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    Is There Room for a PPP Secondary Market? Financial Analysis of the PPP Transport Sector

    Source: Journal of Management in Engineering:;2015:;Volume ( 031 ):;issue: 005
    Author:
    Vicente Alcaraz Carrillo de Albornoz
    ,
    Antonio Sánchez Soliño
    DOI: 10.1061/(ASCE)ME.1943-5479.0000327
    Publisher: American Society of Civil Engineers
    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 circumstances making such a sale a rational choice, with a superior performance to the nonselling alternative. Application of this framework to transport infrastructure suggests there might be room for a PPP secondary market in developed economies, but this is not so clear in emerging markets.
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      Is There Room for a PPP Secondary Market? Financial Analysis of the PPP Transport Sector

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    https://yetl.yabesh.ir/yetl1/handle/yetl/76972
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    contributor authorVicente Alcaraz Carrillo de Albornoz
    contributor authorAntonio Sánchez Soliño
    date accessioned2017-05-08T22:18:24Z
    date available2017-05-08T22:18:24Z
    date copyrightSeptember 2015
    date issued2015
    identifier other40177030.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/76972
    description abstractPublic 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 circumstances making such a sale a rational choice, with a superior performance to the nonselling alternative. Application of this framework to transport infrastructure suggests there might be room for a PPP secondary market in developed economies, but this is not so clear in emerging markets.
    publisherAmerican Society of Civil Engineers
    titleIs There Room for a PPP Secondary Market? Financial Analysis of the PPP Transport Sector
    typeJournal Paper
    journal volume31
    journal issue5
    journal titleJournal of Management in Engineering
    identifier doi10.1061/(ASCE)ME.1943-5479.0000327
    treeJournal of Management in Engineering:;2015:;Volume ( 031 ):;issue: 005
    contenttypeFulltext
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