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P3 Books

Achieving Public-Private Partnership in the Transport SectorP3
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This is the first volume in a series sponsored by the Diebold Institute for Public Policy Studies. The book reviews the history of transport partnerships around the world and provides detailed case studies of three recent partnership projects:

  • The M1/M15 Motorway in Western Hungary, a 56.3-kilometer, US $330 million facility;
  • The Vasco da Gama Bridge, a 12.3-kilometer, US $1.0 billion bridge in Lisbon, Portugal
  • The Bangkok Mass Transit System, a 23.7-kilometer, US $1.5 billion elevated rail mass transit system in the Thai capital

Research for the book has been assembled through interviews with financial advisers, bankers, construction companies, investors, government officials, development banks, academicians, and journalists, together with the review of primary project documents and other written materials.

Representing a case of failure, a case of success, and one whose fate has not yet been determined, the cases offer rich comparisons. They have been shaped by differing cultural expectations and economic conditions. They have also benefited from the commitment of creative supporters and been subjected to changing political winds.

International Project FinancingProject FinanceP3
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This book deals with the legal issues encountered when negotiating and drafting agreements relating to project finance, and is designed for general use throughout the world rather than any particular country. The book is printed in loose-leaf form and is updated annually. It provides a chapter-by-chapter analysis and discussion of the different issues involved in project finance, together with contract forms that represent a collection of documents used around the world.

Going Private: The International Experience with Transport PrivatizationP3
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Going Private examines the diverse privatization experiences of transportation services and facilities. Cases are drawn from the United States, Asia, Europe, and Latin America. Since almost every country has experimented to some degree with highway and bus privatization, the authors focus particularly on these services, although they also discuss urban rail transit and airports. Highways and buses, they explain, encompass all three of the most common and basic forms of privatization: The sale of an existing state-owned enterprise; use of private, rather than public, financing and management for new infrastructure development; and contracting out to private vendors public services previously provided by government employees.