Renegotiating PPP Contracts: Reinforcing the ‘P' in Partnership

References

• Albalate, D., & Bel, G. (2009). Regulating concessions of toll motorways: An empirical study on fixed vs. variable term contracts. Transportation Research Part A: Policy and Practice, 43(2), 219–229. doi:10.1016/j.tra.2008.11.008
   Web of Science ®Google Scholar
• Athias, L., & Saussier, S. (2007). Un partenariat public-privé rigide ou flexible? Revue économique, 58(3), 565–576. doi: 10.3917/reco.583.0565
   Google Scholar
• Athias, L., & Saussier, S. (2010). Contractual flexibility or rigidity for public private partnerships? Theory and evidence from infrastructure concession contracts. Paris: Chaire EPPP.
   Google Scholar
• Baeza, M. d. l. Á. (2008). Planificación económico-financiera de las concesiones de autopistas de peaje: un estudio empírico del caso español. Editorial de la Universidad de Granada.
   Google Scholar
• Baeza, M. d. l. Á., & Vassallo, J. M. (2010). Private concession contracts for toll roads in Spain: Analysis and recommendations. Public Money & Management, 30(5), 299–304. doi: 10.1080/09540962.2010.509179
   Web of Science ®Google Scholar
• Bajari, P., & Tadelis, S. (2001). Incentives versus transaction costs: A theory of procurement contracts. The RAND Journal of Economics, 32(3), 387–407. doi:10.2307/2696361
   Web of Science ®Google Scholar
• Bitran, E., Nieto-Parra, S., & Robledo, J. S. (2013). Opening the black box of contract renegotiations: An analysis of road concessions in Chile. Colombia: OECD Publishing.
   Google Scholar
• Bloomfield, P. (2006). The challenging business of long-term public-private partnerships: Reflections on local experience. Public Administration Review, 66(3), 400–411. doi: 10.1111/j.1540-6210.2006.00597.x
   Web of Science ®Google Scholar
• Cabrera, M., & Suárez-Alemán, A. (2014). C-16 Terrassa-Manresa Toll Motorway. In A. Roumboutsos, S. Farrell, & K. Verhoest (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory: 2014 Discussion series: Country profiles & case studies. Retrieved from http://www.ppptransport.eu/docs/2014_Discussion_Papers.pdf
   Google Scholar
• Cardoso, P. M. P. C. (2011). Renegociação contratual de parcerias público-privadas no sector rodoviário (Master Dissertation). Instituto Superior Técnico. Universidade Técnica de Lisboa, Lisboa. Retrieved from https://fenix.ist.utl.pt/dissertacoes/254634
   Google Scholar
• Chiara, N., & Kokkaew, N. (2013). Alternative to Government revenue guarantees: Dynamic revenue insurance contracts. Journal of Infrastructure Systems, 19(3), 287–296. doi: 10.1061/(ASCE)IS.1943-555X.0000145
   Web of Science ®Google Scholar
• Christodoulou, C., & Efstathiades, C. (2013a). Larnaca and Paphos International Airports. In A. Roumboutsos, S. Farrell, C. L. Liyanage, & R. Macário (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part II case studies. Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• Christodoulou, C. A., & Efstathiades, C. O. (2013b). Cyprus. In K. Verhoest, N. Carbonara, V. Lember, O. H. Petersen, W. Scherrer & V. d. Hurk (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part I country profiles. Retrieved from http://www.ppptransport.eu/docs/Book_part_1.pdf
   Google Scholar
• Coghill, K., & Woodward, D. (2005). Political issues of public-private partnerships. In G. Hodge & C. Greve (Eds.), The challenge of public-private partnerships: Learning from international experience (pp. 81–94). Cheltenham: Edward Elgar.
   Google Scholar
• COST Action TU1001. (2013a). 2013 Discussion papers part II case studies (p. 224). (A. Roumboutsos, S. Farrell, C. L. Liyanage, & R. Macário, Eds.). Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• COST Action TU1001. (2013b). 2013 Discussion papers part II country profiles (p. 295). (K. Verhoest, N. Carbonara, V. Lember, O. H. Petersen, W. Scherrer, & V. d. Hurk, Eds.). Retrieved from http://www.ppptransport.eu/docs/Book_part_1.pdf
   Google Scholar
• COST Action TU1001. (2014). 2014 Discussion series: Country profiles & case studies (p. 318). (A. Roumboutsos, S. Farrell, & K. Verhoest, Eds.). Retrieved from http://www.ppptransport.eu/docs/2014_Discussion_Papers.pdf
   Google Scholar
• Costa, J., Couchinho, R., Ribeiro, J., & Macário, R. (2014a). A22 – Algarve. In A. Roumboutsos, S. Farrell & K. Verhoest (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory: 2014 Discussion series: Country profiles & case studies. Retrieved from http://www.ppptransport.eu/docs/2014_Discussion_Papers.pdf
   Google Scholar
• Costa, J., Couchinho, R., Ribeiro, J., & Macário, R. (2014b). A23- Beira Interior. In A. Roumboutsos, S. Farrell & K. Verhoest (Eds.), COST Action TU1001 – Public Private Partnerships in Transport: Trends & Theory: 2014 Discussion series: Country profiles & case studies. Retrieved from http://www.ppptransport.eu/docs/2014_Discussion_Papers.pdf
   Google Scholar
• Cruz, C. O., & Marques, R. C. (2012). Risk-sharing in seaport terminal concessions. Transport Reviews, 32(4), 455–471. doi:10.1080/01441647.2012.664576
   Web of Science ®Google Scholar
• Cruz, C. O., & Marques, R. C. (2013). Flexible contracts to cope with uncertainty in public–private partnerships. International Journal of Project Management, 31(3), 473–483. doi:10.1016/j.ijproman.2012.09.006
   Web of Science ®Google Scholar
• Dassiou, X., & Stern, J. (2009). Infrastructure contracts: Trust and institutional updating. Review of Industrial Organization, 35(1–2), 171–216. doi:10.1007/s11151-009-9221-4
   Web of Science ®Google Scholar
• De Brux, J. (2008, August 9–11). The dark and blue sides of renegotiation: An application to transport concession contracts. Paper presented at the Centre d’ Economie de la Sorbonne, Universite Paris 1 Pantheon Sorbonne.
   Google Scholar
• Dewulf, G., & Castaño, J. M. (2013). The Netherlands. In K. Verhoest, N. Carbonara, V. Lember, O. H. Petersen, W. Scherrer & V. d. Hurk (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part I country profiles. Retrieved from http://www.ppptransport.eu/docs/Book_part_1.pdf
   Google Scholar
• Dewulf, G., Garvin, M., & Duffield, C. (2011). What are the benefits of standardised PPP procurement processes? Working paper proceedings. Paper presented at the Engineering Project Organizations Conference, Estes Park, CO.
   Google Scholar
• Dong, F., & Chiara, N. (2010). Improving economic efficiency of public-private partnerships for infrastructure development by contractual flexibility analysis in a highly uncertain context. The Journal of Structured Finance, 16(1), 87–99. doi: 10.3905/jsf.2010.2010.1.002
   Google Scholar
• Engel, E. M. R. A., Fischer, R., & Galetovic, A. (2006). Renegotiation without holdup: Anticipating spending and infrastructure concessions. Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Engel, E. M. R. A., Fischer, R., & Galetovic, A. (2009). Soft budgets and renegotiations in public-private partnerships (National Bureau of Economic Research Working Paper Series No. 15300). Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• EPEC. (2014a). Market update: Review of the European PPP market in 2013. Luxembourg: European PPP Expertise Centre.
   Google Scholar
• EPEC. (2014b). PPPs financed by the European investment bank since 1990. Luxembourg: European PPP Expertise Centre.
   Google Scholar
• Flyvbjerg, B., Skamris, M. K., & Buhl, S. L. (2002). Underestimating costs in public works projects: Error or lie? Journal of the American Planning Association, 68(3), 279–295. doi: 10.1080/01944360208976273
   Web of Science ®Google Scholar
• Flyvbjerg, B., Skamris, M. K., & Buhl, S. L. (2003). How common and how large are cost overruns in transport infrastructure projects? Transport Reviews, 23(1), 71–88. doi: 10.1080/01441640309904
   Web of Science ®Google Scholar
• Flyvbjerg, B., Skamris, M. K., & Buhl, S. L. (2005). How (in) accurate are demand forecasts in public works projects? The case of transportation. Journal of the American Planning Association, 71(2), 131–146. doi: 10.1080/01944360508976688
   Web of Science ®Google Scholar
• Grimsey, D., & Lewis, M. K. (2005). Are public-private partnerships value for money? Evaluating alternative approaches and comparing academic and practitioner views. Accounting Forum, 29, 345–378. doi: 10.1016/j.accfor.2005.01.001
   Google Scholar
• Grimsey, D., & Lewis, M. K. (2007). Public private partnerships: The worldwide revolution in infrastructure provision and project finance. Cheltenham: Edward Elgar.
   Google Scholar
• Guasch, J. L. (2004). Granting and renegotiating infrastructure concession: Doing it right. The World (pp. 1–199). Washington, DC: World Bank. Retrieved from http://dx.doi.org/10.1596/0-8213-5792-1
   Google Scholar
• Guasch, J. L., Laffont, J.-J., & Straub, S. (2003). Renegotiation of concession contracts in Latin America (Vol. 3011). Washington, DC: World Bank Publications. Retrieved from http://dx.doi.org/10.1596/1813-9450-3011
   Google Scholar
• Guasch, J. L., Laffont, J.-J., & Straub, S. (2007). Concessions of infrastructure in Latin America: Government-led renegotiation. Journal of Applied Econometrics, 22(7), 1267–1294. doi:10.1002/jae.987
   Web of Science ®Google Scholar
• Guasch, J. L., Laffont, J.-J., & Straub, S. (2008). Renegotiation of concession contracts in Latin America: Evidence from the water and transport sectors. International Journal of Industrial Organization, 26(2), 421–442. doi:10.1016/j.ijindorg.2007.05.003
   Web of Science ®Google Scholar
• Guasch, J. L., & Straub, S. (2006). Renegotiation of infrastructure concessions: An overview. Annals of Public and Cooperative Economics, 77(4), 479–493. doi: 10.1111/j.1467-8292.2006.00316.x
   Google Scholar
• Hart, O. (1995). Firms, contracts, and financial structure. New York: Oxford University Press.
   Google Scholar
• Hart, O., & Moore, J. (1988). Incomplete contracts and renegotiation. Econometrica, 56(4), 755–785. doi:10.2307/1912698
   Web of Science ®Google Scholar
• Hodge, G. A., & Greve, C. (2007). Public-private partnerships: An international performance review. Public Administration Review, 67(3), 545–558. doi:10.1111/j.1540-6210.2007.00736.x
   Web of Science ®Google Scholar
• Hodge, G., & Greve, C. (2010). Public-private partnerships: Governance scheme or language game? Australian Journal of Public Administration, 69, S8–S22. doi:10.1111/j.1467-8500.2009.00659.x
   Web of Science ®Google Scholar
• Huberman, G., & Kahn, C. M. (1988). Strategic renegotiation. Economics Letters, 28(2), 117–121. doi:10.1016/0165-1765(88)90100-0
   Web of Science ®Google Scholar
• Macário, R., Couchinho, R., & Ribeiro, J. (2013a). Portugal. In K. Verhoest, N. Carbonara, V. Lember, O. H. Petersen, W. Scherrer & V. d. Hurk (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part I country profiles. Retrieved from http://www.ppptransport.eu/docs/Book_part_1.pdf
   Google Scholar
• Macário, R., Ribeiro, J., & Couchinho, R. (2013b). FERTAGUS Train. In A. Roumboutsos, S. Farrell, C. L. Liyanage & R. Macário (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part II case studies. Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• Macário, R., Ribeiro, J., & Couchinho, R. (2013c). Metro Sul do Tejo. In A. Roumboutsos, S. Farrell, C. L. Liyanage, & R. Macário (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part II case studies. Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• Miranda Sarmento, J. (2014). Lusoponte Bridge. In A. Roumboutsos, S. Farrell, & K. Verhoest (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory: 2014 Discussion series: Country profiles & case studies. Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• Mladenovic, G., Vajdic, N., Wündsch, B., & Temeljotov-Salaj, A. (2013). Use of key performance indicators for PPP transport projects to meet stakeholders’ performance objectives. Built Environment Project and Asset Management, 3(2), 228–249. doi:10.1108/BEPAM-05-2012-0026
   Google Scholar
• Nikolaidis, N., & Roumboutsos, A. (2013a). Ionia Odos Motorway. In A. Roumboutsos, S. Farrell, C. L. Liyanage & R. Macário (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part II case studies.  Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• Nikolaidis, N., & Roumboutsos, A. (2013b). Olympia Odos Motorway. In A. Roumboutsos, S. Farrell, C. L. Liyanage & R. Macário (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part II case studies.  Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar
• Nikolaidis, N., & Roumboutsos, A. (2013c). A PPP renegotiation framework: A road concession in Greece. Built Environment Project and Asset Management, 3(2), 264–278. doi:10.1108/BEPAM-05-2012-0031
   Google Scholar
• Osborne, S. P. (2000). Public-private partnerships: Theory and practice in international perspective. London: Routledge.
   Google Scholar
• Pellegrino, R., Vajdic, N., & Carbonara, N. (2013). Real option theory for risk mitigation in transport PPPs. Built Environment Project and Asset Management, 3(2), 4–4.
   Google Scholar
• Petersen, O. H. (2010). Emerging meta-governance as a regulation framework for public-private partnerships: An examination of the European Union's approach. International Public Management Review, 11(3), 1–23.
   Google Scholar
• Rockart, J. F. (1978). Chief executives define their own data needs. Harvard Business Review, 57(2), 81–93.
   Web of Science ®Google Scholar
• Rockart, J. F. (1982). The changing role of the information systems executive: A critical success factors perspective. Boston: Massachusetts Institute of Technology.
   Google Scholar
• Roumboutsos, A. (2013). Greece. In K. Verhoest, N. Carbonara, V. Lember, O. H. Petersen, W. Scherrer & V. d. Hurk (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part I country profiles. Retrieved from http://www.ppptransport.eu/docs/Book_part_1.pdf
   Google Scholar
• Saussier, S. (2000). Transaction costs and contractual incompleteness: The case of Électricité de France. Journal of Economic Behavior & Organization, 42(2), 189–206. doi: 10.1016/S0167-2681(00)00085-8
   Web of Science ®Google Scholar
• Skamris, M. K., & Flyvbjerg, B. (1997). Inaccuracy of traffic forecasts and cost estimates on large transport projects. Transport Policy, 4(3), 141–146. doi: 10.1016/S0967-070X(97)00007-3
   Google Scholar
• Soliño, A. S., & Gago de Santos, P. (2010). Transaction costs in transport public–private partnerships: Comparing procurement procedures. Transport Reviews, 30(3), 389–406. doi: 10.1080/01441640903037941
   Web of Science ®Google Scholar
• Spiller, P. T. (2008). An institutional theory of public contracts: Regulatory implications. Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Stern, J. (2012). The relationship between regulation and contracts in infrastructure industries: Regulation as ordered renegotiation. Regulation & Governance, 6(4), 474–498. doi:10.1111/j.1748-5991.2012.01141.x
   Web of Science ®Google Scholar
• TC. (2001). Relatório de Auditoria n° 47/2001 – 2ª Secção (Vol I: Introdução, Conclusões, Desenvolvimento e Observações de Auditoria). Lisboa: Tribunal de Contas.
   Google Scholar
• TC. (2003). Relatório de Auditoria n° 14/2003 – 2ª Secção: Auditoria às concessões rodoviárias em regime de portagem SCUT. Lisboa: Tribunal de Contas.
   Google Scholar
• TC. (2005). Relatório de Auditoria n° 31/2005 – 2ª Secção: Follow-up da concessão FERTAGUS. Lisboa: Tribunal de Contas.
   Google Scholar
• TC. (2008). Relatório de Auditoria n° 10/2008 – 2ª Secção: Auditoria à Gestão das Parcerias Público-Privadas – Concessões Rodoviárias. Lisboa: Tribunal de Contas.
   Google Scholar
• TC. (2011). Relatório de Auditoria n° 22/2011 – 2ª Secção: Metro Sul do Tejo. Auditoria de seguimento. Lisboa: Tribunal de Contas.
   Google Scholar
• TC. (2012). Relatório de Auditoria n° 11/2012 – 2ª Secção: Auditoria ao contrato de concessão FERTAGUS. Lisboa: Tribunal de Contas.
   Google Scholar
• Van Ham, H., & Koppenjan, J. (2001). Building public-private partnerships: Assessing and managing risks in port development. Public Management Review, 3(4), 593–616. doi:10.1080/14616670110070622. Retrieved from http://www.tandfonline.com/doi/abs/10.1080/14616670110070622#.VIhZXMmiB4A
   Google Scholar
• Vassallo, J. M. (2006). Traffic risk mitigation in highway concession projects: The experience of Chile. Journal of Transport Economics and Policy, 40(3), 359–381.
   Google Scholar
• Vassallo, J. M., Ortega, A., & Baeza, M. d. l. Á. (2012). Impact of the economic recession on toll highway concessions in Spain. Journal of Management in Engineering, 28(4), 398–406. doi:10.1061/(ASCE)ME.1943-5479.0000108
   Web of Science ®Google Scholar
• Vaz, I. A. S. (2012). As parcerias público–privadas: o caso da SCUTVIAS (Master dissertation). ISCTE, Lisboa. Retrieved from https://repositorio.iscte-iul.pt/handle/10071/4086
   Google Scholar
• Villalba-Romero, F. J. (2014). Spain. In A. Roumboutsos, S. Farrell & K. Verhoest (Eds.), COST Action TU1001: Public private partnerships in transport: Trends & theory: 2014 Discussion series: Country profiles & case studies. Retrieved from http://www.ppptransport.eu/docs/2014_Discussion_Papers.pdf
   Google Scholar
• Villalba-Romero, F. J., & Liyanage, C. L. (2014). Radial 2 (R-2) Toll Motorway. In A. Roumboutsos, S. Farrell & K. Verhoest (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory: 2014 Discussion series: Country profiles & case studies. Retrieved from http://www.ppptransport.eu/docs/2014_Discussion_Papers.pdf
   Google Scholar
• Voordijk, J. T. (2013). Coen Tunnel. In A. Roumboutsos, S. Farrell, C. L. Liyanage & R. Macário (Eds.), COST Action TU1001 public private partnerships in transport: Trends & theory P3T3, 2013 Discussion papers part II case studies. Retrieved from http://www.ppptransport.eu/docs/Book_part_2.pdf
   Google Scholar