Public-Private Partnerships in Urban Bus Systems : An Analytical Framework for Project Identification and Preparation
Many cities have sought to replicate the urban bus public-private partnership (PPP) structures that succeeded at the beginning of the millennium, such as those implemented in Brazil, Colombia, and Mexico. These cities improved their public transportation systems in the face of rapid urbanization...
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| Format: | Book |
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Washington, DC: World Bank
2021
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| Online Access: | https://documents.worldbank.org/en/publication/documents-reports/documentdetail/653321623313049945/public-private-partnerships-in-urban-bus-systems-an-analytical-framework-for-project-identification-and-preparation http://hdl.handle.net/10986/35597 |
| Summary: | Many cities have sought to replicate the urban bus public-private
partnership (PPP) structures that succeeded at the beginning of the
millennium, such as those implemented in Brazil, Colombia, and Mexico.
These cities improved their public transportation systems in the face of
rapid urbanization, rising air pollution, and increasing road safety incidents
through these PPP interventions. Examining these past international experiences, and others, Public-Private Partnerships in Urban Bus Systems: An Analytical Framework
for Project Identification and Preparation first challenges the assumption
that PPP structures are always the optimal approach for improving urban
bus systems. The authors use relevant case studies to demonstrate that
structuring such PPPs in cities in the developing world requires tailor-made
interventions that respond to local contexts. The authors identify essential
elements for PPP feasibility and invite readers to consider alternative
solutions for achieving the desired objectives. This book presents an analytical framework that public transportation practitioners can use to support the process of identifying and preparing
appropriate technical, financial, and legal structures to improve urban
mobility if a PPP is the preferred solution. It follows a detailed, risk-based
approach to thoroughly analyze the challenges that might be experienced
by cities that pursue private participation in proposed urban bus
interventions. Using specific examples, the authors thoroughly analyze the risks and
the specific potential planning-stage challenges likely to be encountered
and suggest strategies for practitioners to respond to the specific local
contexts and the various alternative solutions. This study builds upon
international experiences, predominantly in Latin America and in PPPs
focused on streamlining fleet provision and operation. Finally, the book
helps to identify and define bankable project structures that could respond
well to local contexts and minimize risks. |
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