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Title:

Results of Finland’s First Concluding Public-Private Partnership Road Project

Accession Number:

01514856

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

Finland’s first Public-Private-Partnership (PPP) road project has come to the conclusion of its fifteen year duration in 2012. The PPP project consists of a motorway, which was previously a single lane in each direction and was prone to many accidents and fatalities. During the early phases there were many challenges to overcome as the procurement process was the first of its kind in Finland, using private financing and open competition through public tendering. PPP road projects were practiced internationally, but this project is one of Europe’s earliest PPP road projects coming to a completion. There are very few final results and evaluations of value for money from completed PPP projects worldwide. The objective of the paper is to present the results of Finland’s first PPP road project. The paper will show the results of value for money evaluation, lessons learned, overview of the tendering process, payment mechanism, challenges, safety performance, and various aspects of the PPP model. Two other PPP projects are also discussed in the paper. The methodology of this paper is from data collected by the client, interim reports, and an official upcoming study using the results from PPP projects in Finland. The results show that there was a positive outcome of value for money, significant safety and environmental improvements, and a project completed significantly faster than traditional methods. Examination of other countries experiences and sharing results, especially internationally, may be valuable lessons for others considering PPP for infrastructure projects.

Supplemental Notes:

This paper was sponsored by TRB committee ABE10 Revenue and Finance. Alternate title: Results from Finland’s First Concluding Public-Private Partnership Road Project.

Monograph Accession #:

01503729

Report/Paper Numbers:

14-0589

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Makinen, Seppo
Petajaniemi, Pekka
Pakkala, Pekka

Pagination:

16p

Publication Date:

2014

Conference:

Transportation Research Board 93rd Annual Meeting

Location: Washington DC
Date: 2014-1-12 to 2014-1-16
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References

Geographic Terms:

Finland

Subject Areas:

Administration and Management; Construction; Highways; I10: Economics and Administration

Source Data:

Transportation Research Board Annual Meeting 2014 Paper #14-0589

Files:

TRIS, TRB, ATRI

Created Date:

Jan 27 2014 2:16PM