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Lifting the lid: the private financing of motorway PPPs in Ireland
Date
2018
Abstract
This paper addresses the complete absence of detailed information on, and analysis of, the financial aspects of Irelands road publicprivate partnership (PPP) programme to date. We focus on the eight hard toll roads in operation by 2010 and provide a financial analysis of their performance. Although privately financed we find that projects also received considerable public money. Whereas four projects are profitable, the other four have accumulated significant losses. The risk premia paid to profitable projects and the potential renegotiations that may be necessary for loss-making projects raise questions as to whether value for money can be achieved. We conclude with a number of policy recommendations.
Supervisor
Description
peer-reviewed
Publisher
Economic and Social Studies
Citation
The Economic and Social Review;49 (2), pp. 217-239
Collections
Files
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Palcic_2018_Lifting.pdf
Adobe PDF, 111.09 KB