The Privatisation And Nationalisation Of European Roads. Success and Failure in Public–Private Partnerships

This 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.

Contents
Part I: A Favourable Trend to Privatisation
1. European Roads: Origins and Models of the Past
2. Motorway Privatisation in Europe

Part II: Economics of Road Privatisation and the Design of PPPs
3. The Privatisation and Regulation of Motorways: The Background
4. The Design of Public-Private Collaboration
5. Demand Risk Mitigation Mechanisms
6. When Privatisation Fails: Bailouts, Renegotiations and Nationalisations

Part III: Selected Experiences in Historical Perspective
7. Spain
8. Italy
9. France

Part IV: Evaluation PPPs: What We Know About Motorway Privatization
10. An Evaluation of the Private Participation in the Motorway Industry
11. Conclusions