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| Author: | Roll, M. Verbeke, A. |
| Title: | Financing of the trans-european high-speed rail networks: New forms of public-private partnerships |
| Journal: | European Management Journal
1998 : VOL. 16:6, p. 706-713 |
| Index terms: | FINANCING RAIL TRANSPORT EUROPE TRANSPORT |
| Language: | eng |
| Abstract: | This paper discusses the trans-european high-speed rail networks' (TERN) financing The different goals of public and private investors are identified as these are critical to the development of a new form of integrated financing, whereby both public and private means are required. Govern- ment budgets are often limited and private investors may be discouraged by the specific features of infrastructure investments. Co-financing, however, allows the solving of these problems. The paper focuses on the role of the European Union in financing infrastructure. It explains why socio-economic benefits beyond financial gains represent the best justification for public financial intervention as a complement to private financing. |
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