New Labour, Public-Private Partnerships and Rail Transport Policy

Jupe, Robert E. (2009) New Labour, Public-Private Partnerships and Rail Transport Policy. Economic Affairs, 29 (1). pp. 20-25. ISSN 0265-0665. (The full text of this publication is not available from this repository)

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Official URL
http://dx.doi.org/10.1111/j.1468-0270.2009.01862.x

Abstract

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.

Item Type: Article
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: 27 May 2014 14:28
Resource URI: http://kar.kent.ac.uk/id/eprint/24395 (The current URI for this page, for reference purposes)
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