Dealing with the Obsolescence of Transport Infrastructure in Public-Private Partnerships
This report examines how a public client can end a public-private partnership contract for transport infrastructure prematurely. It is uncertain what kind of infrastructure, and how much of it, will be needed in the future. Privately financed transport infrastructure is almost exclusively delivered through long-term public-private partnerships. How to deal with potential obsolescence of projects in such a context is therefore of high practical relevance. The paper is part of a series of 19 papers and a synthesis report produced by the International Transport Forum’s Working Group on Private Investment in Transport Infrastructure.