Construction of Railway Transport Corridors in Bulgaria by Promoting Public-Private Partnership

Posted: 26 Jul 2017

See all articles by Petya Koralova - Nozharova

Petya Koralova - Nozharova

Economic Research Institute, Bulgarian Academy of Sciences

Date Written: July 1, 2017

Abstract

One of the main problems that hinder the development of railway transport in countries such as Bulgaria is the lack of fully liberalized market. As a result of the review of the Trans-European Transport Network Corridors in 2014, most of the Bulgarian transport strategy documents for the period 2014-2020 are directed toward the funding of railway infrastructure investment projects to stimulate better quality, safety and security of the services provided. In this regard, the main objective of the work is to reveal the possibilities of promoting risk allocation between public and private partners in order to promote construction of railway transport corridors in Bulgaria. Methods of induction and deduction, as well as methods of analysis and synthesis, are applied for the purposes of the research. A brief review of the main infrastructure projects, concerning railway transport corridors in the country, is made. In the paper, special attention is paid to the widely used public-private partnership forms for the fulfillment of railway infrastructure projects. The ideas, presented in the work would be useful for countries that meet the same problems as Bulgaria in terms of attracting private investment initiatives so as to provide railway transport services with better quality.

Keywords: Public-Private Partnership, Railway Transport, Core Network Corridors

JEL Classification: L92, O18, R4

Suggested Citation

Koralova - Nozharova, Petya, Construction of Railway Transport Corridors in Bulgaria by Promoting Public-Private Partnership (July 1, 2017). Available at SSRN: https://ssrn.com/abstract=3005452

Petya Koralova - Nozharova (Contact Author)

Economic Research Institute, Bulgarian Academy of Sciences ( email )

Bulgaria

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