Abstract: In the beginning of 2006, the regional government of Madrid decided to expand the subway network to the new Terminal T-4 in Madrid-Barajas International Airport using a public-private partnership (PPP) approach. Owing to ...

Abstract: As long as motorway concessions are subject to the variability of traffic demand, it is necessary to apply valuation methods that can take into account that uncertainty. In the past, many concession projects have faced an ...

Abstract: Public private partnerships (PPP) projects usually last several decades, so should the initial sponsors sell their project before the end of the contract? A financial framework is developed in this paper to determine the ...

Abstract: This paper presents a cross-country analysis of traffic risk allocation in road concessions of Latin America. It shows that some countries such as Chile, Colombia, and Peru have been greatly concerned with mitigating traffic ...

Abstract: Public Administrations need to raise private financial resources to provide for infrastructures. These projects are, however, perceived by investors as risky, so it is necessary to look for risk-sharing mechanisms that ...