The Proposed Privatisation of Queensland Motorways

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Title The Proposed Privatisation of Queensland Motorways
Author Guest, Ross
Journal Name Economic Papers
Year Published 2010
Place of publication Australia
Publisher Wiley-Blackwell Publishing Asia
Abstract This article evaluates the proposed sale of the tolling rights on Queensland Motorways from an economic welfare perspective. Weighing against the sale are arguments about optimal risk allocation and network externalities. In contrast, there is a productive efficiency case in favour of the sale. Privatisation also raises questions about private monopoly power and the delivery of community service obligations, although these could be handled through contract specifications. The sale price is essentially a distributional issue. The back-ofthe- envelope financial analysis here suggests that the mooted sale price of $3 billion would undervalue the asset and therefore transfer net worth from Queensland taxpayers to private investors.
Peer Reviewed Yes
Published Yes
Alternative URI http://dx.doi.org/10.1111/j.1759-3441.2010.00055.x
Volume 29
Issue Number 1
Page from 23
Page to 33
ISSN 0812-0439
Date Accessioned 2011-02-22
Date Available 2011-03-07T08:56:15Z
Language en_AU
Research Centre Griffith Asia Institute
Faculty Griffith Business School
Subject Economics
URI http://hdl.handle.net/10072/36950
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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