The Privatisation and Nationalisation of European Roads Success and Failure in Public–Private Partnerships
Success and Failure in Public–Private Partnerships
Chapter 3: Privatisation and regulation of motorways: the background
Generally speaking, the decision to privatise may be inspired by a range of different motives. Among these, reasons of pragmatism in relation to the achievement of certain fiscal goals and reasons of efficiency in relation to the production of services have been the main objectives pursued by the implementation of policies of privatisation. And, in this respect, motorways have been no exception. In other sectors, various ideological or political objectives have also been of relevance, but have remained of largely marginal influence in the case of motorway privatisation. Below, I shall review the various objectives underpinning the privatisation of motorways, be they concerned with ownership and management or with the financing of motorways.
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