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Lifting the lid: the private financing of motorway PPPs in Ireland

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dc.contributor.author Palcic, Dónal
dc.contributor.author Reeves, Eoin
dc.contributor.author Stafford, Anne
dc.date.accessioned 2019-03-28T16:09:04Z
dc.date.available 2019-03-28T16:09:04Z
dc.date.issued 2018
dc.identifier.issn 0012-9984
dc.identifier.uri http://hdl.handle.net/10344/7734
dc.description peer-reviewed en_US
dc.description.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. en_US
dc.language.iso eng en_US
dc.publisher Economic and Social Studies en_US
dc.relation.ispartofseries The Economic and Social Review;49 (2), pp. 217-239
dc.relation.uri https://www.esr.ie/article/view/914
dc.subject motorways en_US
dc.subject public-private partnerships (PPPs) en_US
dc.subject Ireland en_US
dc.title Lifting the lid: the private financing of motorway PPPs in Ireland en_US
dc.type info:eu-repo/semantics/article en_US
dc.type.supercollection all_ul_research en_US
dc.type.supercollection ul_published_reviewed en_US
dc.date.updated 2019-03-28T16:03:32Z
dc.description.version PUBLISHED
dc.rights.accessrights info:eu-repo/semantics/openAccess en_US
dc.internal.rssid 2869319
dc.internal.rssid https://www.esr.ie/index
dc.internal.copyrightchecked Yes
dc.identifier.journaltitle Economic And Social Review
dc.description.status peer-reviewed


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