Overview
This distinctive and timely book examines the current state and trends in the ownership, management and financing of European high capacity roads. Offering an analysis of three pioneer countries in road privatization, Spain, France and Italy, from their origins to their recent developments, it evaluates how the design of privatization policies may lead to their success or failure.Describing the trend in favoring public-private collaboration and road charging, Professor Daniel Albalate presents the theoretical framework of road privatization and its relevant design issues. Exhaustively studying the national experiences in historical perspective, he aims at providing lessons on the good, the bad and the ugly of road privatisation. As a result, this excellent study shows the increasing role of private financing and ownership in Europe, a trend mainly explained by fiscal motivations and the thrust of the European Commission. Presenting an evaluation of the critical elements of the contractual and regulatory design of the public-private collaboration that determines the likelihood of success and failure, this unique book will be of special interest to academics, graduate students and policy makers interested in the public provision and financing of road infrastructure, and public finance more generally.
Full Product Details
Author: Daniel Albalate
Publisher: Edward Elgar Publishing Ltd
Imprint: Edward Elgar Publishing Ltd
ISBN: 9781781953921
ISBN 10: 1781953929
Pages: 272
Publication Date: 30 May 2014
Audience:
Professional and scholarly
,
Professional & Vocational
Format: Hardback
Publisher's Status: Active
Availability: To order
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.
Reviews
'This book sheds light on an important issue both in transport policy and more in general on innovative forms of state intervention. After a solid analysis of the drivers of the majority of European countries in changing radically their attitude toward this strategic sector (budget constraints and efficiency goals), it describes in detail the wide set of technical and financial tools employed to involve the private sector. And its conclusions are not less illuminating: this privatization process, in order to be successful, requires a well constructed case by case strategy, and the public sector has to remain fully vigilant and aware of the risks involved in this approach.' - Marco Ponti, Politecnico University of Milan, Italy 'Daniel Albalate has produced the most comprehensive review of critical issues facing private participation in European motorways to date. The book's scope is breathtaking, offering a concise history of the development of European roads, and the main reasons for the failure of many European motorway public-private partnerships while reviewing the design of road public-private partnerships. Readers will come away with a fresh understanding of interactions between public policy and private participation in road construction, financing, operation and maintenance' - Rick Geddes, Associate professor in the Department of Policy Analysis and Management at Cornell University. 'Daniel Albalate provides the most comprehensive and updated analysis on privatization and nationalization of motorways in Europe. Albalate's thorough review of the trends in the ownership, management and financing of European motorways is a must-read for anybody interested in what are the factors that favor or undermine private participation in this type of infrastructure, which is a subject of increasing interest in the public policies in Europe, and throughout the world. This book provides very useful insights for scholars, and also relevant implications for policy makers.' - Germa Bel, University of Barcelona, Spain
‘This book sheds light on an important issue both in transport policy and more in general on innovative forms of state intervention. After a solid analysis of the drivers of the majority of European countries in changing radically their attitude toward this strategic sector (budget constraints and efficiency goals), it describes in detail the wide set of technical and financial tools employed to involve the private sector. And its conclusions are not less illuminating: this privatisation process, in order to be successful, requires a well constructed “case by case” strategy, and the public sector has to remain fully vigilant and aware of the risks involved in this approach.’ -- Marco Ponti, Politecnico University of Milan, Italy ‘Daniel Albalate has produced the most comprehensive review of critical issues facing private participation in European motorways to date. The book’s scope is breathtaking, offering a concise history of the development of European roads, and the main reasons for the failure of many European motorway public-private partnerships while reviewing the design of road public-private partnerships. Readers will come away with a fresh understanding of interactions between public policy and private participation in road construction, financing, operation and maintenance’ -- Rick Geddes, Cornell University, US ‘Daniel Albalate provides the most comprehensive and updated analysis on privatisation and nationalisation of motorways in Europe. Albalate’s thorough review of the trends in the ownership, management and financing of European motorways is a must-read for anybody interested in the factors that favor or undermine private participation in this type of infrastructure, which is a subject of increasing interest in the public policies in Europe, and throughout the world. This book provides very useful insights for scholars, and also relevant implications for policy makers.’ -- Germà Bel, University of Barcelona, Spain
'This book sheds light on an important issue both in transport policy and more in general on innovative forms of state intervention. After a solid analysis of the drivers of the majority of European countries in changing radically their attitude toward this strategic sector (budget constraints and efficiency goals), it describes in detail the wide set of technical and financial tools employed to involve the private sector. And its conclusions are not less illuminating: this privatisation process, in order to be successful, requires a well constructed case by case strategy, and the public sector has to remain fully vigilant and aware of the risks involved in this approach.' -- Marco Ponti, Politecnico University of Milan, Italy 'Daniel Albalate has produced the most comprehensive review of critical issues facing private participation in European motorways to date. The book's scope is breathtaking, offering a concise history of the development of European roads, and the main reasons for the failure of many European motorway public-private partnerships while reviewing the design of road public-private partnerships. Readers will come away with a fresh understanding of interactions between public policy and private participation in road construction, financing, operation and maintenance' -- Rick Geddes, Cornell University, US 'Daniel Albalate provides the most comprehensive and updated analysis on privatisation and nationalisation of motorways in Europe. Albalate's thorough review of the trends in the ownership, management and financing of European motorways is a must-read for anybody interested in the factors that favor or undermine private participation in this type of infrastructure, which is a subject of increasing interest in the public policies in Europe, and throughout the world. This book provides very useful insights for scholars, and also relevant implications for policy makers.' -- Germa Bel, University of Barcelona, Spain
Author Information
Daniel Albalate, University of Barcelona, Spain
