The cost of using private finance for roads in Spain and the UK

  title={The cost of using private finance for roads in Spain and the UK},
  author={Jos{\'e} Basilio Acerete and J. Shaoul and A. Stafford and Pamela Stapleton},
  journal={Australian Journal of Public Administration},
Within the context of the growing worldwide tendency to fund road construction, operation and maintenance through a variety of private financing arrangements, this article explores the implications of recent road developments in Spain and England. Among other things, it shows that the use of private financing mechanisms is problematic in relation to the cost of risk transfer, and that the lack of information due to commercial sensitivity acts as a deterrent to objective assessment. The… Expand
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