COST Action TU1001
Public Private Partnerships in Transport: Trends &
Theory
P3T3
for
TRB Public Private Partnership Subcommittee ABE10
Washington DC, 14 Jan. 2013
Dr. Athena Roumboutsos
Action TU1001 Chair
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
Overview
 Introduction to COST Action TU1001 –
Public Private Partnerships in Transport:
Trends & Theory (P3T3)
 P3T3 Objectives
 P3T3 Set up
 P3T3 Research
 Value Propositions
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
What we are
doing
Future
COST Action TU1001, 2010 - 2014
P3T3 Network:
Who’s Who
COST Countries : 24
Chair : EL
AT, BE, BG, CH,
CY, CZ, DE, DK,
EL, ES, ET, FI,
FR, IR, IT, NL,
NO, PL, PT, SI,
SK, SR, SV, UK
5 Non-COST
Countries :
AU, HK, CH,
US, AL
& WB
OR ≅ 100 Researchers from approx. 50 institutes
36 assigned by National Governments
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
P3T3: Objectives
(Memorandum of Understanding, MoU)
 ….The aim of the Action is to
develop a theoretical basis for
PPPs in the transport sector
grounded on the
multidisciplinary analysis of an
extensive cross-sectoral and
transnational empirical dataset.
 ….. a shift from a descriptive
to a normative approach
University of the Aegean
Dpt. Shipping, Trade & Transport
……for the
prediction and
forecasting of
variations, impacts
and outcomes.
P3T3
P3T3: Objectives (MoU)
 Decision making process
 Selection, implementation and
operation of PPP transport
projects considering sustainable
procurement‘ and value
propositions‘
 PPP performance
 CSF, KPIs, test criteria
 Modal perspective
 National Perspective
 Impact of External Events
 Implications of the financing
arrangement.
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
Research
WG: Decision Models
PPPs
Need
Flexibility
Deterministic
Models
Policy Guidance
Framework
Stochastic
Models
TEST/SIMUL
ATE/SURVEY
Flexible
Models
Real Options
Flexibility Theory
Risk Mitigation Strategies
Tendering
Field of Applicability
Complete
Contracts
University of the Aegean
Dpt. Shipping, Trade & Transport
Incomplete
Contracts
P3T3
Step 1:
Performance
Definition
Step 2:
Objectives
(at Different
levels)
Step 3:
Criteria
How
Flexible?
(Based on KPIs
and CSF)
Research
WG: Performance
University of the Aegean
Dpt. Shipping, Trade & Transport
Step 4:
Benchmarking
Policy Guidance
Framework
P3T3
Step 5:
Performance
Analysis and
Improvement
Research
AWG: Modal Context
 Case Study Database
University of the Aegean
Dpt. Shipping, Trade & Transport
FOR
 Testing Theories
 Benchmarks
 Analysis
 Synthesis
 …..References
P3T3
Research
AWG: National Context
 National
Characteristics
Database
 Legal framework
 Business structures
 Etc
 Impact of External
events
 Macroeconomic
Figures
 Transport Demand
University of the Aegean
Dpt. Shipping, Trade & Transport
FOR
 Testing Theories
 Benchmarks
 Analysis
 Synthesis
 Correlations
 …..References
P3T3
Research
WG: “Impact of External Events”
 Addressing Contract
Incompleteness
 Changes in initial
Assumptions
 Changes in initial
Predictions
 Changes in initial “values”
 Changes in Perceptions
 Changes transport market
structure & regulations
 New Financing Models
 New Needs in Transport
 New Value creation
 New PPP Models
 Addressing Existing PPPs
 Renegotiations
Complete
Contracts
University of the Aegean
Dpt. Shipping, Trade & Transport
Incomplete
Contracts
P3T3
Connecting Dots …
Research
Flexible
Decision
Models
Addressing
Incomplete
ness
KPIs &
CSFs
Modal Context
Database
National Context
Database /Data
Policy
Guidelines
Transport Policy
University of the Aegean
Dpt. Shipping, Trade & Transport
Model
Building
Model
Testing
Expected
Outcome
Procurement /
Contract Guidelines
P3T3
Future
New research proposal
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
Visualizing flexible Value System models
Research
Value projections depending on:
• Project Type
• Project Size
• Project “portfolios” for:
• the user
• the lender
• the Public Authority
• the private provider
Change in
Value projections
Elasticity in
Value Basis
Change in the Value
Basis by
• Country (?)
• Mode (?)
• Project life cycle
(?)
• Economic
Environment (?)
Value Basis
Increase of value basis through
• Innovation (?)
• Cross “fertilization” (?)
• Other Value Capture (?)
University of the Aegean
Dpt. Shipping, Trade & Transport
• Re- negotiations
P3T3
PPP
Observatory
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
Thank YOU
Visit US
www.ppptransport.eu
www.cost.eu/domains_actions/tud/Actions/TU1001&
[email protected] // [email protected]
University of the Aegean
Dpt. Shipping, Trade & Transport
P3T3
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