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Investing in toll highway: private or public financing with scenario-based solution


Hassan, Mazlan and Ibrahim, Abdul Razak (2013) Investing in toll highway: private or public financing with scenario-based solution. Pertanika Journal of Social Sciences & Humanities, 21 (spec. June). pp. 133-148. ISSN 0128-7702; ESSN: 2231-8534


Whilst governments worldwide juggle competing priorities within the context of limited budgets, Malaysia has acted to seek more effective ways of building highways. In Malaysia, private involvement is allowed for the construction of highways in order to stimulate economic activity that is rarely matched elsewhere. This private finance involvement is able to reduce the public sector workforce and increase employment opportunities. However, most of the private or public/private toll highway project partnerships in the 80s and 90s have yet to yield any hard evidence of being successfully profitable, since few of the typically 30- to 50-year concession agreements have yet to mature. This paper provides a financing appraisal and scenario-based solution to aid private or public decision-making to finance highway projects.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Publisher: Universiti Putra Malaysia Press
Keywords: Toll highway; Private financing; Public financing
Depositing User: Nabilah Mustapa
Date Deposited: 30 Apr 2015 01:52
Last Modified: 18 Sep 2015 13:24
URI: http://psasir.upm.edu.my/id/eprint/28390
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