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Dr. Athena Roumboutsos Action TU1001 Chair. COST Action TU1001 Public Private Partnerships in Transport: Trends & Theory P3T3 for TRB Public Private Partnership Subcommittee ABE10 Washington DC, 14 Jan. 2013. Overview. - PowerPoint PPT Presentation
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University of the AegeanDpt. Shipping, Trade & Transport P3T3
COST Action TU1001Public Private Partnerships in Transport: Trends
& TheoryP3T3
for TRB Public Private Partnership Subcommittee
ABE10Washington DC, 14 Jan. 2013
Dr. Athena RoumboutsosAction TU1001 Chair
University of the AegeanDpt. Shipping, Trade & Transport P3T3
Introduction to COST Action TU1001 – Public Private Partnerships in Transport: Trends & Theory (P3T3)
P3T3 Objectives P3T3 Set up P3T3 Research Value Propositions
Overview
What we are doing
Future
University of the AegeanDpt. Shipping, Trade & Transport P3T3
AT, BE, BG, CH, CY, CZ, DE, DK, EL, ES, ET, FI, FR, IR, IT, NL, NO, PL, PT, SI, SK, SR, SV, UK
Chair : EL
P3T3 Network: Who’s Who
5 Non-COST Countries : AU, HK, CH, US, AL& WB
COST Countries : 24
OR 100 Researchers from approx. 50 institutes≅36 assigned by National Governments
COST Action TU1001, 2010 - 2014
University of the AegeanDpt. 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 data-set.
….. a shift from a descriptive to a normative approach
……for the prediction and forecasting of variations, impacts and outcomes.
MODELS
University of the AegeanDpt. Shipping, Trade & Transport 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
Impact of External Events Implications of the financing
arrangement.
Modal perspective National Perspective
University of the AegeanDpt. Shipping, Trade & Transport P3T3
ResearchWG: Decision Models
Deterministic Models
Stochastic Models
FlexibleModels
Complete
Contracts
Incomplete
Contracts
Real OptionsFlexibility TheoryRisk Mitigation StrategiesTenderingField of Applicability
Policy Guidance Framework
TEST/SIMULATE/SURVEY
PPPs Need
Flexibility
University of the AegeanDpt. Shipping, Trade & Transport P3T3
ResearchWG: Performance Step 5:
Performance Analysis and Improvement
Step 1: Performance Definition
Step 2: Objectives
(at Different levels)
Step 3: Criteria
(Based on KPIs and CSF)
Step 4: Benchmarking
Policy Guidance Framework
How Flexible?
University of the AegeanDpt. Shipping, Trade & Transport P3T3
ResearchAWG: Modal Context
Case Study Database
FOR Testing Theories Benchmarks Analysis Synthesis …..References
University of the AegeanDpt. Shipping, Trade & Transport P3T3
ResearchAWG: National Context
National Characteristics Database Legal framework Business structures Etc
Impact of External events Macroeconomic
Figures Transport Demand
FOR Testing Theories Benchmarks Analysis Synthesis Correlations …..References
University of the AegeanDpt. Shipping, Trade & Transport P3T3
ResearchWG: “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
Incomplete
Contracts
University of the AegeanDpt. Shipping, Trade & Transport P3T3
Connecting Dots …Research
Flexible Decision Models
KPIs & CSFs
Addressing
Incompleteness
Modal ContextDatabase
National ContextDatabase /Data
Policy Guidelin
es
Transport PolicyProcurement /
Contract Guidelines
Model Building
Model Testing
ExpectedOutcome
University of the AegeanDpt. Shipping, Trade & Transport P3T3
FutureNew research proposal
University of the AegeanDpt. Shipping, Trade & Transport P3T3
Value Basis
Change in Value projections
Elasticity in Value Basis
Visualizing flexible Value System modelsResearchValue projections depending on:
• Project Type• Project Size• Project “portfolios” for:
• the user• the lender• the Public Authority• the private provider
Change in the Value Basis by• Country (?)• Mode (?)• Project life cycle
(?)• Economic
Environment (?)
• Re- negotiations
Increase of value basis through• Innovation (?)• Cross “fertilization” (?)• Other Value Capture (?)
University of the AegeanDpt. Shipping, Trade & Transport P3T3
PPP Observatory
University of the AegeanDpt. Shipping, Trade & Transport P3T3
www.ppptransport.eu www.cost.eu/domains_actions/tud/Actions/TU1001&
athena@aegean.gr // athenap3t3@aegean.gr
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