Naslov
Public sector participation in the airport industry

Autori
Šuman Tolić, Meri ; Vojvodić, Katija ; Martinović, Marija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Skup
The 5th International Scientific Conference “Entrepreneurship and Macroeconomic Management: Reflections on the World in Turmoil“

Mjesto i datum
Pula, Hrvatska, 24.03.2011. - 26.03.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
public private partnership; airport industry; international business; infrastructure development; competitiveness

Sažetak
During the last decade passengers and air cargo traffic volumes in Europe have been growing continuously. However, the growth is limited by lacking competition and inadequate airport infrastructure. In order to follow modern technologies and to meet the ever-increasing needs of its customers, the provision of an adequate and reliable physical infrastructure is important in the airport business. Due to the recession followed by the spread of the banking crisis and limited credit opportunities, alternative modes of financing are required. In that context, public private partnership (PPP) could be regarded as valuable means for successful development of airport infrastructure projects. Given the bank crisis has increased the price of loans, the number of projects that the private sector can finance has been significantly reduced. Therefore, hybrid PPPs are utilised in order to exploit EU funds combined with different PPP models. The main purpose of the paper is to analyse the examples of several European airports involved in financing and operating through various forms of private sector collaboration. The emphasis is put on the different models of private sector participation in the airport industry which ensures airports’ sustained expansion. The paper uses case study methodology of selected European airports in order to determine the opportunities and the risks of implementing different models of private involvement in airports’ development. It also aims to understand the motivation of both public and private sector to meet the interest of all parties. The findings suggest that PPPs with fair allocation of risks and rewards could provide a means to raise the necessary funds and know-how for successful development of airport capacity in order to meet future demands.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA