Public-Private Partnerships in Toll Motorways in Poland: A Comparison of Financing, Exploitation and Fiscal Risks

Nowy Sacz Academic Review, No. 3, 2007

8 Pages Posted: 24 Apr 2008 Last revised: 2 Feb 2009

See all articles by Marian W. Moszoro

Marian W. Moszoro

George Mason University - Department of Economics; George Mason University - Interdisciplinary Center for Economic Science (ICES); Warsaw School of Economics (SGH)

Abstract

The paper describes three different public-private partnership schemes implemented in connection with toll motorways in Poland and the fiscal risks related to them. While A1 Motorway is a typical BOT with public subsidies, A4 Motorway bases on a concession model (also known as asset-exploitation or French model) and A2 Motorway is more likely to be seen as a partnership with mixed public-private capital expenditures, and risk and revenues sharing. Public financial exposure seems to be, paradoxically, positively correlated with private capital involvement. The research also exposes the lack of a coherent long-term infrastructure development policy.

Keywords: Infrastructure Development, Public-Private Partnerships, Fiscal Risks

JEL Classification: H54, H63, L98

Suggested Citation

Moszoro, Marian W., Public-Private Partnerships in Toll Motorways in Poland: A Comparison of Financing, Exploitation and Fiscal Risks. Nowy Sacz Academic Review, No. 3, 2007. Available at SSRN: https://ssrn.com/abstract=1124423

Marian W. Moszoro (Contact Author)

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

HOME PAGE: http://economics.gmu.edu/people/mmoszoro

George Mason University - Interdisciplinary Center for Economic Science (ICES) ( email )

400P Truland Building
George Mason University
Fairfax, VA 22030
United States

Warsaw School of Economics (SGH) ( email )

aleja Niepodleglosci 162
PL-Warsaw, 02-554
Poland

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