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.


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    Title :

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


    Contributors:

    Published in:

    Transport Policy ; 30 ; 153-160


    Publication date :

    2013-01-01


    Size :

    8 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English






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