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Original Articles

Highway Robbery? A Financial Analysis of Design, Build, Finance and Operate (DBFO) in UK Roads

, &
Pages 257-274 | Accepted 17 Oct 2005, Published online: 23 Feb 2007

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Read on this site (19)

Jonathan L. Gifford, Lisardo A. Bolaños, Nobuhiko Daito & Carter B. Casady. (2023) What triggers public-private partnership (PPP) renegotiations in the United States?. Public Management Review 0:0, pages 1-27.
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Antonio Sánchez Soliño & Pilar Gago de Santos. (2016) Influence of the Tendering Mechanism in the Performance of Public-Private Partnerships: A Transaction Cost Approach. Public Performance & Management Review 40:1, pages 97-118.
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Alejandro Ortega, Maria de los Angeles Baeza & Jose Manuel Vassallo. (2016) Contractual PPPs for Transport Infrastructure in Spain: Lessons from the Economic Recession. Transport Reviews 36:2, pages 187-206.
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Zhenhua Chen, Nobuhiko Daito & Jonathan L. Gifford. (2016) Data Review of Transportation Infrastructure Public–Private Partnership: A Meta-Analysis. Transport Reviews 36:2, pages 228-250.
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Pekka Leviäkangas, Tuomo Kinnunen & Aki Aapaoja. (2016) Infrastructure public–private partnership project ecosystem – financial and economic positioning of stakeholders. The European Journal of Finance 22:3, pages 221-236.
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Samuel Carpintero & Ole Helby Petersen. (2014) PPP projects in transport: evidence from light rail projects in Spain. Public Money & Management 34:1, pages 43-50.
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Eoin Reeves. (2013) The Not So Good, the Bad and the Ugly: Over Twelve Years of PPP in Ireland. Local Government Studies 39:3, pages 375-395.
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Matti Siemiatycki. (2009) Delivering Transportation Infrastructure Through Public-Private Partnerships: Planning Concerns. Journal of the American Planning Association 76:1, pages 43-58.
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Penny Harvey & Hannah Knox. (2008) ‘OTHERWISE ENGAGED’. Journal of Cultural Economy 1:1, pages 79-92.
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Jonas Spohr, Kim Wikström, Niko-Matti Ronikonmäki, Michael Lepech & Soh Young In. (2024) Are private investors overcompensated in infrastructure projects?. Transport Policy 152, pages 1-8.
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Andreas Wibowo. (2022) VfM-at-Risk Analysis Model for Build–Operate–Transfer Infrastructure Projects. Journal of Infrastructure Systems 28:4.
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Fernando Camacho & Carlos Oliveira Cruz. (2022) Toll road sector in Brazil: Regulation by contract and recent innovations. Competition and Regulation in Network Industries 23:2, pages 135-152.
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Fragkoulis Papagiannis, Patrizia Gazzola, David Slavata & Daniele Grechi. (2021) Designing successful business strategies for private public partnerships: an ontological approach. Kybernetes 51:2, pages 641-658.
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Gianni Carbonaro. 2022. Handbook on Public Private Partnerships in Transportation, Vol II. Handbook on Public Private Partnerships in Transportation, Vol II 199 221 .
D. G. Williams. 2022. Handbook on Public Private Partnerships in Transportation, Vol II. Handbook on Public Private Partnerships in Transportation, Vol II 179 198 .
Carlos Oliveira Cruz & Joaquim Miranda SarmentoCarlos Oliveira Cruz & Joaquim Miranda Sarmento. 2022. Public Private Partnerships Renegotiations in Transportation. Public Private Partnerships Renegotiations in Transportation 153 171 .
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Luís Cracel Viana, Joaquim Miranda Sarmento, José António Moreira & Paulo Alves. (2020) The impact of public–private partnerships on public accounts: The Portuguese roads sector. Financial Accountability & Management 37:3, pages 279-302.
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Fadhli Zul Fauzi & Bevaola Kusumasari. (2020) Public-private partnership in Western and non-Western countries: a search for relevance. Journal of Financial Management of Property and Construction 26:1, pages 87-102.
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John Ward. 2021. International Encyclopedia of Transportation. International Encyclopedia of Transportation 147 153 .
Victor Barros, Joaquim Miranda Sarmento & João Sousa. (2020) Market reaction following the award of highway concessions: Market surprise or positive anticipation?. Case Studies on Transport Policy 8:4, pages 1468-1477.
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Morten Welde, Svein Bråthen, Jens Rekdal & Wei Zhang. (2020) Road investments and the trade-off between private and public funding. Research in Transportation Economics 82, pages 100875.
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Salman Ahmad, Ciaran Connolly & Istemi Demirag. (2018) A study of the operationalization of management controls in United Kingdom Private Finance Initiative contracts. Public Administration 98:1, pages 92-108.
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Zhe Cheng, Yongjian Ke, Zhenshan Yang, Jianming Cai & Huanming Wang. (2020) Diversification or convergence. Engineering, Construction and Architectural Management 27:6, pages 1315-1335.
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Suhaiza Ismail, Mubarak Shehu Musawa & Hawa Ahmad. (2019) Transparency of public private partnership (PPP): the extent of mandatory information disclosure. Built Environment Project and Asset Management 9:5, pages 655-668.
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Khalid Almarri, Saleh Alzahrani & Halim Boussabaine. (2019) An evaluation of the impact of risk cost on risk allocation in public private partnership projects. Engineering, Construction and Architectural Management 26:8, pages 1696-1711.
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Basilio ACERETE, Mar GASCA & Anne STAFFORD. (2018) TWO DECADES OF DBFO ROADS IN THE UK AND SPAIN: AN EVALUATION OF THE FINANCIAL PERFORMANCE. Annals of Public and Cooperative Economics 90:2, pages 269-289.
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Daniel Albalate, Germà Bel & Albert Gragera. (2019) Politics, risk, and white elephants in infrastructure PPPs. Utilities Policy 58, pages 158-165.
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Chuanjun Zheng, Jingfeng Yuan, Lingzhi Li & Mirosław J. Skibniewski. (2019) Process-Based Identification of Critical Factors for Residual Value Risk in China's Highway PPP Projects. Advances in Civil Engineering 2019, pages 1-21.
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Nannan Wang, Xiaoyan Chen & Guobin Wu. (2019) Public Private Partnerships, a Value for Money Solution for Clean Coal District Heating Operations. Sustainability 11:8, pages 2386.
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Katarzyna G. Sobiech-Grabka. (2019) Cities for our grandchildren: responsibility towards future generations in PPP projects. Kwartalnik Nauk o Przedsiębiorstwie 50:1, pages 53-61.
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Xinhua Mao, Jiahua Gan & Xilong Zhao. (2019) Debt Risk Evaluation of Toll Freeways in Mainland China Using the Grey Approach. Sustainability 11:5, pages 1430.
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Francisco Pinheiro Catalão, Carlos Oliveira Cruz & Joaquim Miranda Sarmento. (2019) The determinants of cost deviations and overruns in transport projects, an endogenous models approach. Transport Policy 74, pages 224-238.
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John Ward, Harry T Dimitriou, Brian G Field & Marco Dean. (2019) The Planning and Appraisal of Mega Transport Infrastructure Projects Delivered by Public–Private Partnerships: The Case for the Use of Policy-Led Multi-Criteria Analysis. Organization, Technology and Management in Construction: an International Journal 11:1, pages 1992-2008.
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Zhe Cheng, Zhenshan Yang, Huina Gao, Hui Tao & Ming Xu. (2018) Does PPP Matter to Sustainable Tourism Development? An Analysis of the Spatial Effect of the Tourism PPP Policy in China. Sustainability 10:11, pages 4058.
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Carlos Oliveira Cruz & Joaquim Miranda Sarmento. (2018) The price of project finance loans for highways. Research in Transportation Economics 70, pages 161-172.
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Michael Opara. (2017) Value for Money and Risk Relationships in Public–Private Partnerships: Evaluating Program‐based Evidence. Australian Accounting Review 28:3, pages 391-404.
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Martijn van den Hurk. (2018) Public–Private Partnerships: Where Do We Go From Here? A Belgian Perspective. Public Works Management & Policy 23:3, pages 274-294.
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Jeong Yun Kweun, Porter K. Wheeler & Jonathan L. Gifford. (2018) Evaluating highway public-private partnerships: Evidence from U.S. value for money studies. Transport Policy 62, pages 12-20.
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Martijn van den Hurk & Marlies Hueskes. (2017) Beyond the financial logic: Realizing valuable outcomes in public–private partnerships in Flanders and Ontario. Environment and Planning C: Politics and Space 35:5, pages 784-808.
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José Manuel Vassallo, María de los Ángeles Baeza & Alejandro Ortega. (2017) PPPs in Spain: Lessons from the Economic Recession. PPPs in Spain: Lessons from the Economic Recession.
Mubarak Shehu Musawa, Suhaiza Ismail & Hawa Ahmad. (2017) Disclosure of public-private partnership (PPP) voluntary information. Asia-Pacific Journal of Business Administration 9:2, pages 146-163.
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Joaquim Miranda Sarmento & Luc Renneboog. (2016) Cost Overruns in Public Sector Investment Projects. Public Works Management & Policy 22:2, pages 140-164.
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Kean Birch & Matti Siemiatycki. (2015) Neoliberalism and the geographies of marketization. Progress in Human Geography 40:2, pages 177-198.
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Erik Gawel. 2016. New Perspectives for Environmental Policies Through Behavioral Economics. New Perspectives for Environmental Policies Through Behavioral Economics 237 251 .
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Pekka Juhani Leviäkangas, Marko Juha Mikael Nokkala & Antti Petri Talvitie. (2015) A slice or the whole cake? Network ownership, governance and public–private partnerships in Finland. Research in Transportation Economics 49, pages 2-13.
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Richard Burke & Istemi Demirag. (2015) Changing perceptions on PPP games: Demand risk in Irish roads. Critical Perspectives on Accounting 27, pages 189-208.
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Matti Siemiatycki. (2012) The Global Production of Transportation Public–Private Partnerships. International Journal of Urban and Regional Research 37:4, pages 1254-1272.
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Veronica Vecchi, Mark Hellowell & Stefano Gatti. (2013) Does the private sector receive an excessive return from investments in health care infrastructure projects? Evidence from the UK. Health Policy 110:2-3, pages 243-270.
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Carlos Oliveira CruzRui Cunha Marques. (2013) Risk-Sharing in Highway Concessions: Contractual Diversity in Portugal. Journal of Professional Issues in Engineering Education and Practice 139:2, pages 99-108.
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Hiroyuki Iseki & Rebecca Houtman. (2012) Evaluation of progress in contractual terms: Two case studies of recent DBFO PPP projects in North America. Research in Transportation Economics 36:1, pages 73-84.
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Paul Andon. (2012) Accounting‐related research in PPPs/PFIs: present contributions and future opportunities. Accounting, Auditing & Accountability Journal 25:5, pages 876-924.
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Tore Sager. (2011) Neo-liberal urban planning policies: A literature survey 1990–2010. Progress in Planning.
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Jose Basilio Acerete, Jean Shaoul, Anne Stafford & Pam Stapleton. (2010) The Cost of Using Private Finance for Roads in Spain and the UK. Australian Journal of Public Administration 69:s1.
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Jean Shaoul, Anne Stafford & Pam Stapleton. (2010) Financial black holes. Accounting, Auditing & Accountability Journal 23:2, pages 229-255.
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Khali R. PersadPatricia FrancoC. Michael Walton. (2010) Experience with Pass-Through Tolling Agreements in Texas. Transportation Research Record: Journal of the Transportation Research Board 2187:1, pages 16-21.
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Demi Chung, David A. Hensher & John M. Rose. (2010) Toward the betterment of risk allocation: Investigating risk perceptions of Australian stakeholder groups to public–private-partnership tollroad projects. Research in Transportation Economics 30:1, pages 43-58.
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Jean Shaoul. 2009. Critical Essays on the Privatisation Experience. Critical Essays on the Privatisation Experience 1 38 .
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Joaquim Miranda Sarmento & Luc Renneboog. (2014) Public-Private Partnerships: Risk Allocation and Value for Money. SSRN Electronic Journal.
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Eoin Reeves. (2013) Public-Private Partnerships in Ireland: A Review of the Experience 1999-2012. SSRN Electronic Journal.
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Jonathan L. Gifford. (2011) Policy Options for Secondary Road Construction and Management in the Commonwealth of Virginia. SSRN Electronic Journal.
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