Taking its toll: The private financing of roads in Spain

被引:34
|
作者
Acerete, Basilio [1 ]
Shaoul, Jean [2 ]
Stafford, Anne [2 ]
机构
[1] Univ Zaragoza, E-50009 Zaragoza, Spain
[2] Manchester Business Sch, Manchester, Lancs, England
基金
英国经济与社会研究理事会;
关键词
D O I
10.1080/09540960802617327
中图分类号
C93 [管理学]; D035 [国家行政管理]; D523 [行政管理]; D63 [国家行政管理];
学科分类号
12 ; 1201 ; 1202 ; 120202 ; 1204 ; 120401 ;
摘要
The article analyses the cost of using private finance to build, finance and maintain toll roads in Spain. Spain is the primary exponent of private finance for roads in Europe, where the case rested on the lack of public finance, in contrast to the UK that has stressed value for money. The evidence shows that more than half of the toll charge represents the cost of finance; the cost of private finance is nearly double the cost of public finance; and financing is underpinned by various forms of public support creating risks for the taxpayers.
引用
收藏
页码:19 / 26
页数:8
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