Abstract Through a case study on Beijing's No. 4 Metro line, this paper illustrates benefits, costs, opportunities and risks in public–private partnerships (PPP) in China. It describes the process to land a concession agreement; demonstrates the consequences for revenue and costs from using a private entrepreneur; and estimates the benefits to the public sector. By using a PPP model, the public sector may save up to 31% of its initial investment and 9.4% of total expenses during the concession. The private investor may earn a profit, but bears a risk due to absence of the rule of law.

    Highlights It presents the process to land a concession agreement. It illustrates the cost control strategies of the private sector. It estimates the benefits to the public sector. It demonstrates the risks and opportunities of PPP in China.


    Zugriff

    Zugriff prüfen

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Public–private partnerships in China: A case of the Beijing No.4 Metro line


    Beteiligte:
    Chang, Zheng (Autor:in)

    Erschienen in:

    Transport Policy ; 30 ; 153-160


    Erscheinungsdatum :

    2013-01-01


    Format / Umfang :

    8 pages




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch






    Public–Private Partnerships

    Resor, Randolph R. / Tuszynski, Nick | Transportation Research Record | 2012


    Public–Private Partnerships

    McClure, Scott / Lowry, Jeff / Woodland, Jon | Transportation Research Record | 2008


    Public-Private Partnerships

    Lockwood, S. C. / IVHS America | British Library Conference Proceedings | 1992