PUBLIC-PRIVATE PARTNERSHIP IN TRANSPORT: SIMILARITIES AND DIFFERENCES OF DIFFERENT MODELS

Abstract

Public-private partnerships (PPPs) play a pivotal role in the development and modernization of transportation infrastructure worldwide, offering governments an alternative to traditional public-sector financing. This research explores the similarities and differences among various PPP models used in the transport sector, including Build-Operate-Transfer (BOT), Design-Build-Finance-Operate (DBFO), and Concession agreements. It examines how each model balances responsibilities, risks, and benefits between the public and private sectors, with a focus on operational efficiency, financial structure, and risk-sharing. Through a comparative analysis, the article highlights the adaptability of PPP models to diverse economic environments and project types, providing insights into how different approaches can maximize infrastructure efficiency, cost-effectiveness, and service quality in transportation. This examination aims to guide policymakers, investors, and stakeholders in choosing the most suitable model to address their transportation needs while achieving long-term public and private sector goals.