University of Lisbon- Lisbon School of Economics and Management (ISEG),
Oil and Gas Economist at Galp Energia, Lisbon
Portugal
Research Article
Evaluating Risks in Public-Private Partnerships: The Case of Portuguese
Road Sector
Author(s): Mário Correia FernandesMário Correia Fernandes
Throughout the last few decades, it has been verified a significant raise in the use of Public-Private Partnerships, by part of the world’s economic governments as an alternative in the management and financing of infrastructural investments to joust the problematic of the infrastructure gap. From the projects sponsors’ point of view, the capital investment’s strategic decisions are fundamental, so that the feasibility studies of partnerships are a critical factor for operational success and their management. However, for these agents, the risk-return question is preponderant, due to the soaring of financial, political and market risks, which will organize the imperative of application of new evaluation methods, as the case of the IRR-at-Risk, Cash Flow-at-Risk and the NPV-at-Risk, where the latter combines the dual issue of risk-return and the average weighted cost .. Read More»
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