The Privatisation and Nationalisation of European Roads
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The Privatisation and Nationalisation of European Roads

Success and Failure in Public–Private Partnerships

Daniel Albalate

This distinctive and timely book examines the current state and trends in the ownership, management and financing of European high capacity roads. Offering an analysis of three pioneer countries in road privatization, Spain, France and Italy, from their origins to their recent developments, it evaluates how the design of privatisation policies may lead to their success or failure.
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Chapter 6: When privatisation fails: bailouts, renegotiations and nationalisations

Daniel Albalate

Extract

Public-private partnership (PPP) contracts may fail and consequently undermine both the reputation of privatisation policies in general and the welfare of users, taxpayers and private investors in particular. As such, an understanding of the factors that might lead to failure is essential for improving privatisation policies.

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