Case Studies: A19 Dishforth DBFO - Revision history

Manosk4 at 12:56, 11 June 2015

2015-06-11T12:56:27Z

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2015-03-24T14:36:40Z

‎The Concessionaire (Private Party

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 ==Introduction==
-The. A19 project was one of several PFI road projects let in the mid-1990s as part of the government’s Tranche 1A PFIs (Partnership UK, 2009). This tranche was more sophisticated than its predecessors, with scope for the private partner to improve the road through innovation and better service delivery.
+The A19 project was one of several PFI road projects let in the mid-1990s as part of the government’s Tranche 1A PFIs (Partnership UK, 2009). This tranche was more sophisticated than its predecessors, with scope for the private partner to improve the road through innovation and better service delivery.
 The road is 118km in length and consists of 2 and 3 lane carriageways. The project is a DBFO scheme within the existing A19 carriageway alignment.

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 |header3 =
 |label3  = Contract duration:
-|data3   = 30 years. (including construction period)
+|data3   = 30 years (including construction period)
 |header4 =
 |label4  = Budget:
@@ Line 29: / Line 29: @@
 ==Introduction==
-The A19 project was one of several PFI road projects let in the mid-1990s as part of the government’s Tranche 1A PFIs (Partnership UK, 2009). This tranche was more sophisticated than its predecessors, with scope for the private partner to improve the road through innovation and better service delivery.
+The. A19 project was one of several PFI road projects let in the mid-1990s as part of the government’s Tranche 1A PFIs (Partnership UK, 2009). This tranche was more sophisticated than its predecessors, with scope for the private partner to improve the road through innovation and better service delivery.
 The road is 118km in length and consists of 2 and 3 lane carriageways. The project is a DBFO scheme within the existing A19 carriageway alignment.

@@ Line 6: / Line 6: @@
 |header3 =
 |label3  = Contract duration:
-|data3   = 30 years (including construction period)
+|data3   = 30 years. (including construction period)
 |header4 =
 |label4  = Budget:

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    | data3 = 24 February 1997;
    | label4= Start of operations:
-   | data4 = 02 September1998.
+   | data4 = 02 September1998;
 }}
 }}

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 [[Image:Case1.2.png]]
-Figure 2. Risk Allocation
+'''Figure 2. Risk Allocation'''
 The main element of the contract is the maintenance of the road. Maintenance risks are borne mainly by the private partner, but affected by the actions of neighbouring local authorities. Operating risk is complex, as the private sector can gain increased net income when local authorities are assisting with the cost of maintenance.
@@ Line 105: / Line 105: @@
 [[Image:Case1.3.png]]
-Figure 3: Income generation (Bain, 2008)
+'''Figure 3: Income generation (Bain, 2008)'''
 Between 1996-2006 revenues totalled GBP 136M compared with the initial capital investment of GBP 29.4M.

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 As this was a wholly private investment, the Government’s role is that of the regulatory and legislative authority for the project. The Highways Agency has no stake in the special purpose vehicle (SPV).
-==The Concessionaire (Private Party==
+==The Concessionaire (Private Party)==
 The current owner of the SPV is Sir Robert McAlpine Ltd., although the original consortium included a number of companies.

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 == References ==
-* C. Liyanage, C. Boles, 2013, A19 Dishforth DBFO In Roumboutsos, A., Farrell, S., Liyanage, C. L. and Macário, R, COST Action TU1001 Public Private Partnerships in Transport: Trends & Theory P3T3, 2013 Discussion Papers Part II Case Studies, ISBN 978-88-97781-61-5, COST Office, Brussels available at http://www.ppptransport.eu
+* C. Liyanage, C. Boles, 2013, A19 Dishforth DBFO In Roumboutsos, A., Farrell, S., Liyanage, C. L. and Macário, R, COST Action TU1001 Public Private Partnerships in Transport: Trends & Theory P3T3, 2013 Discussion Papers Part II Case Studies, ISBN978-88-97781-61-5, COST Office, Brussels available at http://www.ppptransport.eu
 * A One Integrated Highway Services. (2012). About area 14. Retrieved 09 12, 2012, from A One: http://www.aone.uk.com/File/ourprojects.asp
 * Bain, R. (2008). PRIVATE FINANCE RATES OF RETURN:EVIDENCE FROM THE UK’S PFI ROADS SECTOR. University of Leeds, Institute for Transport Studies. Leeds UK: RB Consult Ltd.