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Impact on the Sustainable Development Goals (SDGs)

Analysis of institutional authors

Vassallo JmAuthorGarrido LAuthor

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August 15, 2022
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Spanish Toll Road PPPs in Financial Distress: Lessons Learned from the Strategic Behavior of the Stakeholders

Publicated to: Competitive Government: Public Private Partnerships. 15-45 - 2022-01-01 (), DOI: 10.1007/978-3-031-04628-5_2

Authors:

Vassallo JM; Moral AG; Garrido L; de los Ángeles Baeza M
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Affiliations

Universidad de Granada - Author
Universidad Politécnica de Madrid - Author
Universidad Politecnics de Madrid (TRANSYT) - Author
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Abstract

The Spanish government has extensive experience in promoting toll highways through public–private partnerships (PPPs). In 2013, several concessions filed for bankruptcy after years of financial distress. Given the imminent termination of the contracts, the government, the PPP contractors, and the financial institutions positioned themselves strategically and adopted different measures to safeguard their own interests. This chapter presents the causes that motivated the bankruptcy of contracts and the shortcomings of the legal framework regulating their early termination. It also studies the strategical behavior of the different stakeholders involved with the aim of explaining the ultimate outcome of the negotiation process. From this case study, we provide a set of lessons that can be potentially applicable to other experiences in some areas: first, on the suitability of the PPP model; second, on the most effective way to negotiate the termination of contracts; and third, on the right way of designing termination clauses in PPP contracts with the aim of safeguarding the good service to the user while, at the same time, avoiding opportunistic behavior.
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Keywords

BankruptcyGovernment bailoutSpainStrengthen the means of implementation and revitalize the global partnership for sustainable development goalsToll road concession

Quality index

Bibliometric impact. Analysis of the contribution and dissemination channel

Independientemente del impacto esperado determinado por el canal de difusión, es importante destacar el impacto real observado de la propia aportación.

Según las diferentes agencias de indexación, el número de citas acumuladas por esta publicación hasta la fecha 2026-04-27:

  • Open Alex: 2
  • Scopus: 1
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Impact and social visibility

From the perspective of influence or social adoption, and based on metrics associated with mentions and interactions provided by agencies specializing in calculating the so-called "Alternative or Social Metrics," we can highlight as of 2026-04-27:

  • The use, from an academic perspective evidenced by the Altmetric agency indicator referring to aggregations made by the personal bibliographic manager Mendeley, gives us a total of: 8.

With a more dissemination-oriented intent and targeting more general audiences, we can observe other more global scores such as:

  • The Total Score from Altmetric: 6.
  • The number of mentions on the social network X (formerly Twitter): 5 (Altmetric).

It is essential to present evidence supporting full alignment with institutional principles and guidelines on Open Science and the Conservation and Dissemination of Intellectual Heritage. A clear example of this is:

  • Assignment of a Handle/URN as an identifier within the deposit in the Institutional Repository: https://oa.upm.es/87482/

As a result of the publication of the work in the institutional repository, statistical usage data has been obtained that reflects its impact. In terms of dissemination, we can state that, as of

  • Views: 143
  • Downloads: 2
Continuing with the social impact of the work, it is important to emphasize that, due to its content, it can be assigned to the area of interest of ODS 17 - Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development, with a probability of 58.9999973% according to the mBERT algorithm developed by Aurora University.
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Leadership analysis of institutional authors

There is a significant leadership presence as some of the institution’s authors appear as the first or last signer, detailed as follows: First Author (VASSALLO MAGRO, JOSE MANUEL) .

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