Risk management by SPV partners in toll road public private partnerships

Richard Burke, Istemi Demirag

Research output: Contribution to journalArticlepeer-review

27 Citations (Scopus)


Research on risk management in Public Private Partnerships (PPPs) has largely overlooked that the Special Purpose Vehicle (SPV) is made up of several project partners with different interests and objectives to manage risk. This paper makes an important contribution to this literature as it articulates SPV partners’ perceptions of how they manage risk in toll road PPPs. Our case studies show that the different skillsets of both the international and domestic partners with their sub-contractors provide opportunities for mitigating and managing risk but also pose potential problems in terms of measuring and obtaining value for money for taxpayers.

Original languageEnglish
Pages (from-to)711-731
Number of pages21
JournalPublic Management Review
Issue number5
Publication statusPublished - 04 May 2019


  • international SPV partners
  • Public private partnerships
  • risk
  • risk transfer
  • sub-contractors


Dive into the research topics of 'Risk management by SPV partners in toll road public private partnerships'. Together they form a unique fingerprint.

Cite this