Examinando por Materia "Risk Management Road"

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    Ítem
    Valoración óptima de riesgos en proyectos de asociación público-privada (APP) de infraestructura vial en Colombia
    (Universidad EAFIT, 2024) Ortiz Salgado, Miguel Ángel; Toro Acuña, Guillermo; Grajales Bedoya, Duván Darío
    Public-private partnership (PPP) projects have been used by different countries as a mechanism to attract private investment in the development of infrastructure projects, alleviating the need to have considerable sums of public money available in the short term for their execution. and thus strengthening their economies and their competitiveness against other nations. Colombia has not been the exception, and to this end it launched the Fourth generation of concessions Program in 2012 (Colombia, Agencia Nacional de Infraestructura, ANI, 2014). Although a current review of the program shows that an appreciable number of the projects have entered their operational phase successfully, the State´s efforts in compensating for assessable risks have been significant, to the point that a large part of the public resources of the investment made available annually for the PPP sector is allocated to risk coverage and not to the financing of new projects. This study describes and analyzes the behavior of assessable risks in the projects of the Fourth generation of concessions program (Colombia, ANI, 2014), its impact on the Contingency Fund of State Entities and the country´s medium-term fiscal framework, and proposes improvements to the current methodology for valuing contingent obligations in infrastructure projects, so that the Contingency Fund of State Entities of PPPs is made more flexible, the financing of new short-term infrastructure projects is possible, and the long-term sustainability of the concession model is guaranteed as a mechanism for economic strengthening and social equity. Keywords: Public-private partnerships (PPP), infrastructure project financing, infrastructure risk management, road or highway concessions, contingencies.