The Privatisation and Nationalisation of European Roads

Reviews / Votes

'This book sheds light on an important issue both in transport policy and more in general on innovative forms of state intervention. After a solid analysis of the drivers of the majority of European countries in changing radically their attitude toward this strategic sector (budget constraints and efficiency goals), it describes in detail the wide set of technical and financial tools employed to involve the private sector. And its conclusions are not less illuminating: this privatisation process, in order to be successful, requires a well constructed "case by case" strategy, and the public sector has to remain fully vigilant and aware of the risks involved in this approach.' -- Marco Ponti, Politecnico University of Milan, Italy 'Daniel Albalate has produced the most comprehensive review of critical issues facing private participation in European motorways to date. The book's scope is breathtaking, offering a concise history of the development of European roads, and the main reasons for the failure of many European motorway public-private partnerships while reviewing the design of road public-private partnerships. Readers will come away with a fresh understanding of interactions between public policy and private participation in road construction, financing, operation and maintenance' -- Rick Geddes, Cornell University, US 'Daniel Albalate provides the most comprehensive and updated analysis on privatisation and nationalisation of motorways in Europe. Albalate's thorough review of the trends in the ownership, management and financing of European motorways is a must-read for anybody interested in the factors that favor or undermine private participation in this type of infrastructure, which is a subject of increasing interest in the public policies in Europe, and throughout the world. This book provides very useful insights for scholars, and also relevant implications for policy makers.' -- Germa Bel, University of Barcelona, Spain