The evolution of transport public-private partnerships (PPPs) in industrial and developing countries since the early 1990s seems to be following a similar path: private initiatives work for a while, but after a shock to the sector takes place, the public sector returns as regulator, owner, or...

July 2000 - Many transport projects undertaken during the boom period of the 1990s came to a crashing halt in 1997, and conditions in emerging markets worsened in 1998 and 1999. Many projects failed, victim of everything from overoptimistic forecasts to excessive debt to an inability to...

Learning to regulate fairly, effectively, and at arm's length may be the main challenge governments face in attracting private investment and financing to the transport sector. - Governments should increasingly be able to rely on the private sector for help supporting (and financing) the...