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

  title={Highway Robbery? A Financial Analysis of Design, Build, Finance and Operate (DBFO) in UK Roads},
  author={J. Shaoul and A. Stafford and P. Stapleton},
  journal={Transport Reviews},
  pages={257 - 274}
  • J. Shaoul, A. Stafford, P. Stapleton
  • Published 2006
  • Economics
  • Transport Reviews
  • Abstract The ex‐post facto cost of using private finance in roads is examined using a case study approach. The paper focuses on the first eight design, build, finance and operate (DBFO) roads commissioned by the UK Government’s Highways Agency and paid for through a system of shadow tolls. It carries out a financial analysis of the publicly available accounting information from the Highways Agency and its private sector partners for the first 6 years since the start of the 30‐year schemes in… CONTINUE READING
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