Patsiadas, P (2006) Public private partnership in motorway service areas: Decision making, investment analysis and best practice tools. In: Boyd, D (ed.) Proceedings of 22nd Annual ARCOM Conference, 4-6 September 2006, Birmingham, UK.
Abstract
The theoretical framework of Public Private Partnership (PPP) for construction-financing-operating of Motorway Service Areas (MSA) is initially presented and illustrated through diagrams. Further, relevant research carried out at Bauhaus - Universitat Weimar (Germany) and Egnatia Odos SA (Greece) is described, wherein data from four European countries: England, France, Italy and Greece have been collected, compared and analyzed. Next, the MSA planning procedure on an expanding highway is described and the decision making stages for the selection of the suitable positions are analysed. This process includes a successive approach from the macro to the micro environment. Thereafter, the 'base case' cash flow model for investing in a typical MSA is presented and as well as the partial components (construction-financing-operating costs and revenues) and the estimation methodology (input/algorithm/output) are explained. The final cash flow diagram provides exemplary illustration of this case study. Hereupon, MSA risk management: identification, analysis and allocation of essential risks are qualitatively approached. This approach is integrated using a critical analysis of the macro economic components. Last but not least, precise conclusions that could be applied as 'best practice tools' regarding the planning decision, the traffic break / income estimation and risk management are presented.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | cash flow; decision; msa; planning |
| Index terms: | public private partnership, financing, income, methodology, best practice, decision-making, risk management, Italy, operating cost, Germany, investment analysis, Greece, estimation, revenue, England, cash flow, France, case study |
| Subjects: | financial analysis, decision analysis, Geography, financial management, research methods, contractual arrangements, economic analysis, financial and cost management, risk assessment, data collection methods, business |
| Topics: | Risk Management, Procurement, Business Strategy, Cost Management, Geographical Context, Research Practice |
| Descriptive scope: | 4 PCTE |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here