Document Type

Article

Rights

This item is available under a Creative Commons License for non-commercial use only

Disciplines

Civil engineering, Transport engineering

Publication Details

Risk Management in Motorway PPP Projects: Empirical-based Guidelines, Transport Reviews Vol. 35, Is. 2, 2015.

Abstract

This paper deals with the topic of risk management in Public–Private Partnership (PPP). The analysis of the related literature reveals that risks must be analyzed and managed on a context-specific approach, and that there is a lack of a comprehensive study on the appropriate risk mitigation strategies for each risk embedded in PPP projects. Focusing on the transport sector, based on the results of a Delphi survey, the paper provides guidelines for both public and private parties in defining a list of significant risks in PPP motorway projects, and identifying for them both the effective allocation and the suitable mitigation strategies. Results of the Delphi survey have been compared with the common practices on risk management applied in eight real motorway PPP projects.

Share

COinS