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Dr. Athena Roumboutsos Action TU1001 Chair

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.

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Dr. Athena Roumboutsos Action TU1001 Chair

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  1. Dr. Athena Roumboutsos Action TU1001 Chair COST Action TU1001Public Private Partnerships in Transport: Trends & TheoryP3T3for TRB Public Private Partnership Subcommittee ABE10Washington DC, 14 Jan. 2013

  2. Overview • Introduction to COST Action TU1001 – Public Private Partnerships in Transport: Trends & Theory (P3T3) • P3T3 Objectives • P3T3 Set up • P3T3 Research • Value Propositions Future What we are doing

  3. COST Action TU1001, 2010 - 2014 P3T3 Network: Who’s Who COST Countries : 24 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 5 Non-COST Countries : AU, HK, CH, US, AL & WB OR ≅ 100 Researchers from approx. 50 institutes 36 assigned by National Governments

  4. 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

  5. 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

  6. ResearchWG: Decision Models PPPs Need Flexibility Deterministic Models Stochastic Models Flexible Models Real Options Flexibility Theory Risk Mitigation Strategies Tendering Field of Applicability TEST/SIMULATE/SURVEY Policy Guidance Framework Complete Contracts Incomplete Contracts

  7. ResearchWG: Performance Step 1: Performance Definition Step 2: Objectives (at Different levels) Step 3: Criteria (Based on KPIs and CSF) How Flexible? Step 4: Benchmarking Step 5: Performance Analysis and Improvement Policy Guidance Framework

  8. ResearchAWG: Modal Context • Case Study Database FOR • Testing Theories • Benchmarks • Analysis • Synthesis • …..References

  9. 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

  10. 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

  11. Connecting Dots … Research Flexible Decision Models KPIs & CSFs Addressing Incompleteness Model Building Modal Context Database National Context Database /Data Model Testing Policy Guidelines Expected Outcome Transport Policy Procurement / Contract Guidelines

  12. FutureNew research proposal

  13. 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 (?) • Re- negotiations Value Basis • Increase of value basis through • Innovation (?) • Cross “fertilization” (?) • Other Value Capture (?)

  14. PPP Observatory

  15. Thank YOU Visit US www.ppptransport.euwww.cost.eu/domains_actions/tud/Actions/TU1001&athena@aegean.gr // athenap3t3@aegean.gr 28

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