Jupe, R.E. (2009) New Labour, Public-Private Partnerships and Rail Transport Policy. Economic Affairs, 29 (1). pp. 20-25. ISSN 0265-0665.
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The New Labour government has favoured the deployment of Public-Private Partnerships (PPPs) to provide investment in transport infrastructure. The results of this policy on the railways have, however, been disappointing in terms of cost and efficiency. Public transport PPPs require complex contracts underpinned by regulatory mechanisms in order to maintain performance and safety standards. Moreover, risk transfer is difficult to achieve, as essential infrastructure cannot be left to the ultimate market discipline of bankruptcy.
|Subjects:||H Social Sciences > H Social Sciences (General)|
|Divisions:||Faculties > Social Sciences > Kent Business School > Accounting and Finance|
|Depositing User:||Jennifer Knapp|
|Date Deposited:||19 May 2010 14:27|
|Last Modified:||14 Dec 2011 11:28|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/24395 (The current URI for this page, for reference purposes)|
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