Taking its toll: The private financing of roads in Spain

  title={Taking its toll: The private financing of roads in Spain},
  author={Basilio Acerete and J. Shaoul and A. Stafford},
  journal={Public Money & Management},
  pages={19 - 26}
  • Basilio Acerete, J. Shaoul, A. Stafford
  • Published 2007
  • Business, Economics
  • Public Money & Management
  • The article analyses the cost of using private finance to build, finance and maintain toll roads in Spain. Spain is the primary exponent of private finance for roads in Europe, where the case rested on the lack of public finance, in contrast to the UK that has stressed value for money. The evidence shows that more than half of the toll charge represents the cost of finance; the cost of private finance is nearly double the cost of public finance; and financing is underpinned by various forms of… CONTINUE READING
    50 Citations
    Lifting the Lid: the Private Financing of Motorway PPPs in Ireland
    • 2
    Private finance: bridging the gap for the UK's Dartford and Skye bridges?
    • 17
    The Fantasy World of Private Finance for Transport via Public Private Partnerships
    • 23
    • PDF
    Financial black holes: accounting for privately financed roads in the UK
    • 32


    Private Financing of Transport Infrastructure An Assessment of the UK Experience
    • 82
    Evaluating the risks of public private partnerships for infrastructure projects
    • 785
    Highway Robbery? A Financial Analysis of Design, Build, Finance and Operate (DBFO) in UK Roads
    • 105
    Financing European Transport Infrastructure: Policies and Practice in Western Europe
    • 21
    • Highly Influential
    Is a Mixed Funding Model for the Highway Network Sustainable over Time? The Spanish Case
    • 40
    • PDF
    Where Do We Stand on Transport Infrastructure Deregulation and Public-Private Partnership?
    • 59
    • PDF