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Risk Management by SPV Partners in Toll Road Public Private Partnerships

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Abstract

Research on risk management in Public Private Partnerships (PPPs) has largely overlooked that the Special Purpose Vehicle (SPV) is made up of several project partners with different interests and objectives to manage risk. This paper makes an important contribution to this literature as it articulates SPV partners’ perceptions of how they manage risk in toll road PPPs. Our case studies show that the different skillsets of both the international and domestic partners with their sub-contractors provide opportunities for mitigating and managing risk but also pose potential problems in terms of measuring and obtaining value for money for taxpayers.

Acceptance Date Sep 1, 2018
Publication Date Oct 1, 2018
Publicly Available Date Mar 29, 2024
Journal Public Management Review
Print ISSN 1471-9037
Publisher Routledge
DOI https://doi.org/10.1080/14719037.2018.1523450
Keywords Public Private Partnerships; Risk; Toll Roads; International SPV Partners
Publisher URL https://www.tandfonline.com/doi/full/10.1080/14719037.2018.1523450

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