Miércoles, 15 Agosto 2018

Research Programme on Public-Private Partnerships
European Investment Bank EIBURS Programme

convenio colabThe Research Programme on Public-Private Partnerships (PPP) is a research programme of the Transport Research Centre, TRANSyT , and the Department of Construction both part of the Universidad Politecnica de Madrid , funded by the European Investment Bank , under the University Research Sponsorship Programme.

 

Objetivos de la investigación

The objectives are in line with the key items pointed out in the EIBURS terms for the “Public-private partnerships” research line. These items are: theoretical and empirical studies of contract design, auction design, fiscal risk, political economy of investment decisions, risk analysis, project finance, unbundling, horizontal and vertical integration in network industries, regulation, legal framework, and all aspects of the delivery of services of common interest via partnerships between the public and the private sector.

The research objectives are the following:

  • To gather the information about the implementation of PPP projects in Europe and to classify them in terms of several identifiable categories. Once this classification is done we intend to contrast the different mechanisms to evaluate the feasibility of implementing a common legal framework in Europe regarding PPPs.
  • To determine the added value of PPP approaches for financing and managing infrastructure projects.
  • To evaluate the economic sectors involved in PPP projects in Europe and to analyze the ways of enhancing competition at the European level.index03
  • To establish a set of guidelines to implement procurement mechanisms to award PPP contracts. Those guidelines will recommend the implementation of procurement mechanisms in terms of the projects' type, their size, their national background and legal framework , and so on.
  • To analyse the effectiveness of the different mechanisms to mitigate traffic risk in infrastructure PPP contracts. First, we want to evaluate the influence of the different traffic risk mitigation mechanism on the different stakeholders involved (public sector, private sector, users). Second, we want to know whether an optimum risk-sharing level can be determined or not. Third, we want to evaluate the efficiency of the different mechanism implemented up to now.
  • To evaluate the social impact of including performance-based incentives in PPP projects.
  • To define the strategic role of the EIB in promoting and financing PPP projects in Europe.
  • To evaluate the role of new long-term financing mechanisms to fund PPP projects in Europe. In particular, we will assess the feasibility and competitiveness of bond issuance and securitization.
    To determine the key issues to set up a legal framework on PPPs in the European Union. In particular, we would outline a classification of those items that should form part of the European legislation and those that should remain under the responsibility of the member states.

 

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Publicaciones en revistas

También puede consultar las publicaciones en la base de datos de RefWorks refworks

  • Vassallo, José M. (2006). Traffic Risk Mitigation in Highway Concession Projects. The Experience of Chile. Journal of Transport Economics and Policy, Volume 40, Part 3, September 2006, pp. 359 - 381
  • Vassallo, José M.; Gallego, Juan (2005). Risk Sharing in the New Public Works Concession Law in SpainRisk Sharing in the New Public Works Concession Law in Spain. Transportation Research Record 1932, pp. 1-8.
  • Vassallo, José M.; S. Soliño, Antonio (2006). The Minimum Income Guarantee in Transportation Infrastructure Concessions in ChileThe Minimum Income Guarantee in Transportation Infrastructure Concessions in Chile. Transportation Research-Record, Nº 1960, pp. 15-23.
  • Vassallo, José M.; S. Soliño, Antonio (2007). Subordinated Public Participation Loans For Financing Toll Highway Concessions in Spain. Transportation Research-Record, Nº 1996, pp. 1-9.
  • Vassallo, José M (2010). The Role of the Discount Rate in Procuring Highway Concessions under the LPVR Approach. Transportation Research Part A: Policy and Practice, Vol. 44, pp. 806-814.
  • Vassallo, José M. (2010). Flexible-term highway concessions: How can they work better?, Transportation Research-Record, Nº 2187.
  • Baeza, Maria de los Ángeles; Vassallo, José M. (2010) 'Private concession contracts for toll road in Spain: analysis and recommendations', Public Money and Management, pp. 299-304.

 

Conferencias

También puede consultar las publicaciones en la base de datos de refworks

  • Rangel, Thais; Vassallo, José M.; Arenas, Blanca; Pérez de Villar, Pablo. (2010). Do Public Private Partnerships improve road safety?. 12th World Conference on Transport Research, Lisbon.
  • Rangel, Thais; Vassallo, José M.; Arenas, Blanca (2011). Evaluation of the effectiveness of safety-based incentives in Public Private Partnerships: an empirical analysis for the case of Spain 90th Annual Meeting. Transportation Research Board, Washington DC.

 

Tesis doctorales

  •  Rangel, Thais (2011). Evaluation of the effectiveness of safety-based incentives in Public Private Partnerships. Evidence from the case of Spain, doctoral thesis. Universidad Politécnica de Madrid.
  • Gago, María Pilar (2011). Colaboraciones Público Privadas: procedimientos para minimizar sus costes de transacción, doctoral thesis. Universidad Complutense de Madrid.