blending alternative procurement models with available EU funding mechanisms in EE sector by applying case study simulation. The findings will show the effectiveness of alternative options and the use of blending solutions in EE investments.

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Section: Concept Of Blending In Ee Projectsmentioning

confidence: 99%

Effectiveness of Blending Alternative Procurement Models and EU Funding Mechanisms Based on Energy Efficiency Case Study Simulation

2019

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“…PPPs were often long-term contractual agreements between public and private entities, whereby the private entity took over certain services normally provided by the public entity (Grimsey and Lewis 2002: 108). As limitations on the public financing of transport infrastructure increased, the use of PPPs became widespread in Europe (Garrido et al, 2017).…”

Section: Experiments In Financing Eu Infrastructurementioning

confidence: 99%

Framing the European Fund for Strategic Investments: A Comparative Analysis of the EU's Institutional Discourse

Amerkamp¹,

Stephenson²

2020

JCER

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In 2014, newly elected Commission President Juncker pushed to create the European Fund for Strategic Investments (EFSI), the aim of creating jobs and stimulating growth. With guarantees offered by the fund and the involvement of the European Investment Bank, the plan was to use €21 billion to leverage €315 billion of investment in the European economy. The EFSI legislative process was very fast with legislation emerging in just a year, with the first EFSI regulation appearing in mid-2015. Using policy frame analysis, this article zooms in on the discursive patterns of the European Commission, European Parliament and Council, expecting to find transport infrastructure a key theme given the low investment levels in this sector after the financial crisis in 2008. Analysing key documents at two periods in time, and drawing on interviews with officials, it explores the arguments used to make the case for EFSI and how these changes over time, leading to the extension of EFSI through an amended regulation in December 2017. In so doing, it shows the strategic positions of the institutions during Agenda-setting for EFSI. Moreover, he article explores questions of legitimacy and accountability. It reveals how key events including the Paris Agreement on climate change (December 2015) and Brexit referendum (June 2016) increased the persuasiveness of its framing.

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“…The PPP model promotes the improvement of service quality (Iossa and Martimort ) but also brings about investment inefficiencies, such as long negotiation times and high transaction costs (Chan et al ). Free and competitive macroeconomic environments and sound legal systems have a positive effect on PPP investment efficiency (Mota and Moreira ); financial support policies have also promoted the investment performance of PPP projects (Garrido et al ). Reasonable risk allocation, policy support, public support, and transparent procurement procedures are important factors in the success of PPP project investment (Osei‐Kyei and Chan ).…”

Section: Literature Reviewmentioning

confidence: 99%

Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China

Ling

Zhou

Xiong

et al. 2019

Asian-Pac Economic Lit

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By identifying the political motives of officials and local governments, this study aims to provide a new political economic analysis framework for understanding China's incentives for investing in public–private partnership (PPP) infrastructure projects. Chinese urban panel data for the period 2013–17 were used to examine the mechanisms of promotion pressure and financial burden in relation to investments in PPP infrastructure projects. Based on our findings, the following policy recommendations are proposed: standardise the behaviour of local government officials in promoting PPP projects, establish a lifelong accountability mechanism for PPP project performance, establish a mechanism for local government debt risk assessment and prevention, and avoid the risk of local debt arising from over‐investment in PPP infrastructure projects. Moreover, a match should be formed between local economic infrastructure planning and investment plans to avoid over‐ or under‐investment.

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Is EU financial support enhancing the economic performance of PPP projects? An empirical analysis on the case of spanish road infrastructure

Cited by 27 publications

References 23 publications

Effectiveness of Blending Alternative Procurement Models and EU Funding Mechanisms Based on Energy Efficiency Case Study Simulation

Effectiveness of Blending Alternative Procurement Models and EU Funding Mechanisms Based on Energy Efficiency Case Study Simulation

Framing the European Fund for Strategic Investments: A Comparative Analysis of the EU's Institutional Discourse

Effect of promotion pressure and financial burden on investment in public–private partnership infrastructure projects in China

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