Achieving Public-private Partnership in the Transport Sector

Achieving Public-Private Partnership in the Transport Sector reviews current trends in transport partnerships and provides detailed case studies of three recent partnership projects: The M1 / M15 Motorway in Western Hungary, a 56.3-kilometer, US $330 million facility; The Vasco da Gama Bridge, a 12.3-kilometer, US $1.0 billion bridge in Lisbon, Portugal; andThe Bangkok Mass Transit System, a 23.7-kilometer, US $1.5 billion elevated rail mass transit system in the Thai capital. Research has been assembled through interviews with private sector investors, financial advisers, bankers, construction companies, government officials, development bank staff, academicians, and journalists, together with the review of primary project documentation and other written materials. Representing a case of failure, a case of success, and one whose fate has not yet been determined, the case study projects offer rich comparisons. They have been shaped by differing cultural expectations and economic conditions. They have also benefited from the commitment of creative supporters and been subjected to changing political winds. Achieving Public-Private Partnership in the Transport Sector demonstrates the potential and the pitfalls of the partnership approach and details the criteria for success.