Abstract: Two common approaches have been used by governments for the implementation of public-private partnerships (PPPs): a finance-based approach that aims to use private financing to satisfy infrastructure needs, and a service-based ...

Abstract: Delayed delivery of highway infrastructure could financially hurt businesses that rely on such facilities, disrupt the public commute, and increase road user costs. For these reasons, state highway agencies (SHAs) tend to ...

Abstract: When projects suffer noncompletion, state highway agencies (SHAs) may trigger liquidated damage (LD) provisions, and at times, contractors may challenge their enforceability. Normally, to be compensated for the costs ...

Abstract: Economic modeling and risk analysis are important processes for the appraisal of infrastructure and revenue-generating projects such as build-operate-transfer (BOT) projects. These processes have been commonly implemented ...

Abstract: Payment mechanisms lie at the heart of public-private partnership (PPP) contracts. A good design of the payment mechanism should consider the owner’s goals in the project, allocate risks appropriately to stakeholders, and ...