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PROCUREMENT AND FINANCING OF MOTORWAYS IN EUROPE
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This book is a selection of papers presented to the international conference
‘‘Highways: Costs and Regulation in Europe’’, held in Bergamo on the
26–27 November 2004. The Conference was organised by the University
of Bergamo, and sponsored by the European Investment Bank.
We found that there are so many challenging and controversial issues with
motorway finance in Europe that it is worthwhile to present them in a
comprehensive publication to an international readership. A main outcome
of the discussion at the Conference was that a general appraisal bias can be
identified in the following sense: Experts from countries which have introduced
concession schemes for managing and financing of their motorways
are very critical with these schemes, stressing on their shortcomings and
caveats. Some of them even follow that a public management under a regime
of welfare maximisation would be desirable as a sustainable solution. Experts
from countries, which have been sticking to public procurement and
tax finance of motorways, strongly attack the inefficiency of public planning
regimes and the general tendency to allocate the revenues from special
transport-related taxes to the public budget, eventually spending them on
other purposes rather than transport. A typical feature of the latter regime
seems to be the chronic lack of funds for infrastructure investment.
GIORGIO RAGAZZI and WERNER ROTHENGATTER - Personal Name
978-0-7623-1232-0
NONE
Management
English
2005
1-263
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