The Privatisation and Nationalisation of European Roads Success and Failure in Public–Private Partnerships
Success and Failure in Public–Private Partnerships
Chapter 2: Motorway privatisation in Europe
In recent years European motorways have experienced three trends towards major involvement by the private sector: (1) due to the privatisation of motorways managed by governments through the sale of publicly owned concessionaires; (2) because of the extension of the motorway network in countries that have established a model of concession awards to private initiatives; and (3) given the broad extension of private financing, through the user payment model - strongly encouraged by the European Union - as a means of financing motorway projects managed by either the private or the public sector. These three trends favour a larger participation of the private sector and a more limited role for the state.
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