PPP investment in land passenger transportation infrastructure: exploratory comments regarding its effects on competition

Abstract

This paper aims to propose an analytical framework devoted to understand competition moments and their respective features in different stages of a land passenger transport infrastructure investment undertaking. As it will be argued, competitive processes arise well before the procurement stage which is considered the main competitive instance in the undertaking: the setup of investment policies and the choice of the specific projects are already subject of political pressures, which are competitive struggles between relevant stakeholders, some of which will take part in the final procurement stage. And even after this stage the competition does not cease, as competitive services shall challenge the undertaking. Also, the external benefits of the investment gives rise to competition between different stakeholders, for instance in the real estate market. The paper explains the different stages of competition and illustrates the outcomes in a selected study case