Understanding the patterns of PPP renegotiations for infrastructure projects in Latin America

Neto, Dimas de Castro e Silva; Cruz, Carlos Oliveira; Sarmento, Joaquim Miranda

doi:10.1177/1783591718790712

Cited by 22 publications

(8 citation statements)

References 44 publications

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“…Secondly, there are legal barriers to the implementation and adoption of solutions such as electric corridors, or allowing autonomous driving on motorways or on urban roads. These legal barriers can also affect the implementation of congestion pricing, bearing in mind that contracts exist with concessionaires that establish the toll regimes, and any change will lead to a renegotiation of the contract (Cruz & Marques, 2013b; Neto, Cruz, & Sarmento, 2018; Reis & Sarmento, 2017). This also raises some economic barriers.…”

Section: Discussionmentioning

confidence: 99%

Maximizing the value for money of road projects through digitalization

Cruz

Sarmento

2018

Competition and Regulation in Network Industries

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Roads are a central element of transportation systems, enabling economic and social development, fostering territorial cohesion and facilitating the movement of people and cargo. Governments have devoted significant financial resources to developing and improving their road networks, and are still facing increasing pressure to ensure proper maintenance and payments to those concessionaires that developed roads under public–private partnership arrangements. As in other sectors, digitalization is paving a way towards significant changes in the way we build, operate and finance infrastructure. These changes will have a profound impact on the entire life cycle of an infrastructure, from the design and/or construction stage, to its operation and transfer. This article provides an overall overview of the main technological developments which are, or could impact road infrastructure in the short, medium and long term. For each technological development identified in our research, we analyse the potential impact on Capex, Opex and revenues as well as their level of maturity and expected lifetime for mass adoption, and also the main bottlenecks or barriers to implementation. Additionally, we explore potential savings on investment (capex) and operational costs (opex) and increase in revenues, using data from the Portuguese highway companies. Savings can represent almost 30% of capex and opex. Overall, savings and increases in revenues can represent an impact similar to 20–40% of current revenues. The findings show that digitalization and technological development in the road sector can significantly impact the economic performance of roads, thus enhancing the value of money for the society. The findings also show that there might be some excess capacity of road systems once autonomous vehicles achieve higher market penetration. However, there are still some relevant legal, regulatory, institutional and technological and economic barriers that are slowing down the digitalization process.

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Section: Discussionmentioning

confidence: 99%

Maximizing the value for money of road projects through digitalization

Cruz

Sarmento

2018

Competition and Regulation in Network Industries

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“…Renegotiation is often triggered by the private sector and is seen as opportunistic behaviour (Neto et al, 2017;Guasch et al, 2014). There are instances where a low-cost strategy was planned all along during the bidding stage, with the expectation of renegotiation later to recover the intended profit margin or an opportunity to make an extra profit (Xing et al, 2020;Uyarra et al, 2014).…”

Section: Renegotiationmentioning

confidence: 99%

Constraints to incorporate competition in public-private partnerships in Malaysia

Zawawi¹,

Rathnasinghe

Kulatunga

2022

IJPM

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Competition in procurement not only benefits government and taxpayers but also provides an equal market for the private sector. Competitive procurement stimulates market creativity, as it discourages anti-competitive behaviour. Despite the complexity of the PPP procurement process, the world is now promoting competition within it, an element yet to be fully implemented in Malaysia. This paper analyses the constraints that Malaysia faces in effectively maintaining PPP competition. Within the case study research strategy, semi-structured interviews and content analysis were used as data collection and analysing methods. The study found that in its efforts to make the PPP program a success, the Malaysian PPP has followed flexible implementation, with less emphasis on competition. The effect of focusing only on PPP's macro aim has resulted in a lack of competition in practice. The current challenge is to strike a balance between achieving aims and maintaining governance and therefore getting the best out of PPP in Malaysia.

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“…In fact, the political commitment of the public sector is one of the most influential factors in implementing PPP (Seibert, 2006; Firmino, 2018). It can even be said that the political factor is one of the elements that significantly influences the success and failure of PPP implementation in various countries (Kokkaew et al , 2013; Ahmad et al , 2017; Neto et al , 2018). Thus, political commitment is a crucial element that should be given substantial consideration when comparing PPP implementations in various countries.…”

Section: Successful Factors In Implementing Public–private Partnershipmentioning

confidence: 99%

Public-private partnership in Western and non-Western countries: a search for relevance

Fauzi

Kusumasari

2020

JFMPC

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Purpose This paper aims to compare the implementation of public–private partnership (PPP) in Western and non-Western countries by analyzing several predetermined aspects such as government and political system, PPP’s model of agreement, political commitment and the role of PPP supporting unit. Design/methodology/approach This study uses comparative case studies to compare the implementation of PPP in seven Western and non-Western countries by using various appropriate data such as frequently used agreements, government systems, political commitments and PPP-supporting units to understand the extent of differences in the success of PPP implementation found in each country. Findings The results reveal that the implementation of PPPs in Western and non-Western countries do not significantly differ, except for in the instance of political commitments. Political interventions in PPP implementation still frequently occurred in non-Western countries, which consequently disrupted the implementation of PPP itself. Originality/value Previous comparison of PPP studies only focused on the implementation of PPP without analyzing the political context in each country. One of the contributions that this paper will bring to the conversations around PPP is that the implementation of PPP will be analyzed with regard to political contexts.

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Understanding the patterns of PPP renegotiations for infrastructure projects in Latin America

Cited by 22 publications

References 44 publications

Maximizing the value for money of road projects through digitalization

Maximizing the value for money of road projects through digitalization

Constraints to incorporate competition in public-private partnerships in Malaysia

Public-private partnership in Western and non-Western countries: a search for relevance

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