A Dysfunctional Legal Framework for Failed Public–Private Partnership Projects
Accounting or Economics
Bibliographic Data
| ID | 13027271 |
|---|---|
| Authors | Vicente Alcaraz Carrillo de Albornoz (0000-0002-4082-9054, Universidad Politécnica de Madrid, corresponding author), Juan Molina Millán (0000-0001-7119-5958, Universidad Politécnica de Madrid), Antonio Lara (0000-0003-4998-4584), Antonio Lara-Galera (0000-0001-6367-3278, Universidad Politécnica de Madrid), Belén Muñoz-Medina (0000-0002-8274-1384, Universidad Politécnica de Madrid) |
| Year | 2022 |
| Volume | 11 |
| Issue | 12 |
| Pages | 554-554 |
| Publication date | 2022-11-28 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Sciences (JOURNAL) |
| Journal identifiers | ISSN: 2076-0760 • E-ISSN: 2076-0760 |
| Publisher | MDPI AG (PUBLISHER • IT) |
| DOI | 10.3390/socsci11120554 |
| OpenAlex | W4310147148 |
| Language | EN |
| References cited | 21 |
Public–private partnerships (PPP) are complex long-term arrangements used in public infrastructure, public services or public facilities projects. To ensure that PPPs transfer enough risk to the private sector, European directives first and member states’ national legal frameworks later have modified how these projects are treated in the event of early termination. This paper aims to analyze said changes to determine if they well serve the public interest. The analysis is done by mapping the different alternatives a granting authority has when confronted with a PPP early termination, as stated by the law. We illustrate our analysis with a case study: The Móstoles-Navalcarnero railway, a Spanish PPP project that came to early termination during the construction stage. For this project, we determine the options available to the granting authority with the old Spanish legal framework (in force at the time the project was awarded) and with the new Spanish legal framework
Business · Dysfunctional family · General partnership · Political science · Private finance initiative · Private sector · Public interest · Public work · Public–private partnership · Fiscal Policy and Economic Growth · Law · Public Administration · Public Procurement and Policy · Public-Private Partnership Projects · Accounting · Finance
| Highly cited | No |
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