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The Renegotiations of Public Private Partnerships in Transportation

Part of the book series: Competitive Government: Public Private Partnerships ((CGPPP))

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Abstract

The use of PPP as a procurement model is growing worldwide. The relevance of PPPs is mainly due to the phenomenon of the growing demand for infrastructures, as well as the fact that governments are becoming increasingly subject to fiscal pressure. However, PPP have exhibit a relevant pitfall—renegotiations. This book re-examines the theoretical justification underlying the phenomenon of renegotiations, and also analyses the empirical contributions from around the world that have tried to identify the main determinants for the likelihood of renegotiations, as well as their motives and the outcomes. The book also provides a project-based analysis of selected case studies from different countries, to help understand why and how renegotiations come about. To the best of our knowledge, this book is the first attempt to provide a comprehensive and holistic review of the theory and empirical evidence of PPP renegotiations.

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Authors and Affiliations

  1. CERIS, Instituto Superior Técnico, Universidade de Lisboa, Lisbon, Portugal

    Carlos Oliveira Cruz

  2. Advance/CSG, ISEG - Lisbon School of Economics and Management, Universidade de Lisboa, Lisbon, Portugal

    Joaquim Miranda Sarmento

Authors
  1. Carlos Oliveira Cruz
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  2. Joaquim Miranda Sarmento
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Oliveira Cruz, C., Miranda Sarmento, J. (2021). Introduction. In: The Renegotiations of Public Private Partnerships in Transportation. Competitive Government: Public Private Partnerships. Springer, Cham. https://doi.org/10.1007/978-3-030-61258-0_1

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