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Selected Case

published: 28 Apr 2014

  • Topic: Economics & Finance
  • Industry: Infrastructure
  • Region: Other Regions

Abstract:
BrisConnections won the bid to construct the Airport Link toll road under a BOOT (Build, Own, Operate and Transfer) PPP model just as the global financial crisis took hold in 2008. Soon the project would take its place among a string of Australian toll road project failures.

Pedagogical Objectives:
To examine the public infrastructure fund model, the Australian public private partnership (PPP) toll road model, and the roles of various public and private stakeholders in the Airport Link project. To value the project and examine the assumptions underlying the model. To trace the impact of the project's failure and re-examine the project structure.

Keywords:
Project Finance, Toll Road, Financial Crisis, Infrastructure Fund, Default, Underwriters, Public Private Partnership (ppp), Conflict of Interest

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