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.
Public–private partnerships in China: A case of the Beijing No.4 Metro line
Transport Policy ; 30 ; 153-160
2013-01-01
8 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Public–private partnerships in China: A case of the Beijing No.4 Metro line
Online Contents | 2013
|Transportation Research Record | 2016
|Transportation Research Record | 2012
|Transportation Research Record | 2008
|British Library Conference Proceedings | 1992
|