THE ROLE OF CONCESSIONS IN TRANSPORT INFRASTRUCTURE DEVELOPMENT

Authors

Keywords
concession, transport infrastructure, benefits

Summary
In an economic and financial crisis the concession as a business model enables the development and modernization of public state-owned entities.

Transport infrastructure in Bulgaria, which is public state-owned, has its important economic and social role. Its status and prospects for development underlie the demand for transport services. The transport infrastructure modernization can be financed depending on the country’s economic development.

The limitations imposed on central financing, aiming at transport infrastructure improvement, bring forward the concession as an alternative opportunity for improving transport service quality. The present article examines the role of concessions in transport infrastructure development, determining the economic and social benefits stemming from infrastructure projects’ concessions.

Concession is regarded as a successful business formula, combining low risk levels, quality and stringent control over the object of concession.

JEL: E22, O1, R41
Pages: 11
Price: 2 Points

More titles

  • INSTRUMENTS FOR ANALYSIS OF THE EXTERNAL ÅNVIRONMENT THROUGH THE PRISM OF SELF-MANAGED WORK TEAMS

    The article studies the specific characteristics of the external environment because they create actual possibilities for the introduction of self-management in the functioning of work teams in the Bulgarian organizational practice. An emphasis is put on the organizational context within which self-managed work teams (SMWT) function. The study ...

  • CHARACTERISTIC FEATURES OF LOW-COST AIRLINES AND THEIR DEVELOPMENT IN EUROPE

    Air passenger transport is essential for society and economy. This article examines the development of the low-cost carriers market in Europe and the specific characteristics of low-cost airlines, which distinguish these airline operators from the other participants in the aviation market. It also analyzes the serious expansion of this market ...

  • THE SYSTEM

    This article reviews the philosophy of systems thinking and insightfulness as success factors. It also analyses and describes the characteristics of systems in which people are involved. Furthermore, it suggests ideas for establishing the relationship which binds systems thinking to systems analysis and insightfulness and results achieved in the ...