Case Studies in Spain (Energy, Transportation and Water Management)

Abstract

According to Allard and Trabant (2008), public-private partnership (PPP), is a marriage between public and private sector activity, a sort of a “third way to optimize the use of public funds and boost the quality of services traditionally provided by the public sector” (Allard, Trabant, 2008). PPPs have been extensively used in Spain for the procurement of light rail systems (Carpintèro, Barcham, 2012; Petersen, Carpintero, 2014). Spain was not a newcomer to PPP when projects involving cooperation between the public and private sectors began to spread in size and variety at the end of the 1990s. “There are records of privately constructed highways in Spain in the 19th century, and former dictator Francisco Franco used a simple form of BOT successfully in the 1970s to construct numerous toll highways. It appeared natural for Spain to explore the PPP option under the conservative government that came to office in 1996, whose platform focused on deregulating and privatizing the economy” (Allard, Trabant, 2008).KeywordsSmart GridInterest Rate RiskToll RoadConcentrate Solar PowerSovereign RiskThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.